A TECHNICAL UPDATE ON NASDAQ COMPOSITE –30.3.2026

 

NASDAQ COMPOSITE

Open—21287.19--High—21293.50—Low—20909.93—Close—20948.36 on 27.3.2026.

Support:20901.99/20560.17/20204.58/20110.11/19342.11/18847.74/18608.76/18083.95/17503.01/17238.24/16959.80/16668.57/15713.07/15222.78/14794.45.

Resistance:21033.05/21184.50/21457.48/21522.75/21742.46/21803.75/21898.29/22062.82/22064.65/22124.78/22186.02/22256.76/22461.14/22563.42/22565.48/22692/22801.90/22891.88/22906.75/22916.83/23031.87/23119.91/23169.68/23320.62/23481.49/23569.62/23665.15/23704.08/23813.30/23988.27/24019.99/24044/24208/24262/24557/24603/24614/24795/24823/24831/25082/.

Further to my last post on 9.3.2026, the overall technical setup has further weakened and it is into deep correction mode and most importantly long term uptrend is potentially threatened, so all together it is showing extreme weakness and may be heading for further fall in coming days. Moving down it has the following support range or points and it may take support at any of this range or point and may bounce back from there, but break & sustained close below each range or point can drag it down to the next range or point.

1.   20733----19342.  Break & sustained close below this range may trigger fresh fall.

2.   19215.                BEAR MARKET THRESHOLD POINT. 

3.   18900----18250.               

4.   17850----17200.

5.   16700----16050.

6.   14797.45.           Break & sustained closed below it may accelerate the fall.   

Similarly moving up it will face stiff resistance, but if it moves above the range of 21312---21900 it may gain a foothold for moving up further. But to gain good foothold and strength to extend the up-move further it has to move above 22650---22800---22950---23241.99—23481.49 , it will go from strength to strength if it moves above each point and sustain on the closing basis, else it may stay weak and drift down. 

It is important to mention here that that majority of some important technical indicators are weak on the daily, weekly & monthly chart; therefore further fall in coming days, weeks & months looks inevitable at this point of time may be with-in- between short relief rallies. So be alert and watchful particularly in long trades.

 

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted. This is for educational purpose.

Disclaimer:- I am not a SEBI registered technical analyst. The view expressed here are solely of the author and purely for the academic and educational purpose. This is in no way a trading or investment advice.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.