Quote on Morning Outlook 22 July 2025 from Mandar Bhojane, Senior Technical & Derivative Analyst - Research at Choice Equity Broking Private Limited
Below the Quote on Morning Outlook 22 July 2025 from Mandar Bhojane, Senior Technical & Derivative Analyst - Research at Choice Equity Broking Private Limited
"Indian benchmark indices are poised to open on a positive note today, as indicated by the GIFT Nifty, which signals a marginal uptick of around 55 points in the Nifty 50. Market sentiment remains cautiously optimistic, following a volatile yet constructive
close in the previous session.
The Nifty 50, after a strong rebound from its intraday low of 24,900, surged nearly 225 points to close above the 25,000 mark, forming a bullish candlestick pattern. The rebound from the 50-day EMA indicates a potential trend reversal, though confirmation
through follow-up buying is awaited. On the upside, a sustained move above 25,150 could pave the way toward 25,250. Key support levels remain at 25,000 and 24,900, which may offer favorable risk-reward opportunities for long positions.
Bank Nifty also posted strong gains, rising 669 points and closing with a bullish candle, reflecting renewed buying interest. While the index must sustain above 56,800 to avoid near-term weakness, key support lies at 56,600 and 56,230. Resistance is seen
around 57,170–57,350, and a decisive breakout above this zone could trigger a move toward 58,000.
On July 21, Foreign Institutional Investors (FIIs) were net sellers for the third consecutive session, offloading equities worth Rs.1,681 crore. In contrast, Domestic Institutional Investors (DIIs) remained strong buyers for the 11th straight day, purchasing
equities worth Rs.3,578 crore.
Given the backdrop of heightened volatility and mixed global cues, traders are advised to adopt a cautious 'buy-on-dips' approach. Booking partial profits during rallies and maintaining tight trailing stop-losses is recommended to manage risk. Fresh long
positions should be considered only if Nifty sustains above the 25,250 level. While the broader market trend remains cautiously bullish, close monitoring of key technical levels and global triggers is essential."
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