BANK NIFTY
As on 07 May, 2025 03:49pm.
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0.00 (0.00%)
*As mandated by Exchange & other statutory authorities, the data feeds are delayed by 15 mins.
Range
Daily
52 Weeks
Daily Low
Daily High
0.00
0.00
Open
0.00
Prev.Close
0.00
Volume
0
Short term - Technical Outlook
The Bank Nifty index closed at 54,271, down by 648 points in the latest session. It faced resistance at higher levels and formed weak candles on the daily chart, signaling hesitation and possible profit booking near key resistance zones. The domestic equity market may see further volatility due to geopolitical tensions between India and Pakistan, following reports of Operation Sindoor India, which may lead to escalated regional risk sentiment. We are expecting further weakness in Bank Nifty.
Additionally, the US Fed interest rate meeting scheduled for today could add volatility to global markets, as inflation concerns continue to weigh on investor sentiment. The outcome of this meeting may impact market movement, particularly in the global banking and financial sectors.
On the positive side, sustained buying from foreign institutional investors (FIIs) could support market sentiment. FIIs bought shares worth 7062 crore, while DIIs were net sellers for 1397 crore, indicating broad-based institutional support despite recent market weakness.
Short term Research Report Call
Buy Above: 54,400 | Targets: 54,600, 54,900, 55,400 | Stop-loss: 54,200
Sell Below: 54,100 | Targets: 53,800, 53,400, 53,000 | Stop-loss: 54,300
Short term Chart
Long term - Technical Outlook
Bank Nifty faced resistance at higher levels, forming weak candles on the daily chart. In the last session, it closed at 54,271, down by 648 points. Technically, holding above 55,000 could keep the sentiment positive for the Indian market. However, on the daily timeframe, it is forming a pattern resembling a double top, which indicates bearishness. Holding below 54,500 could be unfavorable for Bank Nifty.
Long term Research Report Call
Buy Above: 55,800 | Targets: 56,300–56,800 | Stop-loss: 55,500
Sell Below: 54,300 | Targets: 53,700, 52,600 | Stop-loss: 54,700
Long term Chart
Market View
May 7th 2025
Market View
Resistance 55,000
Support 54,000
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
6 May 2025
+3,794.52
-1,397.68
MTD-May (Cr)
May
+7,062.12
+4,681.47
Indian equity markets opened on a volatile note today as geopolitical tensions escalated following the launch of ‘Operation Sindoor’ by India, targeting nine terror camps across Pakistan in retaliation for the April 22 Pahalgam attack that claimed 26 lives.The BSE Sensex opened above the 80,000 mark and is currently trading near 80,500, while the Nifty 50 is hovering around 24,300–24,400. The India Volatility Index (VIX) surged over 3%, indicating increased investor caution amid uncertain global cues.Apart from the geopolitical developments, early Asian markets were mostly trading in the green. However, sentiment remained mixed after U.S. markets closed lower on Tuesday. Major U.S. indices declined between 0.77% and 0.95%, following uncertain remarks from U.S. President Donald Trump regarding global trade relations.Investors are expected to track developments around Operation Sindoor closely, along with global market cues, for short-term direction.
Global Market
May 8th 2025
NASDAQ
USA
17,738.16
48.5 0.27
8th May
Dow Jones
USA
41,206.32
92.35 0.22
8th May
FTSE
UK
8,559.33
-38.09 -0.45
7th May
DAX
GERMAN
23,115.96
-133.69 -0.58
7th May
GIFT Nifty
Singapore
24,400.5
-17.5 -0.07
8th May
NIKKEI 225
Japan
36,843.56
63.9 0.17
8th May
Shanghai
China
3,341.45
-1.22 -0.04
8th May
S&P 500
USA
5,631.28
24.37 0.43
8th May
Market at Closing
March 20th 2025
Top Gainers
| BHARTIARTL | 1,704 66.85 4.08 |
| TITAN | 3,183.05 106.75 3.47 |
| EICHERMOT | 5,234 133.1 2.61 |
| BAJAJ-AUTO | 7,920 198.15 2.57 |
Top Losers
| INDUSINDBK | 685 -7.7 -1.11 |
| BAJFINANCE | 8,680 -51.6 -0.59 |
| TRENT | 5,215 -15.85 -0.3 |
| SHRIRAMFIN | 666.3 -1.65 -0.25 |
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
54527.34
R1
54695.51
R2
54871.32
R3
55184.72
Stop Loss
54328.59
Pivot
54405.03
(All values are in INR)
Sell Below
54282.73
S1
54114.56
S2
53938.75
S3
53625.35
Stop Loss
54481.47
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 56139.70 | 55654.57 | 55169.43 | 54890.17 | 54405.03 | 54125.77 | 53640.63 | 53361.37 | 53082.10 |
| Woodie | 56749.70 | 55757.50 | 55220.90 | 54993.10 | 54456.50 | 54228.70 | 53692.10 | 53464.30 | 52163.30 |
| Camarilla | 55031.32 | 54821.11 | 54751.04 | 54680.97 | 54405.03 | 54540.83 | 54470.76 | 54400.69 | 54190.48 |
Moving Averages
Bullish
Bearish
EMA
SMA
5 Day
47447.63
10 Day
45809.25
20 Day
44886.61
50 Day
43678.23
100 Day
42725.12
200 Day
41447.30
Momentum Oscillators
Stoch RSI
50.00
ROC
-1.25
Ultimate
48.54
Williams
-49.37
CCI
24.24
Stochastic
55.49
RSI
53.57
Bullish
0
Bearish
1
Neutral
6
Trend Oscillators & Volatility
ATR
405.68
Low Volatility
MACD
586.50
Bullish
Bullish
1
Bearish
0
Neutral
0
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
| HDFCBANK | 1945.6 | 0.7196 | 1488744.72 | Banks | 3 / 9 |
| HDFCBANK | 604.5 | 1.0616 | 1488744.72 | Banks | 3 / 9 |
| ICICIBANK | 1435.4 | 0.2654 | 1023903.85 | Banks | 8 / 9 |
| SBIN | 776.1 | 0.2584 | 692684.4 | Banks | 5 / 9 |
| KOTAKBANK | 2094.9 | 1.0077 | 416617.962 | Banks | 6 / 9 |
Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
Frequenlty asked questions
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