Nifty Outlook :- 07.06.2025 - CFA Hitesh Somani

CFA Hitesh Somani

MD - Aapka Investments 

Website - https://www.aapkainvestments.in

Nifty closed with strong bullish move amid RBI Rate Cut. Banking and Finance Sectors on Fire.

Last week nifty faced major resistance at 25000 levels and it fell sharply from those levels to 24600 as we said in the last article but finally on Friday amid RBI rate cut decision as RBI once again slashed 50 basis points in the interest rates, markets reacted strongly and nifty finally closed above 25000 levels on Friday. Banknifty and Finance Companies like Bajaj Finance, Shriram Finance also showed a big bullish move amid this news.

We can see this strong rally in the next week also if nifty manages to close above 25200 levels in the next week then we can see nifty towards 25500 and 25800 levels soon. Banknifty closed above 56500 levels which is its fresh lifetime high. Banknifty may show 57000 and 57500.

One should have a strong bullish view for markets in the next week. Nifty and banknifty both are in strong bullish moves. Major support levels for nifty is 24600, till it sustains above these levels it would be strong but of it closes below that we may see a sharp fall in the markets.

Important Levels for Nifty Next Week

Major Support Levels for Nifty

Support 1 – 24800

Support 2 – 24600

Support 3 – 24250

 Major Resistance Levels for Nifty

Resistance 1 – 25200

Resistance 2 – 25450

Resistance 3 – 25700

Important Levels for Banknifty Next Week

Major Support Levels for Banknifty

Support 1 – 55800

Support 2 – 55200

Support 3 – 54800

 Major Resistance Levels for Banknifty

Resistance 1 – 56900

Resistance 2 – 57400

Resistance 3 – 57900

 Important Stocks to Watch Next Week

1) AMBUJACEM

CMP  @ 556

Buy Above @ 565

Stop Loss Below @ 540

Targets @ 580, 600 and 625

2) AXISBANK

CMP @ 1195

Buy Above @ 1210

Stop Loss @ 1120

Targets @ 1280, 1340 and 1380

Nifty Outlook :- 30.05.2025 - CFA Hitesh Somani

CFA Hitesh Somani

MD - Aapka Investments 

Website - https://www.aapkainvestments.in

Nifty closed in Green for 3^rd Consecutive Week, markets clearly on bull side but Nifty facing major resistance at 25000 levels.

Last week was the monthly expiry week for derivatives markets and nifty closed in perfect green for 3^rd consecutive week. In the last week we saw a tough fight between bulls and bears and market saw major whipsaws which clearly indices that at 25000 levels is the major resistance and investors are showing profit bookings at that level. Banknifty is managing and trading in a narrow range of 55000 to 56000 levels. If in the next week banknifty breaks and close above 56000 levels then banknifty may hit a new life time high and nifty can also close above 25500 levels.

If nifty manages to close above 25200 levels in the next week we can see a good bullish move in the markets and nifty may hit 25700 levels soon. And if banknifty manages to close above 56200 levels it would be clear signal for it to hit 57000 levels soon

Important Levels for Nifty Next Week

• Major Support Levels for Nifty

Support 1 – 24600

Support 2 – 24300

Support 3 – 24000

• Major Resistance Levels for Nifty

Resistance 1 – 25000

Resistance 2 – 25350

Resistance 3 – 25700

Important Levels for Banknifty Next Week

• Major Support Levels for Banknifty

Support 1 – 54800

Support 2 – 54200

Support 3 – 53600

• Major Resistance Levels for Banknifty

Resistance 1 – 56200

Resistance 2 – 56600

Resistance 3 – 57000

Important Stocks to Watch Next Week

1) INDIAMART

CMP @ 2330

Buy Above @ 2420

Stop Loss Below @ 2250

Targets @ 2490, 2590 and 2690

2) ABCAPITAL

CMP @ 222

Buy Above @ 224.5

Stop Loss Below @ 212

Targets @ 228.5, 234.5 and 242.5

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