Business

Nifty likely to trade in a range; 23,800 a key breakout hurdle

Published

4 weeks ago

25 May 2026

Nifty likely to trade in a range; 23,800 a key breakout hurdle

Technical analysts expect Nifty to remain rangebound with a mildly bullish undertone this week, as the index continues to consolidate amid mixed domestic and global cues. Most experts see the 23,800–24,000 zone as a crucial breakout hurdle, while the 23,150–23,250 band is expected to provide key support on the downside.

AJIT MISHRA
SVP- RESEARCH, RELIGARE BROKING

Where is Nifty headed?
Going ahead, the Nifty continues to trade with a corrective bias and a downward shift in its trading range, reflecting indecisiveness amid mixed domestic and global cues. Immediate support is placed around the 23,150–23,250 zone, followed by the 22,900 mark. On the upside, the 23,800–24,000 zone remains a key hurdle, and a decisive breakout above this band could trigger fresh momentum towards the 24,500–24,650 zone. Trading Strategies
One may consider a “sell on rise” approach in the 23,800–24,000 range in Nifty, with a stop-loss at 24,200 and downside targets around 23,400 and 23,250. Traders may also consider accumulating energy and pharma-related ETFs on dips. For energy exposure, Energy ETF can be accumulated in the 39–41 zone with a stop-loss at 37 for positional targets of 46 and 50. Similarly, Pharmabees can be accumulated in the 24–25 range with a stoploss at 23 for positional targets of 28 and 30.

TOP STOCK BETS
Angel One – CMP Rs 339.35, stop loss at Rs 318, target Rs 378.
Angel One is witnessing renewed buying interest after a volume-backed breakout from consolidation, signalling improving momentum and potential upside continuation. Steel Authority of India – CMP Rs 201.21, stop loss at Rs 189, target Rs 224.

SAIL has reclaimed its multi-year high with improving volumes, indicating strengthening momentum and potential for further upside.

RAJESH PALVIYA
HEAD OF RESEARCH, AXIS SECURITIES

Where is Nifty headed?
The market remains in a consolidation phase rather than trend exhaustion, with the broader structure still favouring bulls. The 23,800–23,850 zone has blocked seven breakout attempts in two weeks, though the tight range suggests a strong move once crossed. A decisive weekly close above 24,000 and then 24,126 could trigger a rally towards 24,600. On the downside, 23,250–23,150 remains key support. The weekly RSI staying flat above its reference line indicates the market is in a holding pattern, supporting a patient but selectively bullish stance.

Trading Strategies
Traders can implement a moderately bullish strategy known as a Bull Call Spread with reduced premium outflow and a lower breakeven point, set for the June 2nd expiry. In this net delta long strategy, traders need to buy one lot of the 23,800 call strike at Rs 222 and simultaneously sell one lot of the 24,100 call strike at Rs 111.

This setup results in a maximum outflow of Rs 7,215, which is the maximum loss that can be incurred. If Nifty closes above 23,911 at expiry, the strategy will begin to generate a profit. However, while the risk is limited, so too is the potential profit. The maximum gain is capped at Rs 12,285, as the profit from the long 23,800 strike call will be offset by the sold 24,100 strike call if Nifty closes above 23,911 at expiry.

TOP STOCK BETS
Sammaan Capital– Buy at Rs 161-158, stop loss at Rs 148, target Rs 185-195.

Following last week’s sharp 13% rally, the stock broke out of its six-month Rs 134– 157 trading range on strong volumes, while daily and weekly RSI levels stayed above 50 indicate strengthening momentum and rising buying interest.

Trent – Buy at Rs 4,297-4,255, stop loss at Rs 4,155, target Rs 4,655-4,700.

On the daily chart, the stock confirmed a “Flag”, a continuation pattern breakout around the 4210 level, accompanied by huge volumes. The daily and weekly RSI is in positive territory, quoting above the 50 mark, which signals rising strength.

ROHAN SHAH
TECHNICAL ANALYST, ASIT C. MEHTA INVESTMENT INTERMEDIATES

Where is Nifty headed?
After encountering resistance around the 24500–24700 zone, the index has undergone a measured pullback. Technically, the weekly structure reflects tight volatility compression with the formation of an inside bar setup. A decisive move above 24000 would trigger fresh directional momentum and potentially pave the way towards the 24700 level.

Meanwhile, on the downside, 23200 and 22700 are expected to act as key support levels. Trading Strategy It would be prudent to Buy Nifty Futures above the intermediate resistance level of 24000 for an upside target of 24700, maintaining a stop-loss below 23700 levels.

TOP STOCK BETS
Vishal Mega Mart – CMP Rs 121, stop loss at Rs 114, target Rs 135.

After rebounding sharply from the Rs 100 zone, the stock is signalling a possible trend reversal, with a bullish inverse Head & Shoulders pattern and improving RSI momentum supporting the move.

Vardhman Textiles – CMP Rs 610, stop loss at Rs 578, target Rs 675.

