IGI Logo

Published on 14-07-2025 10:38 am

Market Outlook

Nifty 50 ended the week at 25,149 from the peak of 25548. The market sentiment is neutral to negative, with the advance-decline ratio 0.32 indicating selling pressure. The decrease in India VIX suggests reduced market uncertainty. For 17 July Expiry, 25300 has highest Call OI build up followed by 25500 strike signalling potential resistance at these level, while on downside 25000 is key support area with highest Put OI build up. PCR at 0.55 reflecting more calls being traded compare to puts.

Click Here : https://tinyurl.com/3tybwae2

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 14-07-2025 10:37 am

BANKNIFTY

* The banking index declined in line with the broader bearish market sentiment but demonstrated relative resilience, marking its second consecutive weekly loss.

* It ended the week near its 20-days EMA, indicating that the current consolidation phase may continue until a clear breakout materializes.

* On the downside, support is established around the 56,200 level, aligning with the previous breakout zone.

* Conversely, a sustained close above 57,400 could alleviate recent selling pressure and potentially reignite upward momentum in the index.

Click Here : https://tinyurl.com/4ces5cks

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 14-07-2025 10:37 am

NIFTY

* Nifty traded under pressure on Friday and lost over half a percent, dragged down by weak cues.

* The session began on a negative note following disappointing results from IT major TCS, which further worsened due to profit-taking in heavyweight stocks across other sectors.

* As a result, the Nifty slipped below its first line of defense—the 20-day exponential moving average (20-DEMA)—disrupting the ongoing positive trend.

* In this environment, traders should exercise greater caution, focus on risk management, and be selective while identifying trading opportunities.

Click Here : https://tinyurl.com/4ces5cks

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 14-07-2025 10:16 am

Technical Outlook :

* The Bank Nifty remained range -bound for the first four sessions, and broke the range on the fifth day, registering a lower -high -low, suggesting continuation of the breather .

* Key point to highlight is that Bank Nifty has not even retraced 38 . 2 % of the prior 13 -session up move over the past 7 -sessions, indicating a slow, shallow pullback and a strong price structure . The index remains above its 20 -day EMA, a level it has consistently held since April, signaling the bull market template is intact . This, coupled with positive market breadth, supports the ongoing higher - high -low structure, underscoring a well -established uptrend which open the gates towards 58800 levels in coming quarter which is the implied target of the consolidation from (56098 -53483 ) . The support base is maintained at 55 ,500 , which represents the 50 % retracement of (53 ,483 –57 ,628 ) and aligns with the 50 -day EMA . Consequently, any dip from current levels could offer fresh buying opportunities .

* Underperforming the benchmark, PSU bank witnessed profit booking after the 8 % upmove, indicating breather . After breaking out from an eleven -month falling trendline on 19th May, the index has maintained a higher -high -low structure on the weekly chart, signaling an intact uptrend . While Bank Nifty trades below ~ 1 % from its all -time highs, the PSU Bank index remains about 14 % below its all -time high, presenting a compelling case for a catch -up move . Immediate support on the downside is placed at 6 ,700 , which is the recent swing low and coincides with the 20 -week EMA .

* Structurally, Bank Nifty is undergoing phase -wise expansion, with each rally establishing new price zones of acceptance . Instead of sharp directional moves, the index is progressing through brief consolidations that serve as launchpads for subsequent advances . This transition from volatility -driven swings to range -bound bases suggests increasing market maturity, with demand emerging at higher levels . The narrowing amplitude of corrections indicates that stronger hands are absorbing supply, maintaining trend continuity .

Click Here : https://tinyurl.com/4uvxaxay

Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631

Published on 14-07-2025 10:16 am

Technical Outlook

Day that was

* The Bank Nifty remained subdued for a second straight week, weighed down by ambiguity over the India -US trade agreement and closed the week at 56755 , down 0 .49 % . The Nifty Pvt Bank index closed on a flat note, and ended at 28 ,075 , 0 .03 % 

Click Here : https://tinyurl.com/4uvxaxay

Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.htmlSEBI Registration number INZ000183631