Home » Stock Market Prediction for Nifty & Bank Nifty 23rd May 2025

Stock Market Prediction for Nifty & Bank Nifty 23rd May 2025

In today’s stock market, Sensex trims losses, now down 0.70%; Nifty holds at 24,637 — IndusInd Bank, Bharti Airtel among top gainers.

Stock Market Nifty Chart Prediction

On May 22,  Sensex was down 559.59 points at 81,037.04, and the Nifty was down 170.95 points at 24,642.50. About 1518 shares advanced, -1907 shares declined, and 128 shares unchanged.

Top Nifty gainers: IndusInd Bank, Bharti Airtel & Ultratech Cement
Top Nifty Losers : IndusInd Bank, JSW Steel,Kotak Mahindra, Coal India

Best Stocks of the day according to AI (Delta Dash)

Worst Stocks of the day according to AI (Delta Dash)

Stock Prediction for 23rd May 2025

Prediction for Friday NIFTY can go up if it goes above 24,800 or down after the level of 24,600, but it also depends upon the Global cues.

Indian benchmark indices started the day on a weak footing, influenced by negative global signals, and stayed under selling pressure throughout, eventually closing lower at 24,610. Market volatility eased, with the India VIX slipping 1.65% to 17.26, reflecting reduced investor anxiety. From a technical perspective, Nifty formed a bearish red candle on the daily chart, indicating potential weakness. Key resistance is seen in the 24,600–25,000 range, while support lies between 24,500 and 24,000.

Highest Call Writing at
24,800 (1.4 Cr)
Highest Put Writing at
24,600 (74.5 Lk)

Nifty Support and Resistance

Support 24,600 to 24,200
Resistance
24,800 and 25,000

Bank Nifty Daily Chart Prediction

Prediction For Friday, BANKNIFTY can go up if it goes above 55,000 or down after the level of 54,700, but it also depends upon the Global cues.

The Bank Nifty index began the session with a gap-down opening and faced significant selling pressure during the early hours. However, a late-session rebound helped recover part of the losses, with the index ending slightly lower at 54,941. On the technical front, a hammer candlestick was formed on the daily chart, indicating potential reversal signs. Resistance is anticipated in the 55,500–57,000 range, while support is expected between 55,000 and 54,000.

Highest Call Writing at55,500 (18.6 Lk)
Highest Put Writing at55,000 (14.8 Lk)

Bank Nifty Support and Resistance

Support55,000 to 54,000
Resistance
55,500 and 57,000

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