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Sensex & Nifty Set for a Bullish Takeoff: Will the Rally Continue?

Updated: May 26, 2025 08:37

Image Source : theweek.in
Indian stock markets are expected to open higher on May 26, tracking strong global cues and positive domestic trends. The Gift Nifty was trading 55 points higher, signaling a bullish start for the benchmark indices.
 
Key Highlights:
 
Sensex & Nifty Outlook: The Sensex closed at 81,721.08 (+769 points), while Nifty 50 ended at 24,853.15 (+243 points) on May 23, indicating strong momentum.
 
Technical Indicators: Nifty formed a bullish candle on the daily chart, holding above the 21-Day Exponential Moving Average (21-DEMA), suggesting upside potential.
 
Resistance & Support Levels:
 
Nifty: Immediate resistance at 25,000, with potential upside to 25,200–25,250. Support at 24,500.
 
Sensex: Key resistance at 82,300, with a breakout possibly pushing it to 82,700–83,600.
 
Global Market Influence: Asian markets traded higher, with KOSPI up 1% and Nikkei gaining 0.35%. However, Trump’s tariff concerns may weigh on investor sentiment.
 
Institutional Activity: Foreign Institutional Investors (FIIs) net bought ₹1,794 crore worth of equities, signaling strong buying interest.
 
Investors should watch for breakout levels and sector-specific movements, as banking, IT, and FMCG stocks continue to drive market momentum.
 
Source: MSN, Business Standard, Moneycontrol

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