IGI Logo

Published on 16-05-2025 10:23 am

Nifty

Nifty opened on a flat note and witnessed selling pressure in the initial half of the day. However later hour buying led index toendnearday'shigh. Nifty closed at 25062 with a gain of 484 points. On the daily chart the index has formed a strong Bullish candle carrying long lower shadowindicating buying support at lower levels. The chart pattern suggests that if Nifty breaks and sustains below 25000 level it wouldwitnesssellingwhich would lead the index towards 24850-24750 levels. However, if index crosses above 25120 level it would witness pullbackrallywhichwould take the index towards 25200-25300

Click Here : https://tinyurl.com/4ue96m4v

Please refer disclaimer at https://jainam.in/SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

Published on 16-05-2025 10:22 am

Nifty

Nifty has confirmed a breakout in line with expectations, supported by strengthening investor confidence. The index surpassing the 25000 mark, along with the ADX crossing above 25, signals increasing trend strength and reinforces the possibility of a continued uptrend beyond the 25180 level. A 'Rising Three' candlestick formation on the daily chart further validates the bullish bias, indicating trend continuation. Upon a decisive move above 25180, the next immediate target is seen at 25760. Options data reflects a notable upward shift in the support base—from 24500 to 24700—underscoring growing confidence at elevated levels. On the upside, resistance levels have now broadened toward 25500, with a critical resistance zone between 25630–25760 likely to act as a near-term challenge for momentum traders. From a pattern perspective, the recent price action confirms a breakout from a bullish flag formation, projecting a medium-term target near 26550. However, traders should monitor the 25630–25760 resistance band closely, as it may temporarily stall further gains. Momentum traders may consider accumulating long positions on intraday dips, maintaining a trailing stop-loss below 24650 on a closing basis. A breakout above 25180 could unlock fresh upside toward 25630, and subsequently 25760, while 24500 continues to act as major support. 

Click Here : https://tinyurl.com/4yjzxsw2

Please refer disclaimer at https://www.tradebulls.in/disclaimerSEBI Registration number is INZ000171838

Published on 16-05-2025 09:31 am

Market Outlook

Nifty 50 ended the day at 25062 after finding the major support at 24600 and traded positive nearly 400 pts. The India VIX ended at 16.89. The Advance-Decline Ratio is 49, indicating Bullish trend. Derivatives data suggests Sideways to positive sentiments in the market for the coming sessions, with significant increase in CALL and PUT options OI data.

Click Here : https://tinyurl.com/4tzpav24

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 16-05-2025 09:29 am

BANK NIFTY

* The banking index staged a rebound after a two-day breather and closed with one percent gain.

* The heavyweights like Icicibank, Hdcbank, Axisbank performed well, outshining other banking majors reaffirms our positive outlook.

* A decisive breach of the 55700-56100 zone, could unlock further upside potential.

* On the downside, 54400-54200 range will act as support zone.

* Traders are advised to continue with ‘buy on dips’ approach.

Click Here : https://tinyurl.com/6m5d77vh

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 16-05-2025 09:29 am

NIFTY

* Nifty regained momentum after a marginal dip, ending the day with gains of nearly one and a half percent.

* Following a flat start, the Nifty witnessed sharp fluctuations in the first half; however, a decisive surge in heavyweight stocks across sectors drove strong momentum as the session progressed.

* All major sectors contributed to the rally, with realty, auto, and metals emerging as the top gainers.

* A decisive breakout above the 25,200 level could potentially take the index towards the 25,400+ zone.

Click Here : https://tinyurl.com/6m5d77vh

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330