Market View and Stock Picks: 25/05/2026

Nifty has broken out of the 23,400–23,800 consolidation band and is sustaining above that range, now approaching its 50-day exponential moving average near 24,000. A clean breach and hold above 24,000 would strengthen the near-term bullish case and validate upside momentum.

Domestic underperformance versus global equities has been driven by FII outflows, rupee weakness, and elevated crude prices, but positive geopolitical developments have improved sentiment.

Immediate support is placed at 23,800, with tactical support around 23,500. Resistance levels are seen near 24,000 and 24,350.

Rate-sensitive sectors such as banking, financials, autos, and realty are showing early bullish traction and could lead the next leg higher if momentum broadens.

Stock Picks

Buy LTF 279 | Stop-loss Rs. 267 | Target Rs. 292

Stock price has formed bullish “hammer” candlestick pattern on its 200 DEMA and gap support. The stock is placed above all medium to long term moving averages. Indicators and oscillators are showing strength on the short-term charts.

Buy Sandur Manganese & Iron Ores 235 | Stop-loss Rs. 206 | Target Rs. 271

Stock price has broken out from bullish inverted head and shoulder pattern on weekly line charts. Price rise is accompanied by strong volumes. Weekly RSI is sustaining above 50, while weekly MACD remains above equilibrium and signal line.