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Economic Times
23-06-2025
- Business
- Economic Times
Nifty faces key resistance at 25,200 amid geopolitical tensions
Following Friday's rally, Nifty now faces a crucial test near 25,200. Analysts say a sustained move above this level could pave the way for a further rise toward 25,700–25,900, but also caution that geopolitical uncertainties may continue to inject volatility into the markets. On the downside, support at 24,500 remains crucial with stock-specific action in banks, midcaps, and select names like M&M, BEL, and CAMS offering trading opportunities. ADVERTISEMENT RUCHIT JAIN VICE PRESIDENT, MOTILAL OSWAL FINANCIAL SERVICES Where is Nifty headed this week? Geopolitical tensions have led to a consolidation phase in Indian markets over the past month. However, this appears to be a time-wise corrective phase within an uptrend, with Nifty holding above its support zone of 24,500– 24,450—a crucial near-term level. The immediate hurdle for the index lies in the 25,200–25,250 range. A breakout above this could propel the index towards 25,500–25,700. On the downside, 24,800 is the immediate support, followed by positional support at 24,450. Trading strategies for the week: Traders are advised to focus on stocks that have shown relative strength over the past month. Mahindra & Mahindra (M&M) has given a breakout, signalling a bullish trend. Exchange-related stocks such as MCX, and defence names like BEL, BEML, and BDL are expected to extend their uptrend in the short term. PRITESH MEHTA EVP – INSTITUTIONAL EQUITIES, YES SECURITIES ADVERTISEMENT Where is Nifty headed this week? Despite elevated global uncertainty, inter-market signals suggest relative strength for Indian equities. Friday's 300-point rally was a welcome shift, as the market had been struggling to find a trending move. More importantly, the index managed to sustain its gains without cooling off. Our customised Top 10 Nifty index gained momentum after weeks of consolidation, indicating strength in large caps. Our breadth indicator also showed a bullish crossover, with ~58% of index constituents displaying a bullish bias. An ABC breakout, along with a double-top buy signal on the Point & Figure chart, combined with improving breadth, suggests a potential move towards the 25,700 zone. ADVERTISEMENT Trading strategies for the week: Improved breadth, renewed traction in banks and financials, and support in the Midcap 100 index around its 10-column average all point to further upside. Among sectors, our customised Capital Markets and Defence indices are bouncing from support. BEL, CAMS, and CDSL are showing multiple bullish patterns and could rally 10–14% in the coming weeks. The ratio of IT to Nifty has followed through on a bullish turtle breakout, indicating a potential comeback for select IT stocks. ARPAN SHAH ADVERTISEMENT HEAD – TECHNICAL RESEARCH, MONARCH NETWORTH CAPITAL Where is Nifty headed this week? Nifty has been consolidating within the 24,500–25,200 range for past six weeks, lacking a clear directional trend. Despite absorbing geopolitical shocks, including the India-Pakistan conflict, the market has managed to hold key support levels. Friday's session ended with a strong bullish candlestick formation, indicating that a breakout above 25,200 could trigger short-covering and open upside targets of 25,600–25,900. The banking index, which has been consolidating near its all-time high, is expected to move in line with the benchmark, with upside targets of 57,200–58,000. ADVERTISEMENT Trading strategies for the week: The midcap index has formed a strong reversal at its breakout level. Traders can consider buying for upside targets of 13,400–13,600. The IT index has been gradually inching up, and offers a favourable risk-reward setup. Investors may accumulate HCL Tech, Kaynes, and R Systems at current levels. PSU bank stocks, including SBI and Bank of Baroda, have seen profit booking post the RBI rate cut and are now near support, both can be added at current prices. Defence stocks, having rallied sharply in the last 3–4 months, now present an unfavourable risk-reward and are best avoided. Among mid- and small-caps, CGCL, Praj Industries, GPIL, and Bharat Rasayan are good accumulation bets at current levels.
