Powered by: Motilal Oswal
2025-07-07 09:12:41 am | Source: Religare Broking Ltd
Nifty remained volatile for yet another session and ended on a flat note - Religare Broking Ltd
Nifty remained volatile for yet another session and ended on a flat note - Religare Broking Ltd

NIFTY

* Nifty remained volatile for yet another session and ended on a flat note.

* The tone was negative in the first half; however, a decent recovery in heavyweight stocks pared all the losses as the day progressed, helping the index close near the day’s high at the 25,461 level.

* We recommend maintaining a “buy on dips” approach until the Nifty decisively breaks below the 25,200 level, with a strong focus on stock selection.

* Despite the recent outperformance, the broader indices are still holding up well; however, one should remain cautious, given the potential for profit booking at higher levels.

 

BANKNIFTY

* After two consecutive days of declines, banking index closed the week with modest recovery, ended Friday's session in the green.

* The index continues to trend upward within a rising channel, indicating that the primary trend remains positive.

* Banking stocks showed mixed performance: Icicibank and Aubank gained upward momentum, while Indusindbk and Federalbnk experienced weakness.

* Key resistance is observed near all-time high of 57,628.40, while the 56,390–56,100 range is expected to act as strong support, provided by 50% and 61.8% Fibonacci retracement levels of recent up-move.

 

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here