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The rise to 25,000 on the Nifty 50 has happened much faster than we had expected. The ceasefire announcement between India and Pakistan boosted the bullish momentum in the market. Our broader bullish view remains intact. The Nifty and Nifty Bank index can rise more going forward.
Nifty can rise to 26,000. This rise can happen either from here itself or after a corrective dip to 24,500-24,400.
Nifty Bank index can rise to 57,500-58,000 on a break above 56,100. Supports are at 53,700 and 52,500
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Published on May 17, 2025
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