The Indian stock market witnessed strong buying across segments on Monday, May 25, with benchmark indices Sensex and Nifty 50 gaining over 1% each. According to reports from Mint, the 30-share Sensex climbed 1,074 points, or 1.42%, to settle at 76,488.96, while the Nifty 50 advanced 1.32% to close at 24,031.70. Broader markets also ended higher, with the BSE Midcap index rising 0.80% and the BSE Smallcap index gaining 1.22%. The Nifty 50 opened with a strong gap-up of 220.95 points at 23,940.25 and registered its intraday low of 23,922.85 within the opening few minutes, before trading in a consolidation range during the first half and breaking above the crucial 24,000 mark in the second half.
According to Sumeet Bagadia, Executive Director at Choice Broking, the formation of a strong bullish candlestick pattern after sustaining above the 24,000 level indicates continued buying interest and improving short-term market sentiment. As reported by Mint, the Relative Strength Index (RSI) stands at 54.35, indicating strengthening momentum and improving bullish undertones in the market. In the derivatives segment, notable call writing was seen at the 24,200 strike, followed by 24,300, while significant put writing was observed at 24,000 and 23,900 levels, indicating immediate support shifting higher with resistance near upper levels. The Bank Nifty index opened with a strong gap-up of 555.20 points at 54,610.55 and eventually settled near the day's high at 55,293.65, gaining 1,238.30 points or 2.29%.
Amid ongoing tensions in the US-Iran war uncertainty, Sumeet Bagadia recommends five shares to buy on Tuesday, 26 May: Indus Towers, Schneider Electric Infrastructure, Bharat Petroleum Corporation, Punjab National Bank, and UPL. According to Mint, Indus Towers is recommended at ₹439 with a target of ₹475 and stop loss at ₹420, showing solid technical recovery as it breaks out from a rounding consolidation base. Schneider Electric Infrastructure is suggested at ₹1365 with a target of ₹1480 and stop loss at ₹1305, maintaining an aggressive uptrend with strong support above moving averages. Bharat Petroleum Corporation is recommended at ₹308 with a target of ₹333 and stop loss at ₹294, establishing a healthy accumulation base after reclaiming its 20-day EMA.
As reported by Mint, Punjab National Bank is recommended at ₹106 with a target of ₹115 and stop loss at ₹101, attempting to form a classic double-bottom reversal structure with strong bullish daily candle closing at 106.26. UPL is suggested at ₹652 with a target of ₹710 and stop loss at ₹623, demonstrating healthy structural recovery and successfully reclaiming key moving averages. Bagadia noted that the sustained move above the 55,000 level in Bank Nifty indicates improving sentiment in the banking space, with immediate support placed in the 54,400–54,500 range and resistance seen in the 55,800–56,000 zone. The sustained buying momentum and broad-based participation across sectors reflect improving market sentiment and increasing risk appetite among participants.
