Nifty Near 25K: Weekend Before the Next Climb?

Nifty Near 25K & Only in Red

Nifty Near 25k mark, cooling off by 42 points after a explosive breakout. But under the surface, something interesting brewed—midcaps rallied nearly 1%, and defence stocks like Bharat Electronics continued to fire. Meanwhile, Bharti Airtel dragged telecom sentiment lower, and IT took a mild breather.

So what’s next? With the index still holding above the psychological 25K zone and Bank Nifty refusing to budge, markets could be setting up for rotation-driven momentum. Keep your eyes on mid caps and select PSU names — they might be the torchbearers if Nifty attempts another leap.

Nifty Near 25K: Will the Bulls Stay in Charge?

Nifty has officially crossed the psychological 25,000 mark, converting a triple top resistance into new support. That’s not just a number—it’s a statement. The breakout has come with strong conviction, and unless the index throws a surprise gap-down or red candle tomorrow, we’re likely heading toward the 25,400–25,600 zone soon.

Here’s the big picture:

• ✅ Support has shifted up: 25,000 is now your cushion. Below that, 24,700 remains the trendline zone.
• 🧱 Resistance ahead: Watch 25,450–25,600 — a potential supply zone from past rallies.
• 🔍 No signs of exhaustion yet: Volume is stable, candles are strong, and momentum indicators point up.

What Could Happen Next?

Scenario	Odds	What to Watch
Bullish Continuation	✅ 70%	Strong open >25,050
Minor Pullback	🤏 20%	Red candle w/ wick
Sharp Reversal	❌ 10%	High vol. red candle

Strategy Ahead

• Positional Traders: Trail longs, SL just below 24,950.
• Intraday: Buy dips near 25,000, aim for 25,400+. Use tight SLs.
• Bearish Trades? Only if Nifty shows rejection near 25,100+ or breaks 24,700 convincingly.

Verdict:

Nifty Near 25K isn’t just a milestone—it’s a launchpad. As long as bulls protect this zone, momentum remains with the buyers. Play smart, follow the levels, and let the trend pay you.

News & Impacted Stocks

ReNew to Power ₹22,000 Cr Clean Energy Hub in Andhra

In a major push for India’s clean energy revolution, Andhra Pradesh minister Nara Lokesh laid the foundation for ReNew’s ₹22,000 crore Renewable Energy Complex in Anantapur. This mega-hub will focus on green hydrogen, solar, and wind power — marking one of the country’s biggest integrated clean energy investments.

Impacted Stocks:
While ReNew Power isn’t listed in India, this project could spark sentiment across listed renewable energy peers like Tata Power, JSW Energy, and Adani Green — especially with increasing state-level policy backing.

Borana Weaves IPO: ₹145 Cr Issue Opens May 20, GMP Sparks Buzz

The SME textile player Borana Weaves will hit the markets on May 20 with a ₹145 crore IPO. Priced at ₹205–216/share, its GMP (Grey Market Premium) of ₹58 signals an expected 27% listing pop. The IPO is already generating strong retail and HNI interest.

Read More: Borana Weaves IPO: Can This Textile Underdog Stitch a Multibagger Story?

Amazon’s Project Kuiper Gears Up for India Launch

Watch out, Starlink — Amazon’s Project Kuiper is officially preparing to enter the Indian satellite broadband space. With India’s rural connectivity push, Kuiper could emerge as a dominant player next to Elon Musk’s satellite venture.

Impacted Stocks:
Though not yet listed, Kuiper’s entry intensifies competition. Existing telcos like Reliance Jio and Bharti Airtel (via OneWeb) may need to double down on satellite strategies. Also, telecom equipment and infrastructure players could see demand tailwinds.

Singtel Offloads 1.2% Stake in Airtel for ₹13,182 Cr

Singtel has sold 1.2% of Bharti Airtel in a private placement worth ₹13,182 crore, trimming its stake to 28.3%. Despite the sale, Singtel reiterated its long-term commitment to India. The move is being seen as a capital reallocation play, not a strategic exit.

Impacted Stock: Bharti Airtel
Airtel slipped nearly 3% post-deal amid supply pressure, but long-term sentiment remains intact given Singtel’s continued involvement. Investors should watch for institutional interest or further stake changes ahead.

