By theindianinvestor 
Wednesday, 19th March 2025
Time : 7:45 AM IST
Insights :
1. Nifty gained 325 points and closed at 22,834.
2. It was a broad-based market rally—Nifty Smallcap 100 and Midcap 100 indices both gained over 2%.
3. Bank Nifty outperformed Nifty, gaining nearly 2%.
4. Markets rallied due to positive global cues, as reports suggest the Russia-Ukraine conflict may reach a ceasefire.
5. After continuous selling for several days, FIIs net bought ₹695 crores, while DIIs net bought ₹2,535 crores in the cash market.
6. The rally was driven by short covering—FIIs covered their shorts, and for the first time in several days, their short positions fell below 80%, now standing at 76%. The good news is that they are adding fresh long positions.
7. Markets can move higher if FIIs turn positive. Currently, macroeconomic indicators are mixed—GDP growth rate is around 6.2%, and CPI inflation is at 3.6%, which is a good sign. If urban consumption picks up in the next quarter, these indicators could turn even more positive.
8. US markets closed in red—Nasdaq fell 1.7%, and S&P 500 dropped 1%.
9. Asian markets are trading mixed.
10. GIFT Nifty indicates a 60-point gap-up opening for our markets.
11. Today, the US Fed meeting outcome will be announced, which will impact our markets tomorrow.
12. The Dollar Index is trading around 103, and the US 10-year bond yield is at 4.3%.
13. Brent crude is trading just above $70 per barrel.
14. Overall, global cues seem to be turning positive—unless we get another unexpected tariff announcement from Trump.
15. Nifty might take support around 22,600 and face resistance at 23,000. The 22,900 level is considered the 50% Fibonacci retracement from the recent low of 21,950 to the high of 23,800. So closing above 22900 is a sign for further bullishness.