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Nifty Forecast Monday: Mideast Tensions, Crude Prices Drive Volatility; Key Levels for March 23
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Nifty Volatility Ahead: Mideast Crisis, Crude Oil Prices to Drive Market Swings
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News18
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21-03-2026, 13:11
Nifty Volatility Ahead: Mideast Crisis, Crude Oil Prices to Drive Market Swings
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Markets to remain volatile on Monday, March 21, due to weak global cues and fragile sentiment.
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Nifty declined nearly 8.20% this month, indicating a meaningful correction.
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Geopolitical tensions in the Middle East and a 7% surge in crude oil prices are key factors dragging sentiment.
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FIIs were net sellers for the sixth straight week (₹29,898 crore), while DIIs provided support (₹30,642 crore).
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Key Nifty levels to watch: support at 22,930 (potential drop to 22,500), resistance at 23,350 and 23,600.
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