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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

May 19, 2025

  • Daily Morning Report                                                
  • Date: 19.05.2025
  • NIFTY OUTLOOK: 25019.80  FII: 8831.05 cr  DII: 5187.09 cr
  • (19th – 23rd May 2025)
  • As discussed in the previous report dated 12th May 2025, market behaviour remained on expected lines. Nifty opened gap-up above the key resistance of 24365, dipped near it with a low of 24378, and then rallied sharply to 25116.
  • In the current week, Nifty opened gap-up and crossed major resistances at 24365, 24589, and 24857, negating the bearish engulfing pattern formed the previous week. A long bullish candlestick on the weekly chart indicates the uptrend remains intact. The northward journey may face resistance around 25156–25393. A breakout and sustain above this range could extend the rally towards 25583–25767.
  • However, the long bullish candle after a prolonged rally, coupled with negative divergence on the daily RSI, suggests the possibility of excessive bullishness. This may trigger profit booking. If so, Nifty could slide to 24833–24646. A breach below these supports may drag it further to 24457–24273.
  • Bank Nifty OUTLOOK:
  • SPOT: 55354.90  PCR: 0.90  Max CE OI: 63000  Max PE OI: 55000
  • On 16th May 2025, Bank Nifty closed at 55354.90. The index traded in a narrow range with an intraday high of 55418.90 and a low of 55170.25. It opened at 55276.00.
  • Technical View on Daily Chart:
  • Key technical levels on the daily chart are 55645 as resistance and 55064 as support. A breakout above 55645 could take the index to 55935, while a breach below 55064 may drag it down to 54700.
  • The RSI stands at 61. Levels below 30 indicate oversold conditions, and above 70 suggest overbought.
  • Bank Nifty Day SMA Analysis:
  • Bank Nifty is trading above all 8 key SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
  • It is trading below none of the SMAs.
  • A bullish candlestick pattern was identified in Bank Nifty.
  • • Inside Uptrend
  • Macros
  • 1. Dollar index @ 100.675
  • 2. Vix @ 17.24
  • 3.Brent Crude @ 65.25
  • 4.10 years bond yield @ 4.50
  • Note:
  • US and Asian stocks dipped as the US credit rating was downgraded amid mixed Chinese data. Moody’s downgraded the US rating by one notch, citing concerns over stretched government debt and the absence of clear measures to address it.
  • Chinese data was mixed—industrial production (IIP) grew more than expected in April, despite pressures from steep US trade tariffs. However, other indicators were weak. Retail sales grew less than expected, indicating continued weakness in consumer spending, while fixed asset investment, a key measure of business spending, also fell short of growth expectations.
  • As for Indian equities, as mentioned earlier, mid-cap and small-cap stocks are outperforming. Bullions have seen profit booking, as anticipated. Going forward, stock selection will be key—we need to focus on fundamentally strong stocks delivering good results, even within the same sector.
  • Contributed by
  • Ashok bhandari : INH000019549
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Panchkarma