Review of last month analysis –
The last month forecast has been very accurate. As it was predicted the first two weeks looked bullish to volatile. Nifty opened huge gap up on 3rd Feb and remained volatile till mid of the month trading around 26000 to 25500 range. The next two weeks were predicted to be volatile to Bearish. The volatility increased from 16th as it was a week of multiple conjunctions and events and towards the last week Nifty closed in a Bearish side making a bearish doji candle.
Let’s look at the forecast for March 2026
Fundamental analysis
Global Risk Sentiment – The recent confrontation of Iran with US and Isreal have heightened the tensions in the Middle East. Any spike in the crude above $80 can trigger significant selling in Indian market.
Domestic factors – The inflation is in control and the GDP growth rate for FY26 has been revised to 7.4% driven by strong consumption and government infrastructure spending. So domestic factors look stable.
Institutional Flow – FII remain net sellers with heaving selling in the last week of Feb, while strong SIP inflows allow DIIs to buy aggressively on dips, absorbing the selling pressure.
Overall, fundamentals suggest negative market environment this month due to middle east situation else the market can consolidate or give Bullish spikes.
Technical analysis
Option Chain – The monthly Option chain indicates max Put OI on 25000 and max call OI is at 26000. This range can shift towards 25500 – 24500 range as the market turns bearish.
Nifty has given negative closing below 200 EMA which might indicate start of a short term Bearish trend. There is a strong support around 24800 – 24600 levels from where Nifty can Bounce or consolidate before falling further.
Astrological analysis
In this month muntha is in 6th house which is considered challenging. It can suggest the month of struggle, hurdles and fightbacks. So there can be a clear fight between bulls and bears which can make March a volatile month.
There is a heavy cluster of planets in 10th house in aquarius with Sun, Mars, Rahu and Mercury which turned retrograde from 26th Feb. The presence of Mars and Rahu together makes Angarak Yoga which leads to aggressive energy which again points to high volatility in the month of march.
Jupiter retrograde is in 2nd house which is a good sign and can suggest that the index remain well supported by liquidity. So the index might get good support at important support zones.
The friendly placement of Saturn and Venus in 11th house suggest upward movement but it can be slow with resistance from upward levels.
Planetary transits during this month –
Venus enters Pisces on 2nd March (Great for market as Venus is exalted in Pisces)
Sun enters Pisces on 15th March (Good for market, friendly sign)
Final Overview
Taking into consideration all the Three aspects for Nifty 50 it indicates bearish to volatile market for the first two weeks. After that market can retest the lower levels of this month and consolidate and even give Bullish closing towards the end.