Nifty setup amid India-Pakistan tensions : May 05, 2025

Nifty setup amid India-Pakistan tensions : May 05, 2025

Stock Market Today: The Nifty-50 index can increase to 24,600–24,800 above 24,200, which serves as a crucial support. Conversely, analysts stated that a drop below 24,200 would boost the likelihood of reaching the 200-day SMA or 24,050.

Today’s Stock Market: The benchmark Nifty-50 index ended the week ending May 2 at 24,346.70, up 1.3% from the previous week. The Bank Nifty was up 0.8% at 55,115.35,with the top gainers being real estate, pharmaceuticals,and automobiles,and the top losers being metals,fast-moving consumer goods,and utilities. The closing price of broader markets was somewhat lower.

Also Read : sensex nifty stock market news : May 04,2025

Monday’s Trade Setup :
The sacrosanct support zone for the Nifty would be 24,200; above this level,the market would continue to rise, reaching 24,600–24,800. Conversely,below 24,200,there would be a greater likelihood of reaching the 200-day SMA or 24,050, according to Amol Athawale, VP-Technical Research at Kotak Securities.

According to Athawale,the Bank Nifty’s first breakout level would be 55,800; above this,it would rise to 56,100 or 56,500.

International Markets and Q4 Outcomes :
With so many important local and international triggers, the upcoming week is pivotal. Geopolitical tensions with Pakistan and developments pertaining to tariffs will continue to be monitored. Investors would be watching the HSBC Composite PMI and HSBC Services PMI Final statistics on the macroeconomic front. Ajit Mishra,SVP,Research,Religare Broking Ltd.,stated that the Fed Interest Rate Decision,which will debate the future course of rate cuts,is due on May 7.

When it comes to corporate earnings,a number of well-known firms are scheduled to disclose their quarterly results,including M&M,Coal India, Asian Paints,L&T,Titan,Coforge,One 97 Communication,Pidilite Industries,and Dr. Reddy’s Labs. Updates on trade and tariffs will also be attentively monitored on a global scale.

Disclaimer: bharatbulletin24x7.com does not endorse the opinions or suggestions expressed above; rather, these represent the opinions of individual analysts or brokerage firms. Before making any financial decisions, we encourage investors to consult with qualified professionals.