Market Prediction for 13 May : Super Candle Formed, know the Reasons ?

May 12, 2025

Written By marketgains.in

Market Prediction: When India-Pakistan tensions were at their peak just a few days back, the entire market was gripped with fear. Retail investors, especially new ones, liquidated their portfolios anticipating a massive correction. But in a surprising turn, after two days of ceasefire and easing geopolitical noise, the Indian stock market gave a strong bullish signal. Nifty opened with a massive gap-up of over 500 points and sustained buying momentum throughout the day. It didn’t just hold the gains — it ended the session at the day’s high.

Nifty surged nearly 900 points, Bank Nifty shot up 1800 points, and Sensex closed with an impressive 3000-point gain. This powerful candle is now being called a “Super Candle” by many technical analysts. The question arises — is this the beginning of a sustained uptrend or just a trap for retail participants? Let’s decode the data in detail.

Nifty 50 Prediction: change it to match the title and start writing.

📌 Table of Contents

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Market Overview – A Pause Before the Action

🔍 Nifty 50 Snapshot (3.82%)

Open HighLowClose
24,420.1024,944.8024,378.8524,924.70

📊 Market Breadth (Nifty 50)

ADVANCEDFLAT (<0.25%)DECLINES
4802

📈 Nifty Movers

TOP GAINERSGAIN %TOP LOOSERSLOSS %
ADANIENT7.73 %INDUSINDBK– 3.45 %
INFY7.69 %SUNPHARMA– 3.15 %

🏦 Nifty Sectoral Performance

  • All sectors closed in the green with solid gains.
  • Most gained over 3%.
  • IT with 6.70 % and Reality with 5.93 % are ther leaders.
  • Pharma: Slight underperformance at +0.16 %
  • Nifty Midcap, Small cap stocks runs more that Nifty 50.
Nifty Sectoral Performance table

🔍 Technical Analysis – Is This Pause Significant?

Key Levels:

  • Support: 24,500, 24,600
  • Resistance: 25,000, 25,280

Price Action:

  • The market gave a clear breakout with strong volume.
  • A massive bullish candle suggests follow-through buying might continue.
  • Crossing today’s high will confirm further upside momentum.

RSI 14

  • Hourly: RSI at 77; potential to stretch till 85.
  • Daily: RSI at 67; first hurdle may come around 70.
Market Prediction - Nifty Day TF Chart

📊 Open Interest (OI) Data

  • Resistance: 25,000 CE ➜ 67.45 lakh OI
  • Support: 24,800 PE ➜ 50 Lkh OI

🧮 OI Build-Up:

IndexPRICE %OI %BUILDUP
NIFTY4.1%8.89 %Long Buildup
BANK NIFTY3.61%10.45 %Long Buildup
FINNIFTY4.18%4.71%Long Buildup

🌐 FII & DII Data (Will Update soon)

FII : +1,246.48 Cr. Buy in Cash
DII : +1,448.37 Cr. buy in Cash

  • FII has bought +7,771.00 Cr. in Index Options too.

🧠 Market Prediction & Trade Plan

The market has given a textbook breakout. Whether this momentum continues will depend on global cues and institutional flows. Watch for follow-through above 25,000 – if that gets taken out with volume, expect 25,280 next. However, any gap-down tomorrow would be a cautionary sign.

📘 Key Learning from Today’s Market

  • Major resistance/Support zones often break with powerful candles or gap-ups.
  • Retailers get trapped either before or after such big moves if not planned.
  • Super Candles are not random – they show strong institutional intent.

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📣 What’s Your Take?

Do you think ******?
💬 Drop your thoughts in the comment section!

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