The Nifty 50 opened lower on Tuesday, giving back a portion of Monday’s gains as profit-taking kicked in near key resistance levels. The index is currently trading around 24,780, down nearly 0.88% intraday, after briefly reclaiming 25,000 at yesterday’s close.
Today’s tone feels markedly different. Several heavyweight sectors, including banking and IT, opened weak, while energy stocks also failed to hold early ground. The dip is not entirely unexpected; the 25,344 level has acted as a ceiling for weeks, and with no fresh macro tailwinds this morning, traders are leaning toward short-term exits.
Nifty 50 (INDEXNSE: NIFTY_50) Technical Analysis
- Current level: 24,780.95
- Immediate support: 24,500
- Resistance: 25,200 then 25,344
- RSI (14): 57.6 — easing from yesterday’s 60+ reading
- MACD: Still bullish, but histogram is flattening
- Momentum shift: Mildly corrective; not bearish, just cooling
From a broader view, Nifty 50 remains in a medium-term uptrend, with price still above the 50-day SMA and well above the 200-day. However, without a strong trigger like earnings surprises, RBI commentary, or global risk-on cues, the index may struggle to hold above 25,000 in the near term.
The next decisive move likely depends on how markets digest incoming Q4 GDP data and whether FII flows remain stable through the week.
Nifty 50 LIVE: Index Slips Below 24,800 as Early Gains Unwind
The Nifty 50 hasn’t managed to hold above 24,800 this afternoon. After an early attempt to stabilize, the mood has turned cautious again, especially in banking and large-cap IT. Names like Axis Bank and TCS are still under pressure, and the index just isn’t seeing enough volume on the buy side to break out. There’s no real panic, but there’s also no urgency to re-enter at these levels. With global markets mostly flat and no domestic triggers until GDP data hits, the Nifty looks stuck for now. Traders are watching 24,650–24,500 as a possible intraday support if pressure continues.
India Stocks Slip as Nifty 50 Drops 0.70% on FMCG, Auto Weakness
Markets in India wrapped up the Tuesday trade session with the Nifty 50 down by 0.70% and the Sensex falling 0.76%, on weak performances of FMCG, healthcare, and auto equities. Jio Financial, IndusInd Bank, and Trent led the gainers on the Nifty while UltraTech Cement, JSW Steel, and ITC were affected by strong down moves. Market breadth showed variable condition with the rise of volatility in the presence of India VIX which was up by 2.43%. In the meantime, the prices of gold went down, and the price of crude oil moved up slightly. The US dollar to Indian rupee exchange rate surged to 85.35, marking a rise of 0.34% over the day.
Reliance Industries Share Price Today: Bulls Hesitate Near ₹1,446 After Sharp May Rally
Reliance opened steady on Tuesday, hovering around ₹1,420 as the stock takes a breather after a sharp climb earlier this month. Price action has slowed noticeably near ₹1,446, a level that’s proven sticky in past sessions. The rally from April lows has been strong, but there’s now a visible loss of momentum on the daily chart. Volume has flattened, and short-term indicators are beginning to cool. Unless buyers step in with fresh strength, the current stretch could give way to a mild pullback. Traders are watching ₹1,394 as the immediate downside marker, while a clean move above ₹1,446 would put ₹1,488 back in focus.
Infosys LIVE: Stock Trades Near ₹1,570 as IT Sector Pauses for Direction
Infosys opened flat on Tuesday, trading just shy of ₹1,570 in a session that’s offered little direction so far. The stock has recovered sharply from April’s lows, but momentum now appears to be stalling just below the ₹1,585 zone — a level that’s rejected price three times in the past month. There’s no real conviction from either side this morning. The RSI is drifting around 54, not signaling much. MACD remains positive, but the slope is flattening out. Traders are keeping an eye on ₹1,540 as short-term support. If that breaks, a fade toward ₹1,510 isn’t out of the question. Until then, it’s mostly sideways traffic.
Nifty 50 live stream by TradCafe
HDFC Bank Drags Nifty Lower as Momentum Wanes Near ₹1,930
HDFC Bank share price is under pressure this morning, trading near ₹1,931.40 and slipping from last week’s highs. The stock is one of the top losers on the Nifty 50 today, as sentiment cools across the financial sector. Technical signals show fading momentum RSI has dropped to 55.45. While the MACD has flipped into bearish territory with a negative crossover building. Price action has flattened just below the ₹2,000 mark over the past two weeks, and traders are now eyeing ₹1,900 as the next support. With Nifty 50 struggling to hold 25,000, HDFC Bank’s weakness adds weight to the index’s hesitation.