Market Prediction for Today 16 May 2025

Nifty Prediction for Today 

NIFTY surged 1.6% today, led by broadbased buying and optimism about India-US trade deal. While the market opened weak, it rallied to close above 25000. HEROMOTOCO (6.3%), JSWSTEEL (4.8%) and TATAMOTORS (4.3%) were top performers. More than 10% of the index stocks were up 3%+. INDUSINDBK was the only stock in red. HINDUNILVR (0.19%) and COALINDIA (0.1%) had marginal gains.

Trade Optimism Fuels Strong Rally

After the sharp rally at the start of the week, NIFTY consolidated and witnessed another strong rally today. Near term momentum is moderately favorable as it sees tailwinds from fading tradewar concerns and potential triggers from trade deals. Near term support and resistance levels are 24763/24578 and 25361/25547.

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Bank Nifty Prediction Today 

BANKNIFTY surged 1% to close above 55000 driven by a strong rally in private sector heavyweights. ICICIBANK was the top performer (+1.7%). Also, there were strong performances from HDFCBANK (1.2%) and AXISBANK (0.95%).  There were minor losses in CANBK, AUBANK, IDFCFIRSTB and INDUSINDBK. Market breadth was marginally positive as 8/12 stocks were in the green. Overall, the index displayed a mixed performance among its constituents. Broader strength was evident despite some laggards. 

BANK NIFTY continues to enjoy support at lower levels. Today, it saw strong buying interest at levels closer to the 20D EMA. Continued FII buying bodes well for BANK NIFTY’s private sector heavyweights. Near term support and resistance levels are 54772/54410 and 55940/56301.

SENSEX Prediction Today 

SENSEX surged 1.5% to close above 82500. Barring INDUSINDBK, rest of the stocks closed in the green. Positivism around India-US trade deal boosted was a key driving factor. TATAMOTORS was the best performer and was up 4.3%. Near term support and resistance levels are 81560/80960 and 83501/84102.

FINNIFTY Prediction Today 

FINNIFTY surged 1.3% and outperformed BANKNIFTY. SHRIRAMFIN continues to do well after a rating upgrade from FITCH. It was the top performer at 3.4%. On the other hand, MUTHOOTFIN was a key drag as it lost 6.7% on worries over RBI’s draft guidelines impacting its disbursement.

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