Market Outlook for Tomorrow - NIFTY, BANK NIFTY, SENSEX and FINNIFTY

The NIFTY 50 closed lower by 34.55 points (-0.14%) at 24,196.75, reflecting mild profit booking after recent gains. Losses were led by HDFCBANK (-1.96%), ONGC (-1.65%), HDFCLIFE (-1.55%), TITAN (-1.33%), and M&M (-1.12%), which weighed on the index. Banking and financial stocks remained under pressure, with ICICIBANK (-0.31%), AXISBANK (-0.41%), and SBIN (-0.45%) ending lower. However, the downside was partially offset by gains in ADANIENT (+3.06%), HINDALCO (+2.85%), TRENT (+2.77%), ETERNAL (+2.53%), and ADANIPORTS (+2.20%). Market breadth remained balanced, with 25 stocks advancing and 25 declining. 

The NIFTY 50 opened at 24,385.20, touched a low of 24,102.80, hit a high of 24,400.95, and closed at 24,196.75, down 34.55 points (-0.14%). The index witnessed an early surge on positive global cues and easing US–Iran concerns, along with softer crude oil prices. However, gains were short-lived as profit booking in banking and financial heavyweights dragged the index lower, to close marginally in the red after a volatile session. Notably, the NIFTY breached the 50-day EMA and managed to close at that level. The RSI is hovering near 60, indicating healthy momentum. Near-term support levels are at 23,673/23,349, and resistance levels are at 24,720/25,044. 

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Nifty Gives Up Early Gains, Ends Slightly Lower

Bank Nifty Commentary for Tomorrow

The NIFTY BANK closed lower by 215.55 points (-0.38%) at 56,086.40, as banking stocks saw mild selling pressure following recent gains. The fall was led by HDFCBANK (-1.96%), FEDERALBNK (-1.05%), KOTAKBANK (-0.93%), SBIN (-0.45%), and AXISBANK (-0.41%), which dragged the index lower. Private sector banks remained under pressure, with ICICIBANK (-0.31%) also ending lower. However, select PSU and mid-sized banks offered support, with YESBANK (+2.89%), IDFCFIRSTB (+1.33%), INDUSINDBK (+0.70%), PNB (+0.46%), and AUBANK (+0.40%) closing higher. Market breadth remained negative, with 6 stocks advancing and 8 declining. 

The NIFTY BANK opened at 56,657.25, touched a low of 55,898.25, hit a high of 56,834.25, and closed at 56,086.40, down 215.55 points (-0.38%). The index opened firm and traded higher in the early session but faced mid-session selling pressure, slipping into negative territory. A mild recovery in the latter half failed to hold, with the index closing in the red, dragged by weakness in private banking stocks. The RSI remains above 50, indicating steady momentum with underlying buying interest. Near-term support levels are at 54,463/53,458, and resistance levels are at 57,710/58,714. 

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES closed lower by 101.45 points (-0.38%) at 26,343.55, as the financial space witnessed a mild pullback led by weakness in key banking and NBFC stocks. Losses were led by HDFCBANK (-1.96%), HDFCLIFE (-1.55%), KOTAKBANK (-0.93%), BAJFINANCE (-0.68%), and JIOFIN (-0.47%), which weighed on the index. Broader financial names also remained subdued, with AXISBANK (-0.41%), ICICIBANK (-0.31%), and SBIN (-0.45%) ending lower. However, gains in PFC (+3.43%), RECLTD (+3.22%), BSE (+1.48%), ICICIGI (+1.45%), and CHOLAFIN (+1.19%) helped limit the downside. Market breadth remained slightly negative, with 9 stocks advancing and 11 declining. Near-term support levels are at 27,458/26,605, and resistance levels are at 30,214/31,067. 

The SENSEX closed lower by 122.56 points (-0.16%) at 77,988.68, reflecting mild profit booking amid mixed global and domestic cues. The downside was led by HDFCBANK (-1.75%), TITAN (-1.45%), M&M (-0.99%), BHARTIARTL (-0.82%), and KOTAKBANK (-0.75%), which weighed on the index. Financial and select consumption stocks remained under pressure, with BAJFINANCE (-0.74%), HINDUNILVR (-0.68%), and AXISBANK (-0.41%) also ending lower. However, gains in TRENT (+2.81%), ETERNAL (+2.54%), ADANIPORTS (+2.30%), BEL (+1.81%), and INFY (+1.05%) helped limit the decline. Market breadth remained slightly negative, with 14 stocks advancing and 16 declining. Near-term support levels are at 76,293/75,244, and resistance levels are at 79,684/80,733. 

Intraday levels for NIFTY, BANK NIFTY, SENSEX and FINNIFTY Levels: