Will the Market Stabilize in the Coming Week?

Markets Overview

The global conflict continues into its eighth day with no sign of a letup; in fact, the intensity is increasing in certain pockets. Crude oil prices are going through the roof, and the Indian market is reeling under the pressure of the fear that crude will exceed 100 dollars. It is currently at 85 to 90 dollars, which is not as big of a deal as the market is making it out to be, but the market is pricing in the potential of a panic price hike.

The Nifty chart over the last four sessions is not encouraging and looks very weak, closing at the lowest point in many months. Prior to Friday, there were three gap days where the market closed above the open, showing some optimism through the day. However, on Friday, the market gave up those gains, signaling a change in pattern where it seems the bulls have given up hope.

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6th of March, marking day seven of the conflict, and nothing seems to be letting up. In fact, crude oil is at its highest around $87, and the conflict seems to be in full force going ahead. Markets were a mixed bag today; large caps were getting demolished in a big way while the mid and small caps were still not so bad. Overall, the situation remains grim.

Private banking is the space that was really pulling down the market today, and we saw big private banks go down. It is not as if private banks were doing very well before the war, either. Since May 2025, which is almost a year ago, we have not really had any gains in private banking, and versus PSU banks, private banks are really looking weak. They are now also below the 200 DMA.

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