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A very tough and interesting contest of ups and downs was seen in the last trading session in the Indian stock market. On the day of weekly expiry of Sensex, the market completely failed to maintain the initial rise and due to heavy selling pressure from upper levels, both Nifty and Sensex closed in the red. After the huge rise the day before yesterday, the Nifty closed almost flat in the last session, while the Sensex fell by about 135 points. However, it was a matter of relief that the smallcap index managed to close with gains, while the midcap index saw a slight decline.
Nifty ends trading session with a slight fall of just 4 points 23,655 Closed at the level of. At the same time, Bombay Stock Exchange Sensex fell by 135 points. 75,183 But he came. Talking about the banking sector, Bank Nifty also did not remain untouched by the pressure and with a weakness of 123 points 53,439 Closed at the level of. Apart from this, the midcap index fell by 23 points to 61,301.
Now the biggest question is that how will the market move in the trading session today (22 May 2026), how much will be the impact of global signals and which stocks will create earning opportunities? Join us for a complete and accurate technical analysis of this. Well-known market expert Ashish Baheti of Profit Mart Securities.
Nifty Technical Outlook
According to Ashish Baheti, even though Nifty appeared flat at the time of closing yesterday, if you look closely at the entire intraday trading session, the market opened with a good gap-up. Nifty showed rise during the day 23,850 Had also crossed the very important level of. But instead of sustaining at this high level, a strong profit taking was seen in the market, which completely pushed the bulls on the backfoot.
Expert Strategy: “From an intraday technical perspective, there is still a good scope for shorting (selling) on the charts. Traders are advised to trade in Nifty for today’s session. Strict stop loss of Rs 23,750 It would be advisable to sell (short position). If weakness increases in the market, then on the downside Nifty will touch 23,500 level again and if that support is also broken, the index may fall to 23,000 level also.”
Bank Nifty Outlook
Giving his opinion on the Banking Index, Ashish Baheti said that even on the charts of Bank Nifty, there is a lot of weakness and resistance at the upper levels. A major global reason behind this is the rising prices of crude oil. Crude oil (Brent crude) is rising once again in the international market. $109 per barrel Which directly weakens the sentiment for Indian banks and the economy.
In such a situation, the trend of decline in Bank Nifty may also continue in today’s trading session. The strategy for traders should be that they Stop loss around 53,550 Maintain and adopt a sell stance on rise. Bank Nifty on the downside once again in today’s session 53,000 Can come down to testing the psychological level of.
Ashish Baheti’s favorite pick (Top Stock Investment Pick)
| stock name | current sentiment | Stop Loss | Short-term target |
| Canara Bank | Bottom Formation (Strength) | ₹125 | ₹135 |
Talking on today’s stock specific strategy, Ashish Baheti said that even in this falling market, he PSU Banks (Government Banks) The structure looks quite strong and attractive. As his today’s favorite and jackpot pick, he has named the government sector stalwart Canara Bank Has chosen.
He said that Canara Bank shares are currently undergoing a strong ‘bottom formation’ (forming a base at lower levels) on the technical charts, which is an indication that the downside is now limited. The stock managed to deliver a flatish and positive trade even in yesterday’s highly volatile session and maintained its strength throughout the intraday. Therefore, investors and short-term traders should invest in Canara Bank. Stop loss of ₹125 Strong advice is to buy. This stock in a very short time ₹135 Has the potential to achieve excellent short-term targets up to Rs.