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Below the Quote on Post Market Comment 15 July 2025 by Mandar Bhojane, Research Analyst, Choice Broking

Indian equity markets ended on a strong footing on July 15, with both benchmark indices closing higher. The Sensex rose by 317.45 points or 0.39% to settle at 82,570.91, while the Nifty climbed 113.50 points or 0.45% to close at 25,195.80. Market breadth remained positive, with 2,475 stocks advancing, 1,422 declining, and 148 remaining unchanged, indicating broad-based buying interest across sectors.

On the technical front, Nifty witnessed a sharp bounce after retesting the 25,000 major support level. A close above 25,250, which is also above the 20-day EMA, could signal a bullish continuation. If sustained, the index may move towards 25,400 and 25,600 as the next resistance levels. A bullish "morning star" candlestick formation near support further strengthens the case for a short-term uptrend. Immediate support remains at 25,000, and traders holding long positions can maintain a stop-loss at this level while aiming for targets of 25,700 and 26,000.

Bank Nifty too showed strength, closing above the key 57,000 mark and forming a morning star pattern, indicating a bullish reversal. If the index sustains above 57,200, it may head towards 58,000 and 58,700 in the near term. Price action also shows support from the 20-day EMA, with immediate support placed at 56,700 and 56,400 levels. The overall trend remains positive as long as these support zones hold.

India VIX dropped 4.28% to 11.48, suggesting easing volatility and improved trader sentiment. In the derivatives segment, the highest Call open interest for Nifty is seen at the 25,300 and 25,500 strikes, hinting at resistance near those levels. On the Put side, the highest open interest is at the 25,000 strike, reinforcing it as a strong support area. This combination of technical and derivative signals points towards a potential upside if key levels are held.

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