Time of India
23-06-2025
- Business
- Time of India
Nifty faces key resistance at 25,200 amid geopolitical tensions
Following Friday's rally, Nifty now faces a crucial test near 25,200. Analysts say a sustained move above this level could pave the way for a further rise toward 25,700–25,900, but also caution that geopolitical uncertainties may continue to inject volatility into the markets. On the downside, support at 24,500 remains crucial with stock-specific action in banks, midcaps, and select names like M&M, BEL, and CAMS offering trading opportunities. RUCHIT JAIN VICE PRESIDENT, MOTILAL OSWAL FINANCIAL SERVICES Where is Nifty headed this week? Geopolitical tensions have led to a consolidation phase in Indian markets over the past month. However, this appears to be a time-wise corrective phase within an uptrend, with Nifty holding above its support zone of 24,500– 24,450—a crucial near-term level. The immediate hurdle for the index lies in the 25,200–25,250 range. A breakout above this could propel the index towards 25,500–25,700. On the downside, 24,800 is the immediate support, followed by positional support at 24,450. Trading strategies for the week: Traders are advised to focus on stocks that have shown relative strength over the past month. Mahindra & Mahindra (M&M) has given a breakout, signalling a bullish trend. Exchange-related stocks such as MCX, and defence names like BEL, BEML, and BDL are expected to extend their uptrend in the short term. Agencies Live Events PRITESH MEHTA EVP – INSTITUTIONAL EQUITIES, YES SECURITIES Where is Nifty headed this week? Despite elevated global uncertainty, inter-market signals suggest relative strength for Indian equities. Friday's 300-point rally was a welcome shift, as the market had been struggling to find a trending move. More importantly, the index managed to sustain its gains without cooling off. Our customised Top 10 Nifty index gained momentum after weeks of consolidation, indicating strength in large caps. Our breadth indicator also showed a bullish crossover, with ~58% of index constituents displaying a bullish bias. An ABC breakout, along with a double-top buy signal on the Point & Figure chart, combined with improving breadth, suggests a potential move towards the 25,700 zone. Trading strategies for the week: Improved breadth, renewed traction in banks and financials, and support in the Midcap 100 index around its 10-column average all point to further upside. Among sectors, our customised Capital Markets and Defence indices are bouncing from support. BEL, CAMS, and CDSL are showing multiple bullish patterns and could rally 10–14% in the coming weeks. The ratio of IT to Nifty has followed through on a bullish turtle breakout, indicating a potential comeback for select IT stocks. ARPAN SHAH HEAD – TECHNICAL RESEARCH, MONARCH NETWORTH CAPITAL Where is Nifty headed this week? Nifty has been consolidating within the 24,500–25,200 range for past six weeks, lacking a clear directional trend. Despite absorbing geopolitical shocks, including the India-Pakistan conflict, the market has managed to hold key support levels. Friday's session ended with a strong bullish candlestick formation, indicating that a breakout above 25,200 could trigger short-covering and open upside targets of 25,600–25,900. The banking index, which has been consolidating near its all-time high, is expected to move in line with the benchmark, with upside targets of 57,200–58,000. Trading strategies for the week: The midcap index has formed a strong reversal at its breakout level. Traders can consider buying for upside targets of 13,400–13,600. The IT index has been gradually inching up, and offers a favourable risk-reward setup. Investors may accumulate HCL Tech, Kaynes, and R Systems at current levels. PSU bank stocks, including SBI and Bank of Baroda, have seen profit booking post the RBI rate cut and are now near support, both can be added at current prices. Defence stocks, having rallied sharply in the last 3–4 months, now present an unfavourable risk-reward and are best avoided. Among mid- and small-caps, CGCL, Praj Industries, GPIL, and Bharat Rasayan are good accumulation bets at current levels.
