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Nifty 50 Nifty Bank Analysis for March 26, 2025
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Nifty Bank & Nifty 50 Target & Stoploss Analysis
Nifty Bank (51608)
On Tuesday, BankNifty showed correction by midsession and moved down to close at 51608, down by 97 points. Now On Wednesday, at the opening bell, BankNifty is expected to profit booking may resume. The support level is 51337 with resistance at 51971
*On lower side, it is expected to decline to 51337
*On higher side, it is expected to move up to 51971
Nifty 50 (23668)
On Tuesday, Nifty showed downtrend by midsession and moved down to close at 23669, up by 10.30 points. Now On Wednesday, at the opening bell, Nifty is expected to profit booking and then uptrend may resume. The support level for today is 23557 with resistance at 23825
*On lower side, it is expected to decline to 23557
*On higher side, it is expected to move up to 23825
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Technical Analysis of the Market by Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities
After witnessing a sharp upmove over the last six sessions, Nifty slipped into weakness from the highs and closed the day with minor gains. After opening with positive note, the market continued its upside momentum in the early part of the session. But later it failed to sustain the crucial hurdle of 23800 levels (lower top of February 25) for long time and started to show weakness from the highs in the mid to later part of the session.
A small red candle was formed on the daily chart with upper and lower shadow. Technically, this market action signals an emergence of selling pressure from the overhead resistance of around 23800 levels with high volatility. The overall market breadth was negative with weakness was seen in broad market indices.
The near-term uptrend of Nifty remains intact. Having bounced back sharply in the last 5-6 sessions the correction from the highs was due. However, the present consolidation or dip is unlikely to damage the underlying uptrend of the market.
Immediate support to be watched around 23400 and any consolidation or minor weakness could be a buying opportunity. On the upper side, a decisive move above 23900 could open further upside towards 24200 levels.
What is Vaishali Parekh’s prediction for Nifty 50?
(Vice President — Technical Research at Prabhudas Lilladher)
Market Preview
Following a participatory rally, the Indian stock market continued its bull run for the sixth consecutive session on Monday. The Nifty 50 index turned green in YTD after finishing 307 points higher at 23,658. The BSE Sensex gained 1,078 points and ended at 77,984, while the Bank Nifty index ended 1,111 points northward at 51,704. All the sectoral indices ended in the green. The top gainers were Nifty PSU Banks, Nifty Private Banks, Reality, and OIL/GAS.
The mid and small-cap segments continued their winning streak for the sixth session, mirroring the overall market’s strength. The Nifty Midcap 100 index rose by 1.30%, and the Nifty Small-cap 100 index surged by 1.10%. Market breadth remained positive for the fifth straight day, with the BSE advance-decline ratio at 1.53. The NSE cash market volumes were higher by 9% compared to the average of the last ten days.
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Vaishali Parekh, Vice President at Prabhudas Lilladher, believes the Indian stock market sentiment is positive. The Nifty 50 index almost touched 23,800. The Prabhudas Lilladher expert said the frontline index is poised to touch 24,200 and 24,700 levels soon.
Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said, “The Nifty 50 index, continuing with the robust move, has indicated a V-shaped recovery with the bulls gaining strength over the bears, almost reaching the previous peak of 23,800 zones. With further targets of 24,200 and 24,700 expected, the bias and sentiment have turned overall positive as of now. The important 50-EMA zone of 23,000 shall be positioned as the major support from here, which needs to be sustained.”
“The Bank Nifty index, with a series of strong bullish candle formations on the daily chart, has decisively moved past the important 200 periods MA at 51,000 to strengthen the trend, and with the sentiment turned positive, one can expect a further rise in the coming days. As mentioned earlier, further targets of 52,400 and 53,800 are open with 50,500 zones maintained as the near-term support,” said Parekh.
Parekh said that today, the Nifty’s support is 23,500, while the resistance is 23,900. The Bank Nifty would have a daily range of 51,200 to 52,400.
Share Market today live & Nifty Analysis by Shrikant Chouhan
Head, Equity Research Kotak Securities
Today, the benchmark indices witnessed some profit booking at higher levels. The Nifty ends 10 points higher, while the Sensex was up by 33 points. Among sectors, the IT index was the top gainer, gained nearly 1 percent, whereas profit booking was observed in the Defence and PSU Bank indices, both of which shed nearly 2 percent. Technically, after an early morning intraday rally, the market witnessed profit booking at higher levels. On the daily charts, a shooting star kind of formation has formed, indicating potential weakness from the current levels.
We are of the view that after a promising uptrend rally, the market is currently experiencing some profit booking at higher levels. However, the short-term texture of the market remains positive. For day traders, 23,600/77700 would be the key support zone. Above this level, the market could retest the range of 23,850/78300 to 23,900/78500. On the flip side, a dismissal of 23,600/77700 could alter market sentiment. Below this level, the market could slip to 23,500 to 23,450/77300-77200.
Analysis by Mr. Devarsh Vakil, Head of Prime Research HDFC Securities
Indian equity markets concluded a tumultuous session on Tuesday, registering marginal gains and extending their winning streak to seven days. Initial bullish momentum, spurred by a robust global market rally, dissipated as banking, metal, and pharmaceutical sectors faced selling pressure.
NSE cash market volumes surged by 13% compared to the 10-day average, indicating heightened trading activity. HDFC Bank bolstered the Nifty, rising 1.2%, while UltraTech Cement led gainers with a 3.4% ascent.
The Indian rupee snapped its nine-day appreciation, depreciating by 11 paisa to ₹85.75 against the dollar, attributed to month-end dollar demand from importers.
