
By: Naresh Sharma | Date : May 26, 26
| FII/FPI | +821.75Cr |
| DII | +3,856.88Cr |
| INDIA VIX | 15.67(-6.17%) |
| ADVANCE | 2114 |
| DECLINE | 950 |
| Nifty 50 | 23913.7(-0.49%) | Nifty Bank | 55092.9(-0.36%) |
| Sensex | 76009.7(-0.63%) | India Vix | 16.13(-3.41%) |
| Nifty50 Gainers | Nifty50 Loosers | ||
| ADANIENT | 4.33% | APOLLOHOSP | -1.65% |
| TMPV | 3.31% | WIPRO | -1.62% |
| TECHM | 1.71% | BHARTIARTL | -1.48% |
| ETERNAL | 1.34% | TRENT | -1.42% |
| NESTLEIND | 1.28% | TCS | -1.16% |
Nifty 50 closed in the red, shedding 118 points to settle at 23,913.70 and slipping back below the crucial 24,000 milestone. Despite a resilient show by the broader markets, with the mid-cap and small-cap indices outperforming. But heavy profit booking in private banks, consumer durables, and realty stocks dragged the Nifty50 down to its lowest point of the day i.e, 23,885.45. This shift into risk-off sentiment was triggered by fresh geopolitical friction, after the U.S. launched “self-defense” military strikes in southern Iran, re-igniting the tension in the middle east, thus sending Brent crude prices going towards $100 per barrel. Again if crude oil prices trades above $100 would revive the uncertainty inflation and elevated interest rates.
Bank Nifty faced substantial selling pressure, after touching the intra day high of 55,536.80, plunged by 200 points from previous close to settle the day at 55,092.90.Profit booking at higher levels pushed the index lower in red territory.The catalyst for this reversal was geopolitical friction in West Asia following U.S. military strikes in southern Iran, lifting the crude oil prices near $100 in Brent.Weakening currency also weighed on the index, as INR hit the intra day low of Rs95.69.With oil prices tinkering higher has reinstated the inflation fear, thus banking being the interest sensitive sector faced the lash.
Nifty energy gained 235.80 points. The energy prices gained momentum and went upto the level of $100, thus pushing the energy sector higher, amid escalating geopolitical risks in West Asia following fresh U.S. military strikes in southern Iran, supporting the energy sector as it increased the interest in upstream oil exploration, gas distribution, and energy heavyweights like Reliance Industries.
Nifty traded with positive bias and went to touch the high of 24,089, but failed to retain the momentum and plunged below 24,000 mark to settle the day at 24,913.70. Thus further upside in the index could only be witnessed if Nifty50 manages to trade above the level of 24,000 mark and sustain. However, failing to do so, may put pressure on the index and plunge towards its nearest support of 23,800.

| INDICES | CLOSING | %CHANGE | SUPPORT | RESISTANCE |
| NIFTY | 23,913.70 | -0.49% | 23,800 | 24,300 |
| BANK NIFTY | 55,092.90 | -0.36% | 54380 | 56480 |
| SECTORIAL INDICES |
| NIFTY IT | 28,978.50 | 0.00% | 27,000 | 29,630 |
| NIFTY PHARMA | 24,659.20 | -0.06% | 24,310 | 25,000 |
| NIFTY AUTO | 26,480.50 | 0.07% | 25,485 | 26,650 |
| NIFTY REALTY | 782 | -0.52% | 730 | 800 |
| NIFTY ENERGY | 40,814.60 | 0.58% | 40,400 | 41,120 |
| NIFTY FMCG | 50,277.35 | 0.14% | 49,700 | 51,490 |

Nifty50 declined -0.49%, opening at 24,004.10 near the crucial 30DMA, and initially witnessing upward momentum during the early hours before selling pressure emerged from higher levels; after hitting an intraday high of 24,089.80, the index slipped below the 30DMA and eventually closed weak at 23,913.70 on monthly expiry, indicating continued volatility and lack of sustained buying strength; the trend remains sideways to bearish as the index now trades below its 200DMA and 30DMA, though still above the 11DMA, reflecting mixed short-term momentum within a weak broader structure, while the RSI at 51.51 remains near the neutral zone; immediate resistance is placed at 24,180-24,350 and support at 23,800-23,650, where holding above 23,800 remains important, while a break below it could trigger renewed downside pressure.

Bank Nifty slipped -0.36%, opening at 55,311.80 and initially showing positive momentum by hitting an intraday high of 55,536.80, before selling pressure dragged the index below the 30DMA, eventually closing at 55,092.90; despite the decline, the trend remains sideways to bullish as the index still trades above the 11DMA, although it remains below the 200DMA and 30DMA, indicating cautious sentiment in the banking space, while the RSI at 53.17 reflects mildly positive momentum; immediate resistance is placed at 55,800-56,350 and support at 54,650-54,400, where a sustained move above 55,800 could improve sentiment further, while a break below 54,650 may revive bearish pressure.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY50 | 23650 | 24350 | Sideways to Bearish |
| BANK NIFTY | 54400 | 56350 | Sideways to Bullish |

Nifty Mid Select (Midcap Nifty) gained +0.79%, opening at 14,572.35 and witnessing strong upward momentum throughout the session, eventually breaking above the previous all-time high of 14,590 and hitting a fresh record high of 14,701.05, before closing strong at 14,675.60; the trend remains firmly bullish as the index continues to trade comfortably above its 200DMA, 30DMA, and 11DMA, reflecting strong participation in the midcap segment, while the RSI at 67.75 indicates strong momentum with potential for further upside, though some short-term consolidation near record highs cannot be ruled out; immediate resistance is placed at 14,830-15,050 and support at 14,590-14,500, where holding above the breakout zone of 14,590 remains crucial to maintain bullish momentum.

Nifty Metal advanced +1.10%, opening at 13,350.20 and continuing its bullish momentum throughout the session, hitting an intraday high of 13,516.36 before closing strong at 13,492.50, reflecting sustained buying interest in the metal space; the trend remains bullish as the index trades firmly above its 200DMA, 11DMA, and 30DMA, confirming strength across all major time frames, while the RSI at 65.64 suggests healthy momentum with room for further upside; immediate support is placed at 13,250-13,100 and resistance at 13,630-13,750, where a sustained move above 13,630 could extend the rally further, while holding above 13,250 remains important to maintain the bullish structure.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY MID CAP SELECT | 14590 | 14830 | Bullish |
| NIFTY PSU BANK | 13250 | 13630 | Bullish |
| PRODUCT | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
| NIFTY50 | 23632 | 23759 | 23836 | 23963 | 24041 | 24167 | 24245 |
| BANKNIFTY | 54312 | 54646 | 54870 | 55203 | 55427 | 55760 | 55984 |
| FINNIFTY | 25526 | 25706 | 25819 | 25999 | 26112 | 26292 | 26406 |
| MIDCPNIFTY | 14428 | 14488 | 14582 | 14641 | 14735 | 14795 | 14889 |
| NIFTYNXT50 | 70249 | 70450 | 70698 | 70898 | 71146 | 71347 | 71594 |
| Category | Net Value(₹ Crores) |
|---|---|
| DII | +1,361.43 |
| FII/FPI | -2,407.87 |
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