Nifty and Bank Nifty Prediction for Tomorrow 25 May 2023
Nifty and Bank Nifty Prediction for Tomorrow 25 May 2023: Indian equity market indexes ended the volatile session with moderate losses on Wednesday, snapping a 3-day winning streak. The market sentiment was hit due to the slow progress of the US debt ceiling negotiation talks. Investors also remained cautious ahead of the minutes of FOMC’s last meeting, which will release later in the day.
Among the sectors Pharma, Media, and FMCG stocks were in demand while selling pressure was witnessed in Metal, Financial, and banking stocks. The market breadth was negative today. The broader markets outperformed the benchmarks, as the Nifty mid and smallcap index closed higher by 0.21 percent and 0.01 percent respectively.
At the close, Nifty and Sensex ended lower by 0.34 percent each on Wednesday. You can read the detailed market updates here.
Nifty and Bank Nifty futures price movement for 24 May
The Nifty futures price opened at 18301, making a negative opening of 64.80 points. It has touched an intraday high of 18394.50 and a day’s low of 18265.20
The Nifty futures price has given a movement of 129.3 points. In the end, it closed lower by 65.35 points or 0.36 percent and ended at 18300.45 levels.
The Bank Nifty futures opened at 43825.40 It opened negative by 156.1 points. The Bank Nifty futures touched an intraday high at 44014.55 and a day’s low at 43679.15
During the day, the Bank Nifty futures have given a movement of 335.4 points. In the end, it closed lower by 268.50 points or 0.61 percent and closed at 43713 levels.
Nifty & Bank Nifty Prediction for Tomorrow 25 May 2023
Nifty Futures Prediction for Tomorrow 25 May 2023
Primary Trend in Nifty Futures: Mild Negative and Volatile
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18350 whereas All Down Moves Initiates Short Covering (Buy) @ 18200
If the Nifty futures (May Series) share price Moves Above 18328 and sustains. Then you should Buy with the 1st Target of 18350 during the day with a Stop Loss of 18300 FOR the Target of 18350- 18394- 18425- 18457
If the Nifty futures (May Series) share price Moves Below 18265 and is sustained. Then you should Sell with the 1st Target of 18235 for the day with a Stop Loss of 18290 For the Target of 18235- 18205- 18180- 18158
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Bank Nifty Futures Prediction for Tomorrow 25 May 2023
Primary Trend in Bank Nifty Futures: Negative and volatile
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 44000 whereas All Down Moves Initiates Short Covering (Buy) @ 43550
Suppose the Bank Nifty futures (May Series) Moves Above 43880 and sustain, then you should Buy with the 1st Target of 43950 during the day with a Stop Loss of 43780 and the Target of 43950- 44020- 44100- 44185
If the Bank Nifty futures (May Series) Moves Below 43640 and sustain, then you should Sell with the 1st Target of 43535 the day with a Stop Loss of 43720. For the Target of 43535- 43460- 43380- 43285
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Global Stock Market Updates
On the global front, Asian stock markets ended lower following negative cues from US markets overnight. Investor’s concern over the slow progress of the U.S. debt ceiling and the possible repercussions if a deal is not struck before the deadline. Another round of US debt ceiling talks ended on Tuesday with no resolutions and that creates anxiety around the region’s trading floors.
Shanghai index closed lower at a four-month low, as geopolitical tension continues to weigh on investor’s sentiment. Hang Seng as tech stocks drag while Nikkei ended lower for the second consecutive day. South Korea’s Kospi snapped a seven-day winning streak and ended almost flat on Wednesday.
European stock markets are trading sharply lower on Wednesday, as the slow progress of the US debt ceiling dampened the market sentiments. The sentiments got hit after the latest data showed UK inflation fell by less than expected, indicating another rate hike by the BoE next month. The US future indexes, Dow and Nasdaq futures are trading lower at 5.30 pm IST
Conclusion
Indian stock markets ended lower following the weakness in the global markets. Profit booking in metals, financial, and banking stocks dragged the markets today. The domestic markets are expected to remain volatile tomorrow due to the monthly F&O expiry and the minutes of the Fed’s last meeting to be released later in the day.
Traders should remain cautious tomorrow and trade with strict stop loss. You can follow our Daily Morning Report at 7.30 am for market direction.
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