The Nifty 50 index closed at 25,453.40, down 0.35%, due to weak global cues and continued concerns around US trade policies. Meanwhile, Bank Nifty declined by 0.80%, ending at 56,999.20. Sectors like metals, pharma, and auto gained, while realty remained under pressure.
As long as Nifty stays below 25,500, weak sentiment may persist.
Downside support levels to watch: 25,300 and 25,225
A close above 25,500 could lead to a bounce toward 25,600–25,670
Bank Nifty has strong structural support in the 56,000–55,500 zone.
— Shrikant Chouhan (Kotak Securities), Bajaj Broking
Global markets remain mixed ahead of the tariff deadline.
Investors are now focused on Q1 earnings, which are expected to be strong.
Despite near-term caution, robust macroeconomic fundamentals and rising government spending are providing underlying support.
— Vinod Nair, Head of Research, Geojit Financial Services
Buy above: ₹165.88
Target: ₹178
Stop-loss: ₹160
Strong uptrend, breakout above resistance with high volumes and bullish price pattern.
