Riddhi Siddhi Share Brokers @riddhisiddhibrk · 31m 906 Followers
Riddhi Siddhi Share Brokers – Morning Market Wrap & Trade Setup
Wednesday, March 4th, 2026 | Before the Bell
🌏 Global Backdrop – Volatility Continues
After a dramatic global sell-off, Indian markets return from the Holi holiday to price in two full sessions of global turbulence triggered by escalating U.S.–Israel–Iran tensions.
🔴 Global Snapshot:
GIFT Nifty: 24,401 (↓ 587 points)
Dow Futures: 48,385 (↓ 175)
Nasdaq 100 Futures: 24,603 (↓ 153)
Nikkei: 54,090 (↓ 2,189)
Hang Seng: 25,031 (↓ 737)
Dow Jones: 48,501 (↓ 404)
Nasdaq Composite: 22,517 (↓ 232)
Bovespa: 183,105 (↓ 6,202)
🛢 Commodities & Currencies:
Dollar Index: 99.13 (+0.12%)
WTI Crude: $74.82 (+0.35%)
Gold: 5,165 (+41)
Silver: 84.36 (+0.89)
Markets remain fixated on tensions near the Strait of Hormuz, a passage that handles nearly one-fifth of global oil shipments. Even perception of disruption is enough to inject a geopolitical premium into crude.
🇮🇳 Dalal Street Outlook – What To Expect?
At Riddhi Siddhi Share Brokers, our assessment is clear:
⚠️Nifty Likely To Gap Down
After closing Monday at 24,866, Nifty now faces:
Heavy geopolitical overhang
Rising crude oil risk
Elevated volatility (India VIX surged 25% toward 17+ levels)
Break below key 200-DMA (25,348)
Technically, this shifts the structure from:
“Buy on dips” ➝ “Sell on rallies”
Major support now stands at 24,571, and deeper levels may open if panic accelerates.
📊 Technical View
🔻 NIFTY (CMP 24,866)
Sell on rise strategy preferred
Targets: 24,571 / 24,337
Aggressive zone: 23,611–24,000
Trend Bias: Bearish below 200-DMA
🔻 BANK NIFTY (CMP 59,840)
Key Support: 59,000
Below that: 57,783 zone opens
Sell-on-rally structure remains intact
At Riddhi Siddhi Share Brokers, we strongly advise avoiding aggressive bottom-fishing in such environments.
As the saying goes — building fresh longs here may resemble constructing a skyscraper on quicksand.
🔎 Stocks In Spotlight
1️⃣ Aviation Under Pressure
InterGlobe Aviation (IndiGo)
SpiceJet
Both declined sharply amid:
Rising ATF costs
Airspace disruptions
Middle East route uncertainties
2️⃣ Pharma Update
Zydus Lifesciences
Received USFDA approval for Ivermectin & Dapsone tablets, but stock reaction muted — indicating limited near-term earnings impact.
3️⃣ Coal Weakness
Bharat Coking Coal
Reported 1.6% YoY decline in February production; stock corrected.
4️⃣ Defence & Semiconductors Theme
Paras Defence and Space Technologies
Rallied after incorporating subsidiary Paras Semiconductors targeting AI & advanced packaging segments.
5️⃣ Defence Orders
Hindustan Aeronautics Limited
Signed ₹5,083 crore MoD contract for ALH Mk-III helicopters & missile systems.
6️⃣ FMCG Acquisition
Dabur India
Acquiring minority stake in RAS Beauty for ₹60 crore under Dabur Ventures initiative.
7️⃣ Mining Development
JSW Cement
Declared preferred bidder for Assam limestone mining block.
8️⃣ Tax Development
Lupin
GST Department Maharashtra concluded inspection proceedings.
🎯 Trade Strategy – Riddhi Siddhi Share Brokers View
✅Preferred Bias: Defensive & Tactical Shorts
We believe geopolitical headlines will continue to steer sentiment more than fundamentals.
🔥 High Conviction Tactical Idea:
Sell InterGlobe Aviation (IndiGo)
CMP: 4,570
Stop: 4,771
Targets: 4,350 / 4,149
Aggressive Target: 3,781
Structure: Breakdown from higher consolidation zone
200-DMA: 5,481
🧠 Bottom Line
Geopolitical instability has created a fresh wall of worry for Dalal Street, adding to:
AI valuation debate
Global tariff uncertainty
Macro volatility
Energy inflation risk
While Warren Buffett advocates being greedy when others are fearful, timing remains critical.
At Riddhi Siddhi Share Brokers, our current stance remains:
Preserve capital first. Trade tactically. Respect volatility.
Caution is the operative word.
⚖️ Important Disclosure & Disclaimer
This communication is issued by Riddhi Siddhi Share Brokers, and is strictly for educational and informational purposes only.
Riddhi Siddhi Share Brokers acts as an Authorized Person of an NSE & BSE registered Stock Broker. Registration with SEBI, NSE, BSE, and certification from NISM does not guarantee performance or assure returns.
Investments and trading ideas discussed herein:
Do not constitute investment advice
May not be suitable for all investors
Are subject to market risks including potential loss of capital
Past performance is not indicative of future results.
Investors are strongly advised to:
Assess their individual risk profile
Consult with SEBI-registered financial advisors
Make independent investment decisions
Riddhi Siddhi Share Brokers, its directors, employees, associates, or affiliates shall not be liable for any loss arising from reliance on the information provided.
Stock market investments are subject to market risks. Read all related documents carefully before investing.
