NIFTY 50 Market Analysis: Range, Technicals, and Monthly Expiry Outlook

NIFTY 50 Current Range and Market Context

The NIFTY 50 is currently trading around 25,001.15 INR, reflecting a 0.60% gain over the past 24 hours as of May 26, 2025. The index has shown volatility, with a recent high of 26,277.35 INR on September 27, 2024, and a year-to-date increase of 9.03%. The GIFT Nifty is trading at 25,177, up 97 points, signaling a potential gap-up opening. Resistance is near 25,100, with support around 24,500.

Global Influences

• US Futures: Mixed, with no clear direction, reflecting Wall Street uncertainty.

• Brent Crude: Down over 2% due to US-Iran nuclear deal hopes, easing inflation concerns.

• Gold: Stable but lacks strong bullish momentum.

• US Dollar: USD/INR at 85.32; a stronger rupee supports market sentiment.

Today’s NIFTY 50 and Bank NIFTY Performance

• NIFTY 50: Closed at 25,062, up 395 points in the last session. Today, it opened at 25,025.95, down 36.15 points. Holding above 25,000 is key, with resistance at 25,140 and supports at 24,940–24,750.

• Bank NIFTY: Closed at 55,355, up 554 points. Trading in a broken descending channel, with support at 55,200 and resistance at 55,520.

Top 10 NIFTY 50 Constituents: Technical Analysis

1. Reliance Industries: ~₹226.81B market cap. Near ₹3,050 resistance, support at ₹2,950. RSI at 55.

2. HDFC Bank: ~₹173.98B market cap. At ₹1,700, support at ₹1,650. Bullish MACD.

3. TCS: ~₹149.39B market cap. Testing ₹4,200 resistance, support at ₹4,100. RSI at 60.

4. ICICI Bank: At ₹1,250, support at ₹1,200. RSI nearing 65.

5. Infosys: At ₹1,900, support at ₹1,850. RSI at 58.

6. Hindustan Unilever: At ₹2,800, support at ₹2,750. RSI at 50.

7. ITC: At ₹500, support at ₹490. Oversold Stochastic.

8. Kotak Mahindra Bank: At ₹1,850, support at ₹1,800. Bullish MACD.

9. Bharti Airtel: At ₹1,400, support at ₹1,350. RSI at 45.

10. SBI: At ₹850, support at ₹820. RSI at 62.

Put-Call Ratio (PCR) and Monthly Expiry Outlook

The PCR is not explicitly quoted but suggests caution due to high option premiums. Key levels for May expiry: resistance at 25,100–25,200, support at 24,600–24,500. Volatility is expected due to global uncertainties and FII activity.

Conclusion

The NIFTY 50 is testing 25,000, with global and domestic factors driving volatility. Banking stocks show strength, but IT remains mixed. A buy-on-dips strategy may work if support holds, but traders should brace for expiry volatility.