Stock Market Today:
On May 21, 2025, the Indian stock market is expected to open cautiously, influenced by mixed global signals. The Gift Nifty suggests a slightly positive start, trading near 24,800—about 25 points higher than the previous close of Nifty futures.
On Tuesday, both major indices faced losses for the third day in a row. The Sensex dropped by nearly 873 points, closing at 81,186.44, while the Nifty 50 fell by 261.55 points to end at 24,683.90. This continued decline has formed strong bearish patterns on the daily charts, indicating investor hesitation.
Experts say that unless Sensex climbs above 81,700, the downward trend may continue. If the index stays below this level, it could drop further to around 80,500. If it rises past 81,700, it might aim for 82,500.
The Nifty 50 also looks weak after touching resistance zones and now faces key support near 24,500. A drop below this could lead to further decline. However, technical indicators suggest the market still has some underlying strength, and any dip may offer a buying opportunity.
India VIX, a measure of market volatility, is currently at 17.39. A rise above 18 could signal increased market swings.
Bank Nifty also declined, ending at 54,877.35. It has been trading within a downward channel, with resistance at 55,290. As long as it remains below this level, more downside is possible, with support seen near 54,460.
Overall, markets are expected to remain volatile, and investors are advised to be cautious. Technical patterns suggest waiting for a stable base before making any aggressive moves.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. The views and predictions mentioned are based on market trends and expert analysis, which may change due to various factors. Readers are advised to consult a certified financial advisor before making any investment decisions.
Also Read: Golden Temple Was Not Used for Military Deployment, Confirms Indian Army