Midcap and smallcap indices witnessed profit booking after six consecutive sessions of gains. The Nifty Midcap 100 index retreated 1.06%, and the Nifty Smallcap 100 index corrected by 1.56%.
The advance-decline ratio on the NSE turned negative at 0.30, signalling more decliners than advancers after six days of positive breadth. Sectoral indices, barring IT and Private Banks, closed in the red, with Consumer Durables, PSU Banks, Realty, and Metal sectors experiencing significant losses.
Following a 1,900-point recovery from recent swing low of 21964, the Nifty appears to have entered a consolidation phase. While the overall bullish trend persists, support is anticipated at 23,400. Short-term resistance is pegged at 23,869, with further resistance at 24,125.
Analysis by Om Mehra, Technical Analyst, SAMCO Securities
No updates for today
Analysis by Rajesh Bhosale, Technical Analyst, Angel One Ltd – Angel One
No update for today
Analysis by Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities
Nifty Unleashes Bullish Firepower, Poised for Higher Levels Next Week
Nifty ended the session at 23,350.40, posting a 0.69% gain and delivering a stellar weekly performance with a 4.26% surge. The index formed a bullish engulfing candle on the weekly chart, with both the open and low aligning—highlighting a strong bullish outlook. The 9 EMA is on the verge of a bullish crossover with the 50 EMA, signalling upward momentum. The daily RSI remains comfortably above 65, a zone that typically reflects sustained strength and bullish undertones. The resistance is placed at 23,410, aligning with the 78.6% Fibonacci retracement level, followed by the 100 DMA at 23,500, which could act as an immediate hurdle.
Nifty exhibits a higher high and higher low formation on the daily chart, confirming the uptrend. However, given the steep rally, a short-term pullback would be constructive, allowing the index to consolidate and build a stronger base for the next leg rally. The support remains at 23,240 followed by 23,180, which could act as a cushion in case of any near-term retracement.
Nifty Bank closed the session at 50,593.35, gaining 1.06% and surpassing its previous swing high of 50,642, recorded on February 7, 2024, in the intra-day trades. The index posted an impressive 5.27% weekly gain, forming a strong bullish candle that signals a trend turning bearish to bullish. Nifty Bank is now holding above the 100 DMA, with the 9 EMA crossing above the 20 EMA—an additional confirmation of a strengthening bullish outlook. The daily RSI hovers near the 70 mark, signalling robust momentum. After a sharp rally, a pullback may occur, which could present a fresh buying opportunity. The support is placed at 50,000, while resistance is seen at 51,100.
Market wrap up by Mr. Osho Krishnan, Sr. Analyst, Technical & Derivatives of – Angel One
Bulls on a roll; Nifty conquered 23650
The Indian markets began the new week on a positive note, drawing inspiration from developments in GIFT Nifty and a notable shift in market sentiments. After a gap-up opening, the bulls took charge and sustained their buying momentum, which led the benchmark index to surge into the 23700 zone. Ultimately, the Nifty50 index maintained its upward trend for the sixth consecutive session and closed above 23650, securing a gain of 1.32 percent.
The key developments of conquering one hurdle after another highlight the Bulls’ renewed enthusiasm and determination after a significant period of hibernation. The broad participation, coupled with the consecutive runaway gaps in the benchmark index, portrays a vivid picture of the prevailing market sentiment. It clearly indicates a robust underlying trend that strongly favors bullish movements, suggesting that optimism is permeating the market landscape once again. From a technical standpoint, the 23500 zone, followed by the 89 DEMA coinciding with the recent bullish gap of 23433-23400, is likely to cushion any shortcomings in the near period. On the flip side, the swing high of Feb’25 around 23800 seems the intermediate potent resistance, followed by 24100 (200 DSMA) in the comparable period.
Looking ahead, we have a promising opportunity to capitalize on the significant shifts in market trends alongside the strong momentum as we approach the monthly expiry. With a positive outlook, one must consider dips in the market as valuable buying opportunities. Implementing a trailing stop loss will also help effectively in securing profits as we navigate this dynamic environment.
Weekly market analysis by Amol Athawale, VP-Technical Research, Kotak Securities:
In the last week, the benchmark indices witnessed a stellar rally, with the Nifty gained 4.25 percent, while the Sensex was up by 3070 points. Among sectors, all the major sectoral indices traded in positive territory, with the Capital Market and Defense indices gaining the most. The Capital Market rallied by 14 percent, and the Defense index gained over 10 percent. During the week, the market successfully cleared the short-term resistance of 22,700/75000, and post-breakout, the positive momentum intensified. It also surpassed the 20 and 50-day Simple Moving Averages (SMA), which is largely positive.
Technically, on weekly charts, a long bullish candle has formed, and on daily and intraday charts, it is holding a higher bottom formation, which supports further upward movement from the current levels. We are of the view that the short-term market texture is bullish; however, due to temporary overbought conditions, we could see some profit booking at higher levels. For traders, buying on dips and selling on rallies would be the ideal strategy.
In the near future, 23,100/75800 and the 50-day SMA or 23,000/75400 would act as key support zones, while 23,500-23,700/77400-78000 could be the key resistance areas for the bulls. However, if it falls below 23,000/75400, the sentiment could change, and traders may prefer to exit from their long positions.
For the Bank Nifty, it rallied over 5 percent last week and is currently trading comfortably above the 50,000 mark. For the trend, traders should consider 50,000 and 49,700 as key support zones, while the 200-day SMA at 51,000 and 51,300 could serve as crucial resistance areas for positional traders.
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