NIFTY 50 — Today to Next WeekImmediate Support
24,200 – 24,100
Important short-term support zone.
Buyers are expected to defend this area.
Strong Support Zone
23,900 – 23,750
If this breaks, broader weakness can enter the market.
Immediate Resistance
24,450 – 24,550
Current breakout zone.
NIFTY needs strong closing above this level for continuation.
Upside Targets
24,800
25,000
Extended swing target near 25,300
Market Structure
Bullish Case
If NIFTY:
holds above 24,200
and breaks 24,550
Then upside momentum may continue toward:
24,800
25,000
25,300
Bearish Case
If NIFTY:
breaks below 24,100
Then downside levels become:
23,900
23,750
What to Watch This Week
1. BANKNIFTY Direction
NIFTY Bank strength usually drives NIFTY momentum.
2. FIIs & Global Markets
US market trend
Bond yields
Dollar Index
Crude oil movement
These can heavily impact weekly sentiment.
3. IT & Banking Stocks
Watch leaders like:
HDFC Bank
ICICI Bank
Reliance Industries
Infosys 
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MTAR Technologies Ltd - Breakout Setup, Move is ON...#MTARTECH trading above Resistance of 7044
Next Resistance is at 9896
Support is at 4838
Here are previous charts:
The Parallel channel is a powerful chart pattern that combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk.
Generally speaking, there are three types of Parallel channel:
Parallel Channels that are angled up are called ascending parallel channels.
Parallel Channels that are angled down are descending parallel channels.
Parallel Channels in which the trend lines are horizontal are called horizontal channels, trading ranges, or rectangles.
Ascending and descending parallel channels are also called trend channels because the price is moving more dominantly in one direction.
If the price breaks out of a trading parallel channel to the upside, the move could indicate that the price will rally further. For example, the chart above shows a parallel channel and breakout in MTAR Technologies Ltd stock.
MTAR Technologies Ltd broke descending Parallel channel on October 13, 2025 after 3 years.
Further, chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade. 
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Nifty AnalysisWhere is Nifty right now?
Nifty closed at 23,689 on Thursday May 14. After a brutal fall earlier this week (it touched ~23,300), it bounced back for 2 days in a row. So right now it's in a recovery mood — but it hasn't really "fixed" itself yet. Think of it like someone who had a fever, now feeling slightly better, but not fully healthy.
2 What's the wall above? (Resistance)
If Nifty tries to go up next week, it will hit a wall around 23,500–23,600 first. That's the first test. If it somehow crosses that, the BIGGER wall is at 23,900–24,000 — where all the major moving averages (50-day & 200-day) are sitting. Lots of sellers will be waiting there to book profits. So going above 24,000 next week? Unlikely unless something very positive happens.
3 What's the floor below? (Support)
If Nifty starts falling, the first safety net is around 23,300–23,150. This zone has held multiple times recently. If it breaks this level decisively (and stays below it), then the next stop could be 23,000 or even 22,900. That's the danger zone — but that's not the most likely scenario for next week.
4 What's working in Nifty's favour?
Good news that could push it up:
• Govt is reportedly planning to cut bond taxes for foreign investors — this could bring big money into India
• US-China trade tension eased a bit after the Trump-Xi summit
• Foreign investors (FIIs) started buying again in late April after months of selling
• Big companies like HDFC, ICICI, Reliance posted solid quarterly results
Education
AUDUSD_DThe AUD/USD pair appears to have completed a five-wave Elliott structure on the Daily timeframe, while a clear bearish divergence is visible on both the Daily and Weekly timeframes.
In addition, a bearish Butterfly harmonic pattern is forming on the Weekly chart, increasing the probability of a medium-term downside correction.
As long as price remains below the invalidation level, the market outlook stays bearish, and we expect a decline toward the following targets:
0.69229
0.68254
0.67055
A confirmed breakdown below 0.70951 could provide a potential trigger for short positions.
However, if price breaks and sustains above 0.72770, this bearish scenario will be invalidated.
Fundamental Analysis (Related to Your Setup)
From a fundamental perspective, several factors could support bearish pressure on AUD/USD in the coming weeks:
* A stronger US Dollar driven by expectations of higher-for-longer interest rates from the Federal Reserve may continue to weigh on the Australian Dollar.
* Weakness in global growth sentiment and slower demand from China — Australia’s largest trading partner — could negatively impact commodity-linked currencies such as AUD.
* Declining risk appetite in global markets typically strengthens the USD while pressuring higher-beta currencies like AUD.
* If commodity prices, especially iron ore and industrial metals, continue to soften, the Australian Dollar may face additional downside momentum.
* Meanwhile, a cautious stance from the Reserve Bank of Australia compared with the Fed could further widen policy divergence in favor of the US Dollar. Hang Seng Under Pressure: Geopolitical RealityHang Seng Under Pressure: Between Beijing's Hopes and Geopolitical Reality
The Hong Kong stock market closed lower on Friday, May 15, 2026, with the Hang Seng Index falling 205 points, or 0.8%, to 26,180. This decline reflects investor caution in Asia, a stark contrast to the euphoria of record highs on Wall Street.
While the AI narrative is boosting US markets, investors in Hong Kong are more focused on geopolitical realities and the risk of energy inflation.
✅ Awaiting the Outcome of the Trump-Xi Summit
Despite optimism regarding US-China relations, traders in Hong Kong are opting for a defensive stance:
- Risk Aversion: Investors are reluctant to take aggressive positions before an official statement from Beijing on sensitive issues, including President Xi's previous threat of a "clash" over Taiwan.
- Financial & Technology Sector Weakens: Declines in giants like Tencent (-0.3%) and Kuaishou (-0.2%) indicate that the market is still awaiting clarity on cross-border regulations and further technology access.
✅ Semiconductor Sector Anomaly (SMIC: +6.2%)
Amid the index's decline, Semiconductor Manufacturing International Corporation (SMIC) surged sharply:
- Chip Diplomacy Effect: This surge was a direct response to news that the US approved 10 Chinese companies to receive Nvidia's H200 chips. The market speculates that this technology de-escalation will accelerate the integration of the domestic semiconductor supply chain. 
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