The Indian stock market experienced a strong rally on May 15, 2025, with the Sensex surging by approximately 1,300 points, driven by gains in heavyweight stocks including HDFC Bank, ICICI Bank, and Reliance Industries. This bullish momentum was reflected in both the Sensex and Nifty 50 indices, with market analysts highlighting positive chart patterns and support levels suggesting a continuation of the upward trend into the following trading day. However, on May 16, 2025, the market saw a reversal as the Sensex declined by 200.15 points (0.24%) to close at 82,330.59, and the Nifty 50 fell by 42.30 points (0.17%) to 25,019.80. Key contributors to the decline included Bharat Electronics, which dropped 3.87%, Adani Enterprises down 1.45%, and ITC falling 0.73%. Despite the dip in the frontline indices, the broader market outperformed. Market experts noted a mixed but generally bullish texture in the charts, with predictions for a breather-type pattern and cautious optimism for the coming week, including potential targets for Bank Nifty around 56,200 to 56,500. Support and resistance levels remain critical for monitoring the market's next moves.
Nifty prediction Monday, next week: Breather type chart pattern; target, support, resistance by experts https://t.co/sQdco8cPTq
Sensex, Nifty stock market prediction next week, Monday: 'Texture bullish but...' - Chart, support, resistance levels https://t.co/ZN4RibxuwC
16-5-2025: Sensex declined 200.15 points or 0.24% to 82,330.59. The Nifty 50 index fell 42.30 points or 0.17% to 25,019.80. Bharat Electronics (down 3.87%), Adani Enterprises (down 1.45%) and ITC (down 0.73%) were major drags. The broader market outperformed the frontline https://t.co/SnaSnpCw6I