Mid-Day Market Analysis : Nifty Struggles at Resistance, Bank Nifty Shows Strength
By CapitalKeeper | Mid Day | Indian Commodities | Market Moves That Matter
As we approach the halfway mark of the trading session on 28th May 2025, Indian equity benchmarks are displaying mixed signals amid subdued global cues and stock-specific movements. In this Mid-Day Market Analysis, CapitalKeeper decodes the indices, sectors, and top stock movers through a technical lens to help traders and investors make informed decisions.
📈 Benchmark Indices Snapshot (as of 12:30 PM)
- Nifty 50: 24,835 ▼ 0.20%
- Bank Nifty: 55,610 ▲ 0.47%
- Fin Nifty: 22,365 ▲ 0.39%
- India VIX: 13.21 (Volatility remains contained)
🔍 Sector-Wise Technical Overview
🏦 Banking & Financials – Strong Momentum
- Bank Nifty has rebounded strongly, gaining over 250 points.
- RSI in several banking stocks like ICICI Bank and HDFC Bank is trending above 55.
- MACD crossover is bullish in key financial names.
- Positive flows into financials suggest continued strength for intraday traders.
💻 IT Sector – Bearish Bias
- Stocks like Infosys and TCS are underperforming.
- MACD remains below the signal line.
- RSI hovering around 40 indicates weak momentum.
- US tech sell-off overnight has weighed on Indian IT counters.
⚙️ Auto Sector – Mild Recovery
- Bajaj Auto and Tata Motors are showing intraday recoveries.
- RSI pushing above 50 on hourly charts indicates improving sentiment.
- Price action forming a higher low pattern – early signs of accumulation.
🏗️ Infrastructure & Metals – Sideways
- Stocks like L&T and JSW Steel are witnessing range-bound movement.
- No clear breakouts; RSI and MACD remain neutral.
- Awaiting breakout above recent swing highs for confirmation of strength.
💥 Top 5 Mid-Day Active Stocks (28 May 2025)
1. ICICI Bank (₹1,210.75, +0.70%)
- RSI: 61
- MACD: Bullish crossover
- Price Action: Forming a bullish flag on the hourly chart. Strong volume support seen.
2. Reliance Industries (₹2,422.10, -0.20%)
- RSI: 49
- MACD: Weak signals persist
- Price Action: Consolidating between ₹2,400–2,450. Crucial breakout awaited.
3. HDFC Bank (₹1,690.55, +0.55%)
- RSI: 58
- MACD: Trending up
- Price Action: Strong buying on dips. Forming higher highs since the opening.
4. Bajaj Finserv (₹2,033.80, +1.15%)
- RSI: 63
- MACD: Positive crossover
- Price Action: Momentum-driven rally, ideal for short-term traders looking for follow-through.
5. Tata Motors (₹1,104.45, +0.30%)
- RSI: 52
- MACD: Near signal crossover
- Price Action: Bouncing off moving averages; showing signs of intraday reversal.
🔎 Technical Summary
- Nifty is facing stiff resistance near 24,900–25,000 zone. A break above this may lead to short-covering.
- Bank Nifty has taken the lead and is supporting overall sentiment.
- Fin Nifty is maintaining positive bias and could test 22,500 if momentum sustains.
🌐 Global Cues & Dollar Index Impact
- Asian markets are mixed with Nikkei in the red and Hang Seng marginally up.
- Dollar Index (DXY) trading at 104.1 – keeping IT stocks under pressure.
- Crude Oil prices are firming up, supporting select energy counters.
📝 CapitalKeeper’s Takeaway
Today’s mid-day session reflects sectoral rotation, with financials taking the lead, while IT drags the indices. For intraday traders, focus remains on Bank Nifty and Bajaj Finserv for long-side trades. Keep an eye on breakouts in Reliance and momentum shifts in autos.
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