๐ Trading Setup for May 22, 2025
Markets rebounded on May 21 after three days of losses โ but caution still lingers with mixed global cues. Here's what to watch for tomorrow: ๐น Nifty 50 Close: 24,813.5 (+0.52%) Resistance: 24,915 / 24,976 / 25,076 Support: 24,715 / 24,654 / 24,554 Chart View: Small bullish candle formed; upside possible, but selling at higher levels remains. MACD bearish; RSI near 60. ๐น Bank Nifty Close: 55,075 (+0.36%) Resistance: 55,281 / 55,434 / 55,680 Support: 54,787 / 54,635 / 54,388 Chart View: Doji pattern signals indecision. Holding above 10-day EMA supports a neutral-to-positive bias. ๐น Market Sentiment Put-Call Ratio (PCR): Rose to 0.81 โ slight bullish tilt India VIX: Elevated โ expect volatility Global cues: Weak US & EU markets may dampen momentum ๐ Stocks to Watch BEL: Gained 5.3% โ strong momentum Tata Steel: Rose 1.9% on China tailwinds Cipla: Added 1.8% โ pharma seeing traction ๐ Trading Strategy Watch for a breakout above 25,000 โ could push Nifty to 25,200+. A fall below 24,650 might drag it down to 24,450. Stay light, stay alert.

















