Weekly Market Outlook17–21 Mar 2026
Published: Mon 17 Mar 2026 · 08:00 AM IST · Analyst: ScoutStack Research Desk · Read time: ~4 mins
FII Flow
+₹3,240Cr
Net buyers
WEEKLY BIAS
BULLISH
FII buying · VIX low
Nifty 50 Outlook
Nifty at 22,847 — bullish engulfing on weekly chart. Reclaimed 22,800 support. VIX at 13.82 — excellent environment for options buyers.
Resistance: 23,100 (gap fill + 52-week high cluster). Support: 22,550 (50-EMA daily). Breakout above 23,100 → 23,400–23,600. Breach of 22,550 opens 22,200.
BankNifty Outlook
BankNifty at 48,640 showing relative strength. HDFC Bank + ICICI Bank driving. 48,000–48,200 = strong support after recent breakout. Target: 49,200–49,500. OI concentration at 47,500 provides floor. Watch RBI commentary mid-week.
Sector Watch
Q4 results season · INFY, TCS, WIPRO pre-result accumulation · USD strength tailwind
FII buying in HDFC, ICICI · Rate cut expectations · Credit growth positive
Tata Motors, M&M strong but volume subdued · Wait for confirmation above resistance
US FDA warning letters creating headwinds · Avoid fresh longs until sector stabilises
Crude above ₹6,800 · OPEC+ supply discipline · MCX setups active
Outlook is for informational purposes only. Not a buy/sell recommendation. Past performance not indicative of future results. SEBI Reg. INH000006086.