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2025-05-22 10:23:48 am | Source: Axis Securities Ltd
Daily Technical Outlook 22 May 2025 by Axis Securities Ltd
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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