
By: Naresh Sharma | Date : May 25, 26
| FII/FPI | -4,440.47Cr |
| DII | +6,003.53Cr |
| INDIA VIX | 17.03(-4.91%) |
| ADVANCE | 2382 |
| DECLINE | 629 |


NIFTY INDEX DAILY REPORT (Research Report) 25 May 26
Nifty index daily report gives insights on daily performance of major sectors and factors that affecting the movement on daily basis along with near term support and resistance of Key sectors.

Nifty rallied +1.32%, opening gap-up at 23,940.25 and trading in a tight 50-55 point range for most of the session around the crucial 30DMA (23,986), before witnessing a breakout in the final trading hours that pushed the index to an intraday high of 24,054.45, eventually closing strong at 24,031.70; the trend has improved to sideways to bullish as the index now trades above its 11DMA and 30DMA, although it still remains below the 200DMA, indicating strengthening short-term momentum within a cautious broader structure, while the RSI at 54.35 reflects improving bullish sentiment; immediate resistance is placed at 24,180-24,350 and support at 23,800-23,650, where a sustained move above 24,180 could extend the recovery further, while holding above 23,800 remains important to maintain the bullish bias.

Bank Nifty surged +2.29%, opening gap-up at 54,610.55 and largely trading in a narrow range of 54,900-55,125 during most of the session, before witnessing a strong breakout in the final trading hour that pushed the index above the crucial 30DMA (55,174) to an intraday high of 55,405.20, eventually closing strong at 55,293.65; the trend has improved to sideways to bullish as the index now trades above its 11DMA and 30DMA, though it still remains below the 200DMA, indicating strengthening short-term momentum within a cautious broader setup, while the RSI at 54.68 reflects improving bullish sentiment; immediate resistance is placed at 55,800-56,350 and support at 54,650-54,400, where a sustained move above 55,800 could extend the recovery further, while holding above 54,650 remains crucial for maintaining bullish momentum.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY50 | 23650 | 24350 | Sideways to Bullish |
| BANK NIFTY | 54400 | 56350 | Sideways to Bullish |

Nifty Mid Select (Midcap Nifty) gained +1.24%, opening gap-up at 14,529.15 and then trading in a narrow range of nearly 80-85 points during most of the session, while hitting an intraday high of 14,577.35 near the previous all-time high resistance zone of 14,590, before closing strong at 14,559.90; the trend remains firmly bullish as the index continues to trade comfortably above its 200DMA, 30DMA, and 11DMA, confirming sustained strength in the midcap segment, while the RSI at 65.53 indicates strong momentum with room for further upside; immediate resistance is placed at 14,590-14,830 and support at 14,450-14,300, where a decisive breakout above 14,590 could trigger fresh all-time highs and extend the rally further.

Nifty PSU Bank rallied +2.90%, opening gap-up at 8,102.40 and maintaining a positive bias throughout the session, initially trading in a range-bound manner before witnessing a breakout in the final trading hour that helped the index cross above the crucial 200DMA, hitting an intraday high of 8,258.05 and eventually closing strong at 8,238.10; however, the trend still remains sideways, and today’s move can be considered more of a relief rally, as the index needs to sustain consistently above the 200DMA to confirm a stronger bullish reversal, while the RSI at 47.22 indicates improving momentum but still below strong bullish territory; the index currently trades above its 11DMA and 200DMA but below the 30DMA, reflecting mixed technical signals; immediate support is placed at 8,050-7,880 and resistance at 8,475-8,750, where a sustained move above 8,475 could improve the broader outlook further.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY MID CAP SELECT | 14300 | 14830 | Bullish |
| NIFTY PSU BANK | 7880 | 8750 | Sideways |
| PRODUCT | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
| NIFTY50 | 23820 | 23871 | 23952 | 24003 | 24083 | 24135 | 24215 |
| BANKNIFTY | 53973 | 54282 | 54788 | 55097 | 55602 | 55911 | 56417 |
| FINNIFTY | 25537 | 25667 | 25885 | 26015 | 26233 | 26363 | 26580 |
| MIDCPNIFTY | 14430 | 14463 | 14511 | 14544 | 14593 | 14626 | 14675 |
| NIFTYNXT50 | 69982 | 70187 | 70501 | 70706 | 71020 | 71224 | 71539 |
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