Market Sentiment & Technical Overview:
·
The Nifty 50 finished
last week on a weak note, closing at 24,837, down 0.9%, as selling pressure
intensified across most sectors.
·
The index has slipped
below critical support zones (24,900 and its 50-DMA), signaling a bearish shift
for the short term. The technical trend is now seen as negative, with the
Relative Strength Index (RSI) hitting oversold levels, but not yet indicating a
confirmed reversal.
·
Immediate support levels are seen at 24,742–24,700, with
further support near 24,500. Resistance is
capped at 25,000–25,250.
·
Most analysts are
advising a “sell on rise” approach until Nifty decisively
closes above 25,100, which would mark a resumption of bullish momentum. Until
then, any bounce is likely to remain limited by resistance zones.
Key Drivers for the Session:
·
Weak
earnings from heavyweight
stocks (especially financials and IT) and FII outflows contributed to last
week's decline.
·
Global cues remain
muted, and market action is expected to be choppy, with a consolidative or
marginally negative bias at open unless aided by positive surprises from key
results or news.
·
Volatility has picked up as seen in the rise of India
VIX, suggesting further fluctuation is likely in the short term.
·
Only a decisive move
above 25,100–25,250 will turn the trend bullish; otherwise, traders should be
cautious and manage risk tightly.
Summary Table: Nifty 50 Key
Levels for 28 July 2025
Support |
Resistance |
Trend |
Analyst
View |
24,700–24,500 |
25,000–25,250 |
Bearish/Sideways |
Sell
on rise, avoid fresh longs unless breakout |
Best Practice:
Stay nimble in trades and watch for support at lower levels. If there is no
strong bullish move above 25,100, avoid aggressive long positions. Intraday
traders may find opportunities in sectors showing relative strength (like
Pharma), but broad indices are expected to remain weak or consolidate within
these ranges.
These projections are
based on current market conditions and technicals available as of the last
trading session and may quickly change depending on overnight developments.