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Nifty, Bank Nifty & Fin Nifty Technical Analysis

RBI Policy Aftermath: Markets React with Short Covering | 06 June 2025

Nifty, Bank Nifty & Fin Nifty Technical Analysis

Nifty 50 Technical Outlook

Market Snapshot (Live as of 28.05.2025)

  • Nifty 50: 23,450 ▲ 0.35% (82 pts)
  • Bank Nifty: 51,280 ▲ 0.52% (265 pts)
  • Fin Nifty: 22,180 ▲ 0.42% (92 pts)

  • Current Price: 24,826.20
  • RSI (14): 46.96 – Neutral
  • MACD (12,26): -18.72 – Bearish
  • Price Action: Nifty is facing resistance between 25,100 and 25,150, with strong support around 24,400. The RSI indicates a neutral stance, while the MACD suggests bearish momentum
  • Reliance Industries (▲1.2%) – Breaking out of consolidation, RSI 65
  • HDFC Bank (▼0.3%) – Weak at 200-DMA, RSI 48 (neutral)
  • ICICI Bank (▲1.1%) – Strong MACD crossover, RSI 63
  • Infosys (Flat) – Trading in 1,580-1,620 range
  • ITC (▼0.8%) – Breaking below 20-DMA, RSI 42 (bearish)

🏦 Bank Nifty – Technical Overview

  • Current Price: 55,352.80
  • RSI (14): Data not specified
  • MACD (12,26): Data not specified
  • Price Action: Bank Nifty is consolidating in a tight range, struggling to break above the resistance near 55,800. The index closed lower in the previous session, indicating cautious sentiment

Key Constituents Driving Movement

  1. HDFC Bank (▼0.3%) – Struggling at 200-DMA (1,650)
  2. ICICI Bank (▲1.1%) – Leading the charge, RSI 66
  3. Kotak Bank (▲0.7%) – Breaking out of falling wedge
  4. Axis Bank (▼0.2%) – Facing resistance at 1,180
  5. SBI (▲0.9%) – Strong volume breakout.

💼 Fin Nifty – Technical Overview

  • Current Price: Data not specified
  • RSI (14): Data not specified
  • MACD (12,26): Data not specified
  • Price Action: Fin Nifty is showing signs of consolidation. Specific technical indicators are not available at this time.
  • Bajaj Finance (▲1.4%) – Leading with RSI 73 (overbought)
  • SBI Cards (▼0.5%) – Profit booking after 12% rally
  • Cholamandalam (▲2.1%) – Volume breakout
  • HDFC Life (▲0.3%) – Testing resistance at 650
  • ICICI Pru (▲0.8%) – Fresh 52-week high
nifty1-1024x576 Nifty, Bank Nifty & Fin Nifty Technical Analysis

    Sector-Wise Impact Analysis

    SectorImpactKey DriverTechnical Outlook
    BankingPositiveICICI Bank, SBIBullish but overextended
    FinancialsVery PositiveBajaj Finance, CholaStrong momentum
    ITNeutralTCS, InfosysRangebound
    FMCGNegativeITC, HULBearish pressure
    Oil & GasPositiveRelianceBreakout mode

    Trading Strategy for Today

    • Nifty 50: Wait for confirmation above 23,550 for fresh longs
    • Bank Nifty: Caution at current levels – watch ICICI Bank leadership
    • Fin Nifty: Ride the momentum but watch for overbought conditions

    Key Risk Factors:

    • US Treasury yield movement
    • FII flows turning negative
    • Crude oil volatility

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    line-1-1024x30 Nifty, Bank Nifty & Fin Nifty Technical Analysis

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