Daily Technical Report 23rd July 2025 by Axis Securities Ltd
Nifty ended the last session at 25,061, slipping 30 points. On the daily chart, the index formed a bearish candle but managed to find support near the 40-day EMA.
Bank Nifty settled at 56,756, down 197 points, forming a sizable bearish candle on the daily chart and closing below the 20-day SMA, signalling a weakening bias and building downside pressure.
Our trend score analysis of the Nifty and Bank Nifty suggests a bearish outlook for both benchmarks.
Please find the attached report for comprehensive insights, including pivot levels, key metrics, and a list of top gainers and losers.
NIFTY
Daily Pivots
BANK NIFTY
Daily Pivots
For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633
