Home » Stock Market Prediction for Nifty & Bank Nifty 23rd March 2026

Stock Market Prediction for Nifty & Bank Nifty 23rd March 2026

In today’s stock market, Nifty crosses 23,100, Sensex gains 326 points; IT, metal, and pharma stocks lead the rally.

Stock Market Nifty Chart Prediction

On March 20, Sensex was up 325.72 points at 74,532.96, and the Nifty was up 112.35 points at 23,114.50. About 2,330 shares advanced, 1,764 shares declined, and 152 shares were unchanged.

Top Nifty gainers: JSW Steel, Tech Mahindra, Coal India, Tata Steel, Infosys
Top Nifty Losers : Hindalco Industries, HDFC Bank, HDFC Life, Shriram Finance, ONGC.

Nifty midcap index rose 0.6%, while smallcap index ended flat.

Best Stocks of the day according to AI (Delta Dash)

Worst Stocks of the day according to AI (Delta Dash)

Stock Prediction for 23rd March 2026

Prediction for Monday NIFTY can go up if it goes above 23,000 or down after the level of 22,700, but it also depends upon the Global cues.

The NIFTY 50 has entered a negative trend in the last trading session, indicating a bearish bias in the near term. As long as the index remains below the key level of 23,595 on a daily closing basis, the overall sentiment is expected to stay weak, and traders may consider short positions, preferably on any rise toward resistance. The immediate resistance zone lies between 23,200 and 23,600, where selling pressure is likely to emerge, while the support range is placed between 23,000 and 22,700, which could act as a potential downside target or a temporary cushion. A sustained move below 23,000 may lead to further weakness, whereas a strong close above 23,595 would invalidate the bearish view and could trigger a reversal or short-covering rally.

Highest Call Writing at
23,000 (82.9 Lk)
Highest Put Writing at
22,700 (82.4 Lk)

Nifty Support and Resistance

Support 23,000 and 22,700
Resistance
23,200 and 23,600

Bank Nifty Daily Chart Prediction

Prediction For Monday BANKNIFTY can go up if it goes above 53,400 or down after the level of 53,100, but it also depends upon the Global cues.

The NIFTY Bank has entered a negative trend in the last trading session, indicating a bearish outlook in the near term. As long as the index remains below the key level of 54,900 on a daily closing basis, the sentiment is expected to stay weak, and traders may consider short positions, especially on any rise. The immediate resistance zone is placed between 53,400 and 54,000, where selling pressure is likely to emerge, while the support range lies between 53,100 and 52,500, which may act as a potential downside target. A break below this support zone could extend the decline further, whereas a strong close above 54,900 would invalidate the bearish view and may trigger a reversal or short-covering rally.

Highest Call Writing at53,400 (10.9 Lk)
Highest Put Writing at53,100 (6.9 Lk)

Bank Nifty Support and Resistance

Support53,100 and 52,500
Resistance
53,400 and 54,000

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