Quote on Post Market Comment 07July 2025 by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on Post Market Comment 07July 2025 by Mandar Bhojane, Research Analyst, Choice Broking
On July 7th, Indian equity markets ended on a flat note, despite witnessing notable intraday volatility. The Sensex gained 193.42 points or 0.23% to close at 83,432.89, while the Nifty rose by 55.7 points or 0.22% to settle at 25,461.
The Nifty 50 opened on a positive note but failed to maintain upward momentum and traded sideways throughout the session. It closed slightly higher, forming a green candle that followed up on the previous session’s bullish hammer pattern. A sustained move above the 25,500 level could potentially open the path for an upside towards 25,750. On the downside, immediate support is seen at 25,222 and 25,120, which may act as key entry points for long positions.Among the major laggards on the Nifty were Tech Mahindra, Bharat Electronics, UltraTech Cement, ONGC, and Eternal. On the other hand, notable losers included HUL, Tata Consumer, Nestle India, Jio Financial, and Eicher Motors.
The Bank Nifty index also ended the day flat, declining by 82 points and forming a Gravestone Doji pattern, indicating increasing selling pressure. A sustained break below the key support level of 56,830 may lead to further downside towards 56,500 and 56,300. However, if these levels hold and a reversal occurs, it could provide fresh buying opportunities. On the upside, resistance is expected around 57,100–57,200, with a breakout above this zone likely to trigger a rally toward 57,500.
Meanwhile, the India VIX, a gauge of market volatility, edged higher by 1.99% to 12.56, reflecting rising uncertainty among market participants. In the derivatives segment, open interest (OI) data showed the highest call writing at the 25,500 and 25,600 strike prices, while the maximum put OI was concentrated at the 25,400 level. This setup indicates strong resistance around 25,500, although overall sentiment remains cautiously optimistic. A decisive close above this level will be critical to sustaining any bullish momentum in the near term.
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