Nifty Reclaims 25K Mark After 7-Month Gap...

WEEKLY EQUITY BULLETIN 19 MAY TO 23 MAY 2025

The market witnessed a strong bullish rally this week, gaining over 4% as positive sentiment returned to the Street. Easing geopolitical tensions between India and Pakistan boosted investor confidence, and the bulls capitalized on the opportunity. Supportive global cues further added momentum to the upward move.

The Sensex surged 2,876 points, closing at 82,330.59, while the Nifty 50 climbed 1,011 points to settle at 25,019.80, marking a significant bullish breakout on both the daily and weekly charts.

Sector-wise, Nifty Realty led the rally with a 10.78% gain, followed by Nifty Metals, which jumped 9.28%. Nifty Media and Nifty Energy also posted solid performances. Notably, no sector ended the week in the red, underscoring the broad-based strength across the market.

Nifty

On the weekly basis, Nifty looks strong and trading above the resistance zone. Now Nifty has major support around 24650, if it breaks and close below 24650 then it will test 24400 and more weakness will come on cose below 24400 levels till 24000 levels in upcoming sessions.

Now near hurdle around 25250, if Nifty able to close above 25250 then we will expect fresh upside move till 25500-25700 levels in upcoming sessions.

Intraday Levels

Nifty Future has support around 24850, breaks below 24850 will see intraday downside movement till 24700---24600 levels while resistance around 25100, break above 25100 will see intraday upside move till 25250-25350 levels on the Monday trading session. Buy on dips around support will be a good entry for the traders.

Bank Nifty

On the weekly basis, Bank Nifty is trading in a green zone. Now near Resistance around 55800, if it breaks and trades above 55800 will see an upside rally till 56400 and further to 56800 levels in upcoming trading sessions.

Major Support around 54400, if it breaks and close below 54400 will see downside fall till 53800 and further to 53500 levels in upcoming trading sessions.

Intraday Levels

Bank Nifty has resistance around 55550, breaks above 55550 will see an intraday upside movement till 55800 levels while Support around 54800, breaks below 54800 will see intraday sell-off till 54500---54400 levels on the Monday trading session.

Weekly Top Pick Stock

Buy DIXON Futures above 16800. Stoploss-16000. Target-17600-18200.

Cash- Buy BALAMINES around 1400. Stoploss-1280. Target-1540-1600.

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