Daily Technical Outlook 22 May 2025 by Axis Securities Ltd

Nifty closed the previous session at 24,813, gaining 130 points. On the daily chart, it formed a small bullish candle with an upper shadow, indicating selling pressure and resistance at higher levels.
Meanwhile, Bank Nifty ended at 55,075, up 198 points. The index formed a Doji candlestick, signalling market indecision and a potential pause in momentum as participants await clearer cues.
Trend score analysis suggests a neutral outlook for the Nifty, while the Bank Nifty reflects a mild bullish bias.
Please refer to the attached report for deeper insights, including pivot levels, key metrics, and a list of gainers and losers.
NIFTY
Daily Pivots
BANK NIFTY
Daily Pivots
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