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Published on 25-05-2026 10:24 am

Nifty

Nifty opened with an upward gap and remained lackluster within narrow trading range throughout the day. Nifty closed at 23719 with a gain of 65 points. On the daily chart index has formed a bullish candle however it remained restricted within previous session's High-Low range indicating absence of strength on eitherside. The chart pattern suggests that if Nifty breaks and sustains below 23580 level it would witness selling which would lead the index towards 23470-23400 levels. However, if index crosses above 23770 level it would witness pullback rally which would take the index towards 23880-23950

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Published on 25-05-2026 10:22 am

Nifty

Cooling off trend in crude oil prices is likely to provide near-term support to the index, helping it extend its trading range beyond the 23800–23500 zone. The ongoing consolidation phase appears to be maturing, indicating the possibility of a breakout, particularly after the index held firmly above the crucial 23500 PE OI cluster ahead of the monthly expiry. Technically, the daily RSI has shown a positive divergence crossover below the 50 mark, suggesting early signs of strengthening momentum. However, the ADX continues to remain in the neutral-to-negative zone, implying that a strong trend confirmation is still awaited. A sustained move above 23840 could act as a trigger for further upside, opening the path towards the 24000 mark and beyond. On the downside, the probability of a sharp breakdown below 23500 appears limited, with the 23400–23500 range expected to act as a strong support base in the near term. The presence of consistent intraday reversals indicates a cautiously optimistic undertone. A short-covering rally towards 24000–24160 cannot be ruled out, with a gradual move towards the 24000–24500 zone likely. A buy-on-dips approach with a stock-specific focus remains advisable.

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Published on 25-05-2026 10:19 am

Global News

• Oil tumbles as hopes of a US-Iran deal ease Strait of Hormuz supply fears: Oil prices declined sharply after the US signalled progress toward a possible agreement with Iran that could eventually reopen the Strait of Hormuz, easing concerns over prolonged disruptions to global energy supplies. Brent crude fell over 5% to below $98 per barrel, while WTI slipped under $92, marking Brent’s fourth decline in five sessions. The fall came after Donald Trump said negotiations with Iran were advancing, though no final deal has been reached yet. Despite the optimism, US restrictions around the Strait of Hormuz remain in place until a formal agreement is completed. Improving vessel movement through the key trade route which handles nearly 20% of global oil and LNG trade has started reducing supply concerns, with tankers carrying crude and LNG successfully crossing the region. A full reopening of Hormuz would provide significant relief to major Asian importers such as China, Japan, and South Korea, while lower oil prices are also expected to ease global inflationary pressures and potentially support future interest rate cuts in the US.

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Published on 25-05-2026 10:19 am

Economic News

• India’s FY26 growth stays resilient, but rising oil prices and Iran war risks cloud the FY27 outlook: India’s economy is expected to post a strong 7.3% GDP growth in Q4FY26, taking full-year FY26 growth to around 7.6%, supported by resilient domestic demand, strong services and agricultural activity despite disruptions from the Iran war and elevated crude oil prices. However, economists expect growth to moderate to nearly 6.5-6.6% in FY27 as prolonged geopolitical tensions, high energy prices, supply-chain disruptions, inflationary pressures, and weaker exports could weigh on manufacturing, consumption, and overall economic momentum.

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Published on 25-05-2026 10:12 am

BANKNIFTY

* The banking index regained bullish momentum, ending both daily and weekly sessions in positive territory, although resistance near the 20DEMA continues to cap upside movement.

* The index opened with a positive gap and sustained buying strength throughout the session.

* Except State Bank of India, which showed slight weakness near closing, all major constituents advanced, led by Axis Bank and AU Small Finance Bank.

* Resistance stands at 55,100, while support is positioned near 53,200.

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