{"id":30462,"date":"2026-03-11T20:02:51","date_gmt":"2026-03-11T20:02:51","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/30462\/"},"modified":"2026-03-11T20:02:51","modified_gmt":"2026-03-11T20:02:51","slug":"after-rejection-near-24300-nifty-triggered-an-elliott-wave-breakdown-falling-around-400-points-as-forecasted","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/30462\/","title":{"rendered":"After rejection near 24,300, Nifty triggered an Elliott Wave breakdown, falling around 400 points as forecasted"},"content":{"rendered":"Nifty fell about 400 points after failing to move above the 24,300 level. Price then moved down towards 23,900.\n\nA video reviews an earlier Elliott Wave plan shared on WaveTalks that marked 24,300 as a possible reversal area. The drop is presented as matching the earlier outlined price structure.\n\n<h3>Nifty Rejects Key Resistance<\/h3>\nWe&#8217;ve seen the Nifty react precisely from the 24,300 resistance zone, confirming the weakness we anticipated. With the index now trading below 23,900, traders should focus on capital protection. The quick 400-point slide suggests that sellers are currently in control.\n\nThis sharp move has caused a spike in volatility, with the India VIX jumping from below 13 to over 15.5 in just a few trading sessions. This means option premiums, particularly for puts, are becoming more expensive. Traders should account for this higher cost when initiating new positions.\n\nWe are also seeing a clear shift in institutional flows that supports this cautious outlook. Foreign Institutional Investors (FIIs) have been net sellers for five consecutive sessions, offloading over \u20b912,000 crore this month. While domestic institutions are providing some support, the sustained foreign selling is a significant headwind.\n\nThis price action is reminiscent of the consolidation we witnessed in the second quarter of 2025 after a strong rally. That period also saw a sharp, swift correction of nearly 5% before the market found a stable base. A similar defensive posture could be warranted now.\n\n<h3>Levels To Watch Next<\/h3>\nGiven the breakdown, traders could consider strategies that benefit from range-bound action or further downside, with 23,500 acting as the next major support level. As we approach the March series expiry, expect volatility to remain elevated. Pay close attention to how the index behaves around these key psychological levels.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b>\n<p>\r\n\r\n<p><strong>Start trading now &#8211; Click <a href=\"https:\/\/www.vtmarketsglobal.com\/en\/trade-now\/\">here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Nifty dropped 400 points after failing at 24,300; video revisits Elliott Wave plan predicting reversal toward 23,900.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-30462","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/30462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=30462"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/30462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=30462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=30462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=30462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}