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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Setup For May 19: Nifty 50 Faces Resistance At 25,200 Levels After Strong Week

  • NSE Nifty 50 faces resistance at around the 25,200 levels after a strong performance last week, as per stock market analysts.
  • Short-term technical outlook for Nifty remains bullish, with 24,800 level identified as immediate support.
  • Nifty expected to trend positively towards 25,200-25,300 levels with potential breakout above 25,300 in the coming weeks.
  • Foreign portfolio investors were net buyers, domestic institutional investors turned buyers; Nifty May futures, F&O cues, and key stock updates highlighted.

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