Daily Technical Report 21July 2025 by Axis Securities Ltd
Daily Technical Outlook
On Friday, Nifty closed at 24,968, slipping 143 points. On the daily chart, it formed a sizable bearish candle with a lower high–low and closed below the previous session’s low, signalling extended weakness.
Bank Nifty ended the day at 56,283, down 546 points. The index also posted a bearish candle with a lower high–low formation and breached the crucial support level of 56,500, reinforcing a bearish bias and hinting at further downside.
Our trend score analysis of the Nifty and Bank Nifty suggests a bearish outlook for both benchmarks.
Kindly refer to the attached report for deeper insights, including pivot levels, key metrics, and top gainers and losers.
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