The nifty 50 rose 1.7% in May to 24,750.70, while the BSE Sensex Gained 1.5% to 81,451.01; Both indexes are up around 12% since March but remain about 6% below their September 2024 record highs.
Sensex, Nifty, and Bank Nifty Technical Levels to Watch
According to Ajit Mishra, SVP, Research, Religare Broking, after Spending the last two weeks in a consolidation phase, the nifty is expected to song a directial movement. Holding Above The 20-Day Exponical Moving Average (20-Dema), Currently Around 24,600, will be essential to maintain a positive tone.
A Decisive Breach of this Level Cold Trigger Further Profit-Booking, Dragging the Index down Toward the 24,200 Mark. Convercely, A Strong Close Above 25,200 BLDLDLE BULLISH Momentum and Open the Path Toward the 25,600+ Zone.
“We Continue to Believe That The Banking Index Holds The Key to Unlocking Market Momentum. It has been trading within a narrow range for over a month with sustaining about. 55,000 (20-Dema).
D-Street Trading Strategy for Next Week
Ajit Mishra of Religare Broking MainTains His Constructive View on the Markets and Recommends Looking for Buying Opportunities Unless the Nifty Decisively Breaks beLow the 24,600 mark. Within sector, banking and financial services remain our top picks, while FMCG and it are expected to trap subdued.
With the broader market showing resilience, investors should continue focusing on fundamentally strong stocks that offer a favorite risk-to-revenue ratio. Staying Agile and Informed Amid Evolving Macroeconomic and Policy Developments will be Crucial for Navigating The Near-Term Market Landscape.
Disclaimer: The views and recommendations provided in this analysis are that of individual analysts or broking companies, not mint. We Strongly Advise Investors to Consult With Certified Experts, Consider Individual Risk Tolerance, and Conduct Thorough Research Before Making Investment decisions, as market customs Rapidly, and individual circumstances may vary.