The stock has given a breakout from a four-year Ascending Triangle pattern, signalling strength in the prevailing uptrend. The move has been backed by healthy volume activity, indicating fresh buying interest and improving sentiment.

Business

Major Updates in Government, Finance, Travel, and Culture

Published

10 minutes ago

21 June 2026

NewsAdmin

Major Highlights Spanning Government, Finance, Travel, and Culture

Economic and Infrastructure Developments

Land Bridge and Malacca Strait Alternative

Thailand has revived its ambitious $30 billion Land Bridge project, a coast-to-coast corridor designed to challenge the dominance of the Malacca Strait. The proposal aims to create an alternative shipping route across the Thai peninsula, though analysts caution that bypassing Malacca remains a significant logistical and financial challenge given port capacity and regional competition. Reuters | Thailand Business News

Foreign Investment and Financial Inflows

Thailand is experiencing a notable surge in foreign investment, with inflows topping 154 billion baht in the first five months of the year, representing a 73% increase year-on-year. Bloomberg reports that funds are exiting Indonesia in favor of Thailand, signaling growing investor confidence. The government is also launching Thailand FastPass on June 23 to streamline and accelerate the investment approval process. Bloomberg | Nation Thailand

Energy and Offshore Drilling

Valeura Energy has successfully completed its Nong Yao drilling campaign in the Gulf of Thailand, including the region’s first multi-lateral well — a significant technical milestone. The campaign consisted of eight wells and is expected to boost Gulf of Thailand production. Separately, the US has streamlined civil nuclear export approvals to Thailand, stepping up support for the country’s energy diversification ambitions. Thailand Business News | Offshore Engineer Magazine

Semiconductor Ambitions

Thailand is advancing plans to become ASEAN’s semiconductor manufacturing centre, positioning the country as a key player in the global tech supply chain amid ongoing shifts in electronics production away from China. TV BRICS

Tourism and Travel

Vietnam Challenges Thailand’s Tourism Dominance

Vietnam is rapidly emerging as Southeast Asia’s fastest-growing tourism destination, threatening Thailand’s longstanding regional leadership. Driven by visa-free policy reforms, expanded airline networks, and a surge in Chinese outbound tourism, Vietnam is on track to overtake Thailand in visitor numbers. Thailand recorded a 25% drop in tourists from the Middle East, further pressuring its tourism targets. Travel and Tour World | Nikkei Asia

Visa and Tourism Policy Changes

Thailand is reviewing its visa-free stay policies, joining a global trend prioritizing tourism quality over sheer quantity. Phuket is pushing a hotel levy rising to 3% to generate billion-baht revenue for infrastructure and visitor experience improvements. Meanwhile, Norse Atlantic has expanded Thailand winter flight programs from the UK, Norway, and Sweden. Travel and Tour World | Thailand Business News

Chiang Mai as a Retirement and Expat Hub

Chiang Mai continues to attract retirees and expatriates from around the world, with the city experiencing a 140% boom in women-only co-living spaces. Expats cite the lower cost of living, quality lifestyle, and welcoming community as key draws. Indian couples and international relocators have publicly shared stories of enjoying equivalent rents with significantly better quality of life compared to their home countries. Business Insider | Thailand Business News

Culture, Sports, and Media

T-Pop and Soft Power

Thailand’s music industry is gaining international momentum, with T-Pop increasingly compared to South Korea’s K-Pop phenomenon. Thailand is also leveraging cultural exports, including the popularity of same-sex romance dramas, which have attracted millions of global viewers according to Bloomberg.

Sports Highlights

Thailand’s national volleyball team secured their first Volleyball Nations League 2026 victory, guided by Sasipapron Janthawisut. Meanwhile, Faridabad bodybuilder Manish Rajput won gold in Thailand, defeating a Pakistani rival. Thailand also features in the newly released Captain Tsubasa II: World Fighters game, with dedicated Japan vs. Thailand gameplay content released. Volleyball World

This summary reflects aggregated news reporting and does not represent editorial positions of any individual publication.

Source : Google News – Search

Business

Northern Small Cap Value Fund Q1 2026 Commentary

Published

1 hour ago

21 June 2026

NewsAdmin

Don’t Confuse Small-Cap Benchmark With Small-Cap Strategy

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives.

Entrusted with $1.2 trillion in assets under management as of March 31, 2024, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes.

As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. Note: This account is not managed or monitored by Northern Trust Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Northern Trust Asset Management’s official channels.

Business

Ramiro Valdes, lauded as hero of Cuban revolution, dies at 94

Published

1 hour ago

21 June 2026

NewsAdmin

Ramiro Valdes, lauded as hero of Cuban revolution, dies at 94

Business

People ticketed for vandalizing Washington Reflecting Pool to be fully prosecuted, US Attorney Pirro says

Published

2 hours ago

21 June 2026

NewsAdmin

People ticketed for vandalizing Washington Reflecting Pool to be fully prosecuted, US Attorney Pirro says

Business

France faces economic slack as structural shifts weigh on demand- Citi

Published

2 hours ago

21 June 2026

NewsAdmin

France faces economic slack as structural shifts weigh on demand- Citi

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