What is NIFTY 50?
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
NIFTY 50
NSE
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Short term - Technical Outlook
Nifty 50 continues to trade with a negative to cautious undertone following the recent sharp decline and persistent weakness in broader market sentiment. Technically, the 23,300–23,150 zone remains a crucial support area, and a sustained breakdown below this region could accelerate downside pressure toward the 23,000–22,900 levels. On the upside, the 23,500–23,600 band is expected to act as immediate resistance, followed by the broader 23,900–24,000 zone, where selling pressure is likely to emerge on recovery attempts. Momentum indicators remain weak, with RSI hovering around the 40 mark while MACD continues to reflect fading momentum and subdued buying conviction. Overall, the near-term market structure remains fragile and volatile, while a decisive reclaim above the psychological 24,000 mark will be essential to stabilize sentiment.
Short term Research Report Call
Buy Above: 23500 | Targets: 23580, 23660, 23750 | Stop-loss: 23450
Sell Below: 23300 | Targets: 23330, 23160, 23050 | Stop-loss: 23350
Short term Chart
Long term - Technical Outlook
Nifty 50 immediate and critical support zone lies around 23,300. A clear breakdown below this level may intensify selling pressure and drag the index toward 23,000 region. On the upside, the 24,000 zone now acts as a key resistance area, as earlier support has turned into a barrier; a sustained move above this range is essential for continuation of upward momentum. Overall, the recovery phase remains intact unless the index posts a decisive close above the 25,000–25,300 region.
Long term Research Report Call
Buy Above: 23500 | Targets: 23580, 23660, 23750 | Stop-loss: 23450
Sell Below: 23300 | Targets: 23330, 23160, 23050 | Stop-loss: 23350
Long term Chart
Market View
May 13th 2026
ndian equity markets opened on a flat-to-cautious note before gradually slipping into negative territory amid persistent selling pressure, as geopolitical uncertainty continued to dominate global market sentiment. Tensions between the U.S. and Iran remain elevated, with Donald Trump stating that “Iran must make a deal or face renewed attacks,” signalling increasing pressure and diminishing optimism surrounding ongoing negotiations. The prolonged U.S.–Iran conflict, coupled with continued uncertainty around the Strait of Hormuz, continues to weigh heavily on global risk appetite and commodity markets.
Crude oil prices remain elevated above the $100 mark, reflecting a persistent geopolitical risk premium and ongoing concerns over potential supply disruptions. Sustained high crude prices continue to pose a significant macroeconomic challenge for India by increasing the import bill, exerting pressure on inflation, widening current account concerns and impacting corporate margins, particularly across oil marketing, aviation and chemical-linked sectors.
A key global development being closely monitored is Trump’s visit to China, where discussions with Xi Jinping are expected to include the ongoing West Asia conflict alongside broader geopolitical and energy-related concerns. Any constructive outcome or signs of diplomatic progress emerging from these discussions could provide some relief to global markets, although investors continue to remain cautious in the near term.
Overall, market sentiment remains highly fragile, volatile and heavily news-driven, with geopolitical developments, crude oil prices and global diplomatic negotiations expected to remain the primary drivers for Indian equities in the near term.
Technical view
Nifty 50
Nifty 50 opened near the 23,336 mark on a largely flat note, with early price action indicating consolidation after the recent sharp decline. Technically, the 23,300–23,150 zone remains a crucial immediate support area, and a sustained breakdown below this region could accelerate weakness toward the 23,000–22,900 levels. On the upside, the 23,500–23,600 range is expected to act as immediate resistance, while the broader 23,900–24,000 zone continues to remain a stronger supply area where selling pressure is likely to emerge. Overall, the index continues to trade with a cautious to mildly negative bias, while a decisive reclaim above the psychological 24,000 mark will be essential to stabilize sentiment and improve the near-term technical structure.
Bank Nifty
Bank Nifty opened near the 53,693, on a flat to steady note in line with the broader market, The index continues to witness pressure at higher levels, reflecting lack of sustained buying participation. From a technical perspective, the 53,200–53,000 zone remains an important immediate support region, and a decisive break below this band could extend weakness toward the 52,700–52,500 levels. On the upside, immediate resistance is placed around 53,800–54,000, followed by the broader 54,300–54,500 zone, where selling pressure is likely to emerge on recovery attempts. Overall, Bank Nifty continues to trade with a cautious to negative undertone.
Resistance 23,500
Support 23,150
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
12 May 2026
-1,959.39
+7,990.32
MTD-May (Cr)
May
-1,959.39
+7,990.32
Global Market
May 13th 2026
NASDAQ
USA
26,088.2
-185.92 -0.71
13th May
Dow Jones
USA
49,760.56
13th May
FTSE
UK
10,308.61
13th May
DAX
GERMAN
24,108.44
13th May
GIFT Nifty
Singapore
23,461
13th May
NIKKEI 225
Japan
63,272.11
13th May
Shanghai
China
4,242.57
13th May
S&P 500
USA
7,400.96
13th May
May 13th 2026
Top Gainers
JARO
491.45
81.9 20
SMARTLINK
178.18
29.69 19.99
RITCO
272.31
37.43 15.94
RANEHOLDIN
1,285
176 15.87
Top Losers
HDFCBANK
749.65
-0.8 -0.11
PNB
102.57
-0.21 -0.2
GODREJCP
1,028.8
-1.4 -0.14
BRITANNIA
5,332.5
-1.5 -0.03
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
23560.63
R1
23650.64
R2
23744.75
R3
23912.50
Stop Loss
23454.25
Pivot
23495.17
(All values are in INR)
Sell Below
23429.70
S1
23339.69
S2
23245.59
S3
23077.83
Stop Loss
23536.08
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 24197.85 | 24051.08 | 23904.32 | 23641.93 | 23495.17 | 23232.78 | 23086.02 | 22823.63 | 22561.25 |
| Woodie | 24693.71 | 23993.27 | 23875.41 | 23584.12 | 23466.26 | 23174.97 | 23057.11 | 22765.82 | 22238.81 |
| Camarilla | 23604.58 | 23492.07 | 23454.56 | 23417.06 | 23495.17 | 23342.04 | 23304.54 | 23267.03 | 23154.52 |
Moving Averages
Bullish
Bearish
5 Day
20315.03
10 Day
19605.29
20 Day
19027.25
50 Day
18473.55
100 Day
18159.59
200 Day
17858.55
Momentum Oscillators
Bullish
3
Bearish
3
Neutral
1
Bullish
3
Bearish
3
Neutral
1
Stoch RSI
100.00
ROC
-1.73
Ultimate
42.40
Williams
-81.75
CCI
-218.59
Stochastic
7.76
RSI
70.22
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
130.19
Low Volatility
MACD
297.45
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1360 | -0.2933 | 1845297 | Oil & Gas | 7 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1156281.74 | Banks | 3 / 9 |
HDFCBANK | 752.65 | 0.2932 | 1156281.74 | Banks | 3 / 9 |
BHARTIARTL | 1790.8 | 1.9353 | 1070632.48 | Telecom | 8 / 9 |
SBIN | 971.9 | -0.277 | 899708.3 | Banks | 5 / 9 |
Market Commentary
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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.
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
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