Bulls Take a Breather: Nifty Drops, But Midcaps Hold the Fort..

EQUITY BULLETIN FOR 28 MAY 2025

The Indian stock market closed on a weaker note today, with both Nifty and Bank Nifty ending in the red. The Nifty 50 slipped 174.95 points to close at 24,826.20, registering a decline of 0.70%. Profit booking, weak global cues, rising U.S. Treasury yields, and lackluster Q4 earnings weighed on investor sentiment. Additionally, the RBI’s recent dividend announcement failed to meet market expectations, adding to the cautious tone.

Bank Nifty also followed suit, shedding 219.20 points to settle at 55,352.80, down 0.31%, largely dragged by declines in financial and IT stocks. Despite the pressure on benchmark indices, mid-cap and small-cap stocks outperformed, with both segments ending slightly higher.

Nifty Futures

Nifty Futures dragged sharply and closed on a bearish note in the last trading session. Now Nifty has near support around 24700 and upside crucial hurdle around 24920 levels. Break above 24920 will see an upside move till 25050-25200 levels in the upcoming trading session. Fresh bull run will expect on a daily close above 25000 levels.

On the other side, Nifty has crucial support around 24700 levels, break and close below 24700 will see a downside fall till 24600-24500 levels.

Trading strategy

Traders can Buy Nifty Future above 24920 with a stop loss above 24800 levels for the upside movement till 25050 — 25200 levels.

Bank Nifty Futures

Bank Nifty too ended on a bearish note in the last trading session. We will expect a bounce from the lower levels in upcoming sessions. Bank Nifty has near resistance around 55700, breaks and sustains above 55700 will see an upside movement till 56100-56300 levels.

On the lower side, Bank Nifty has a major support around 55200, break and a daily close below 55200 will see a fresh downfall fall till 54800 levels.

Trading Strategy

Traders can buy Banknifty Future above 55600 with a stop loss below 55200 for the upside movement till 56000—56300 levels in an intraday trading session.

Stock Pick of the day (28/05/2025)

HFCL

Buy HFCL Futures above 88 the upside move till 91 and then to 94 levels in the coming days. Stop loss below 85.50.

*T&C Apply…