By Vineet Kumar 
Stock Market Prediction for 3 March 2025: Strong Possibility of a Pullback? Key Support & Resistance Levels to Watch
After Friday’s sharp sell-off, investors are left wondering—will the carnage continue, or is a pullback rally on the horizon? As we step into the first trading session of March, let’s break down key market trends, technical levels, and factors that could influence the Indian stock market on Monday, March 3, 2025.
Stock Market Recap: The Bloodbath on February 28
The Indian stock market witnessed its worst trading day of 2025 on February 28. The BSE Sensex plunged 1.90%, closing at 73,198.10, while the NSE Nifty 50 dropped 1.86%, settling at 22,124.70.
The broader market took an even bigger hit:
Nifty Midcap 150: Down 21.1% from its highs.
Smallcap 250: Crashed 25.6%.
Microcap 250: Declined 26.2%.
Among sectors, IT, real estate, and energy were the worst performers, falling in line with the broader market.
What’s Driving the Market? Key Factors for Next Week
With no major domestic events lined up, the focus shifts to global cues. The following factors could influence market sentiment:
Geopolitical tensions and their impact on global trade.
FIIs (Foreign Institutional Investors) activity—whether they continue selling or return as buyers.
US and European market trends, influencing risk appetite.
Auto sales data & PMI figures, offering insights into economic health.
Technical Outlook: Is Nifty Near a Reversal Zone?
According to Religare Broking’s Ajit Mishra, Nifty is nearing a crucial support zone between 21,800-22,000. A decisive breakdown below this could extend the fall to 21,000-21,200.
However, Kotak Securities’ Amol Athawale suggests that while the market is weak, it is also oversold—meaning a pullback rally is possible.
Key Support & Resistance Levels for March 3, 2025
For short-term traders, these levels will be critical:
Support:
22,000-21,800 (Immediate support)
21,500-21,200 (Deeper correction level)
Resistance:
22,200/73,500 (Crucial level—sustaining above this could trigger a rally)
22,300/74,000 (Next upside target)
22,500/74,500 (Major resistance level)
If Nifty sustains above 22,200, we could see a sharp recovery up to 22,500, fueled by short covering.
Bottom Line: What Should Investors Do?
Short-term traders should watch 22,200 closely—if the market holds above this, a recovery is likely.
Long-term investors should stay patient—market corrections like these have historically been buying opportunities.
Volatility will remain high, so risk management is key.
Despite Friday’s crash, history suggests that such corrections are normal in bull markets. As Capitalmind Research’s Krishna Appala points out, markets have fallen over 20% multiple times in the past 30 years, yet have ended positive in 22 out of those 30 years.
Will Monday bring more pain, or will the bulls fight back? Keep an eye on key levels and global cues!
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