Borosil Renewables Approves ₹950 Cr Expansion

India’s only solar glass manufacturer, Borosil Renewables, has approved a revised ₹950 crore capex to boost daily production by 600 tonnes. The expansion aligns with the government’s anti-dumping measures and the tailwinds from India’s solar push.

Impacted Stock: Borosil Renewables
With solar demand heating up and protectionist policies in play, the move could improve margins and volume growth. Investors may view this as a long-term capacity build-up rather than a short-term trigger.

Stock on Technical Screener

MCX: A Classic Bullish Breakout Brewing

Nifty Near 25k, but behind the scenes, one chart just fired off a textbook bullish signal — and it belongs to MCX. While the index hovered around key psychological levels, this commodity exchange stock quietly completed an Inverse Head & Shoulders breakout on the hourly chart.

So what’s happening?

Pattern Breakdown

Over the past 10 sessions, MCX carved out a clear Inverse H&S setup:

• Left Shoulder: Formed around May 6–7
• Head: The deep dip on May 8–9
• Right Shoulder: Recovery on May 13–14
• Neckline: ₹6,400 — now broken and retested

And the breakout? Confirmed. Price surged above ₹6,400 with a spike in volume and is now consolidating just above the neckline. That’s a textbook retest — not weakness.

What the Chart is Whispering

The projected move is clean:

• Neckline: ₹6,400
• Head Low: ₹5,850
• Target: ₹6,950

Short-term bulls now have a clear upside zone of ₹6,900–₹6,950 — assuming price doesn’t break below ₹6,375.

Strategy at a Glance

Parameter	Value
CMP	₹6,425
Support Zone	₹6,400–6,375
Stop-Loss	₹6,325
Target Zone	₹6,900–6,950
Volume Cue	Breakout = Strong, Retest = Calm

Final Thought

With Nifty Near 25k, rotational trades like MCX become even more important as the broader market digests recent gains. This setup offers a compelling risk-reward profile for traders looking to ride a breakout-backed move.

Small Cap of the Day: Sanghvi Movers Ltd

Price: ₹333 | Market Cap: ₹2,888 Cr

When cranes move, it’s usually to lift something big. And Sanghvi Movers Ltd — the largest crane rental company in Asia — seems ready to lift investor confidence next.

The Pune-based company isn’t just offering crane-on-call services. With over 346 cranes and 13 operational depots, it’s become the go-to pick for infrastructure, power, steel, wind energy, and refinery projects. And in the capex-heavy FY25–26 cycle? That’s gold.

Business Snapshot:

• Crane Rental Dominance: Fleet ranges from 20MT to 1000MT capacity — ideal for high-value infra and industrial work.
• Strategic Depots: Spread across India, enabling regional dominance and low logistical friction.
• Clients: PSU giants and large private sector players — a stable demand pipeline.

Financial Strength:

Metric	Value
ROCE	22.2%
ROE	18.8%
Debt/Equity	0.32
OPM	53%
EPS Growth (3-Yr CAGR)	85.8%
EV/EBITDA	9.51
Net Profit Margin	21.5%
PE Ratio	21.9 vs industry PE 27.2

Despite market volatility, margins remain robust — thanks to an asset-light rental model with high utilization rates and rising crane demand in wind energy and logistics sectors.

Forward View:

With India’s infra budget ballooning and PLI-linked expansion in full swing, Sanghvi Movers is well-positioned to ride the next leg of the heavy lifting. It’s also trading well below its 52-week high of ₹613, offering a potential mean reversion play if capex spending stays hot.

Bottom Line: When the economy builds, Sanghvi moves. Keep an eye out.

Final Thought: Markets May Pause, But Momentum Is Intact

After the recent breakout and a brief pause today, Nifty near 25k seems less like a ceiling and more like a rest stop. While today’s session saw mild profit booking, the broader setup remains positive — especially with strong showings from midcaps and select defence and auto stocks.

The real story now is sector rotation: IT cooled off, but midcaps, PSU defence, and industrials continue to shine. With bond yields softening and inflation cooling, the mood remains cautiously optimistic.

Smart traders know this is where trend-following pays — but timing matters.

Want to time your next trade better?
Use Angel One’s powerful charting tools and real-time analytics to stay ahead of every market turn — whether it’s a breakout or a fakeout.

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