Nifty, Bank Nifty & Fin Nifty Technical Analysis
By CapitalKeeper | Nifty & Bank Nifty | Indian Equities | Market Moves That Matter
Nifty & Bank Nifty Signals
Nifty 50, Bank Nifty & Fin Nifty Technical Outlook – June 2, 2025
Nifty 50 – Current Price: ₹24,641
- RSI (14): Approximately 45.3, indicating a neutral momentum.
- MACD (12,26): Around -24.5, suggesting a bearish crossover.
- Price Action: Nifty is trading below its recent high of 24,750, facing resistance near 24,930. Support levels are observed at 24,500 and 24,448.
Impacting Stocks:
- Positive Contributors: Reliance Industries, HDFC Bank, and Infosys are showing strength, providing support to the index.
- Negative Contributors: ITC and Tata Motors are underperforming, exerting downward pressure.
🏦 Bank Nifty – Current Price: ₹55,694
- RSI (14): Approximately 57.5, indicating a bullish momentum.
- MACD (12,26): Around 96.0, showing a strong bullish crossover.
- Price Action: Bank Nifty is trading above its immediate support of 55,300, with resistance near 56,000. The index is maintaining an upward trajectory.
Impacting Stocks:
- Positive Contributors: ICICI Bank and Axis Bank are leading the gains, bolstering the index.
- Negative Contributors: State Bank of India is showing slight weakness, limiting the upside.
💼 Fin Nifty – Current Price: ₹26,501
- RSI (14): Approximately 43.5, indicating weakening momentum.
- MACD (12,26): Around -9.1, suggesting a bearish crossover.
- Price Action: Fin Nifty is facing resistance near 26,645 and has support around 26,300. The index is exhibiting signs of consolidation.
Impacting Stocks:
- Positive Contributors: Bajaj Finance and HDFC Life are showing resilience, aiding the index.
- Negative Contributors: Jio Financial Services is underperforming, dragging the index lower.
🔍 Summary
- Nifty 50: Neutral momentum with potential resistance at 24,930.
- Bank Nifty: Bullish momentum, likely to test 56,000 resistance.
- Fin Nifty: Weakening momentum, with consolidation between 26,300 and 26,645.
Traders should monitor key support and resistance levels, along with RSI and MACD indicators, to make informed decisions.
Closing Note from Capital Keeper
With expiry dynamics at play and FII positions lightening, the near-term view is not yet panic-worthy. Volatility is easing, and select sectors are ready to lead the charge.
Focus remains on stock-specific action within Smallcaps, Midcaps, and PSU themes.
Buy dips until 24400 holds; but manage risk if we see weakness below 24684.
Stay tuned for real-time updates, and trade with discipline.
Conclusion:
The Indian equity markets are currently navigating through mixed signals, with Nifty 50 showing signs of consolidation, Bank Nifty exhibiting neutral momentum, and Fin Nifty displaying cautious optimism. Traders and investors should monitor key support and resistance levels, along with global economic developments, to make informed decisions.
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