Indian Stock Market & Crypto Update - May 30, 2025
Looking for the latest Nifty 50 prediction today or wondering where Bitcoin support levels lie as of May 30, 2025? This daily blog post brings you key updates and technical analysis for the Indian stock market and the crypto market, helping you stay ahead in your trading strategy.
With Sensex support and resistance levels tightening and Ethereum showing potential breakout signs, traders need to watch these price points carefully. Let's dive into today's trends and important setups for Bank Nifty, BTC, and more.
📰 Top Market-Moving News
1. Indian Stock Market Updates
Nifty Hits Record High, Then Retreats
- Nifty 50 briefly touched 23,000 but faced profit booking.
- Key Drivers: Strong FII inflows, GDP growth optimism.
- Next Triggers: RBI policy (June 6), US PCE inflation data (May 31).
Bank Nifty Underperforms
- HDFC Bank, ICICI Bank drag index; resistance at 49,500.
- RBI Warning: Tighter NPA norms may pressure banking stocks.
Reliance & IT Stocks Shine
- RIL nears ₹3,000 on Jio Financial Services spin-off buzz.
- Infosys, TCS up 2% on new AI deals from US clients.
2. Crypto Market News
Bitcoin Holds ₹55L, ETH Eyes ETF Decision
- BTC Support: ₹55L ($66.5K); Resistance at ₹58L ($70K).
- ETH ETF Verdict: SEC expected to decide by June 3—approval could trigger a rally to ₹3.5L+.
India's Crypto Regulations Update
- SEBI proposes stricter KYC for exchanges amid tax evasion concerns.
- Meme Coin Mania: SHIB, PEPE surge 15% in 24 hours.
📉 Key Support/Resistance Levels
| Asset | Support | Resistance | Trend |
|---|---|---|---|
| Nifty 50 | 22,600 / 22,400 | 23,000 / 23,200 | Bullish Consolidation |
| Bank Nifty | 48,800 / 48,000 | 49,500 / 50,000 | Weakness in Pvt Banks |
| BTC/INR | ₹55L / ₹53L | ₹58L / ₹60L | Sideways |
| ETH/INR | ₹3L / ₹2.85L | ₹3.2L / ₹3.3L | ETF Decision Watch |
🚀 What to Watch Today
- 3:30 PM IST: European markets open—global risk sentiment check.
- US PCE Data (May 31): Could impact Fed rate cut bets.
- FII Activity: Sustained buying may push Nifty beyond 23K.
💡 Trader's Takeaway
- Stocks: Buy dips in IT/Reliance; avoid banks till RBI clarity.
- Crypto: ETH ETF = high volatility trade; BTC rangebound.
Update at 7 PM IST: We'll track closing trends and US pre-market cues. Stay tuned!
