With Nifty50 back above 25,000, May 19 becomes a crucial date for trend confirmation, Says Harshubh Mahesh Shah

The Indian equity market showed strong bullish momentum during the week ended May 16, 2025, with the Nifty50 index climbing over 4%. While some volatility persisted, the bulls firmly held the upper hand throughout the week.

One of the key triggers for this rally was the announcement of a ceasefire between India and Pakistan, which significantly eased geopolitical tensions and provided a strong boost to investor sentiment.

This positive development was reflected in the sharp decline of the India VIX—the fear gauge—which plunged more than 20% during the same period.

Adding to the optimism were favorable updates on the US-China trade negotiations. Progress on this front helped reduce global economic uncertainty, further lifting confidence across markets.

Additionally, Foreign Institutional Investors (FIIs) turned into net buyers in May, which is often considered a bullish signal and reinforces the positive undertone in the market.

Looking ahead to the week of May 19–23, 2025, the question remains: can this momentum sustain? Harshubh Mahesh Shah of Wealthview Analytics believes key dates and levels will play a crucial role in guiding traders.

Key Focus Dates and Intraday Time Windows

Monthly Momentum Date: May 19, 2025 – A potential turning point for price action and trend validation.

Intraday Momentum Days: May 23–26, 2025 – Ideal for intraday setups in Nifty, Bank Nifty, and specific stocks.

Recommended Intraday Time Slots:

Traders should closely monitor specific time windows across the week for scalping or volatility-based strategies, such as 10:10 AM and 1:40 PM on May 19, and 1:20 PM and 2:30 PM on May 23.

ETMarkets.com

Key Technical Zones

Nifty Spot Levels: Upside zones include 25,083 → 25,323 → 25,435; downside levels to watch are 24,850 → 24,535 → 24,450 → 24,140 → 23,820.

Bank Nifty Spot Levels: Upside resistance seen at 55,696 → 55,960 → 56,650 → 57,600; downside support at 54,750 → 53,922 → 51,889 → 49,428.

ETMarkets.com

With market sentiment currently favoring the bulls, traders and investors should stay alert to potential triggers and use key levels and dates for strategic decision-making in the upcoming week.

Traders are advised to monitor key technical levels in both Nifty and Bank Nifty. A breakout or breakdown beyond these zones could guide near-term direction and help in setting stop-losses or profit targets.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)