Time of India
19-05-2025
- Business
- Time of India
Nifty likely to advance towards 25,200-25,800: Analysts
Nifty is expected to extend its upward trajectory in the near term supported by easing geopolitical worries, strong FII inflows , and broadbased participation across sectors. Technically, the next upside targets range between 25,200 and 25,800, provided it sustains above the 24,800 support zone. However, a breakdown below this level could pull the index back toward 24,200. Market breadth remains healthy, with midcap and smallcap indices outperforming, indicating rising risk appetite. Overall, the near-term structure for Nifty remains bullish, with any dips likely to be viewed as buying opportunities. PRITESH MEHTA by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Belly Fat Removal Without Surgery in Tunisia: The Price Might Surprise You Belly Fat Removal | Search Ads Get Info Undo EXECUTIVE VICE PRESIDENT – RESEARCH, YES SECURITIES Where is the Nifty headed this week? This week, Nifty rallied by 4%, staging a bullish turtle break and, in the process, it also surpassed the 45-degree downward sloping trendline on the P&F chart. We expect the follow-through move to persist post formation of a bullish anchor column. Interestingly, riskon names/sectors like midcap IT, metals, and broader markets are back in favour. In such a scenario, focus will be beyond the index. Nifty is expected to gradually move higher post-recent rally, with 25,300 as the upside potential target for the next few weeks. Trading Strategies for the Week: Live Events Both Midcap 100 and Smallcap indices rallied 7% and 9% respectively, outperforming the benchmark index. The ratio of Midcap 100 vs Nifty is attempting to surpass the peak of Feb 2025; a break above the same would continue Midcaps' outperformance. We expect a 10–12% rally in Bharat Forge, LTF, and LIC Housing. Post a sharp decline in April, Nifty Metal index bounced off the 2-year mean and is attempting to surpass the March 2025 peak. SAIL and Tata Steel likely to be major movers in next few weeks. Agencies RUCHIR JAIN HEAD - TECHNICAL RESEARCH, MOTILAL OSWAL FINANCIAL SERVICES Where is Nifty headed this week? Nifty witnessed a sharp upmove last week, supported by easing geopolitical worries and strong FII buying. The index continues its 'Higher Top, Higher Bottom' structure, with the previous resistance zone of 24,500-24,600 now acting as short-term support. Nifty could advance towards 25,200–25,250, followed by 25,700, which aligns with the October 2024 gap zone. Positionally, the index may retest all-time highs soon, and any dips should be viewed as buying opportunities. Trading Strategies for the Week: PSU and capital market segments are showing signs of a breakout and could outperform in the near term. Short-term traders can consider buying HDFC AMC, MCX, Concor, and Hudco, where the risk-reward appears favourable. For positional traders, Eternal looks promising as it breaks out after four months of consolidation, indicating potential for a sustained uptrend. ARPAN SHAH SENIOR RESEARCH ANALYST, MONARCH NETWORTH CAPITAL Where is the Nifty headed this week? Nifty has given breakout from the 24,800– 25,000 resistance zone and closed with a bullish candlestick formation on the daily chart. It may witness continued buying interest if it sustains above the 24,800 level and heads towards 25,800. However, a breakdown below the 24,800 support level will take Nifty back to the 24,200 level. Bank Nifty is likely to underperform the benchmark index in the coming days. Trading Strategies for the Week: The Metal index has given a breakout from trendline resistance and closed with a bullish candlestick formation on weekly chart. Investors are advised to accumulate Nalco and SAIL at current levels. Adani group stocks have witnessed strong buying interest last week, and they may continue upside momentum; Adani Green and Adani Enterprises are top picks from the pack. The IT index has recovered from the lows; however, it has reached near the resistance zone, and traders may witness some profi t booking from current levels. BSE is now showing reversal signs on the daily chart; traders can sell on rally. Among midcaps, Titagarh, CDSL, Brigade, and Polyplex have closed with bullish breakouts, and these stocks can be bought at current levels as well as on dips.
