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Below the Quote on Post Market Comment 22 July 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd

Indian equity markets ended on a flat to negative note on July 22, after trading sideways throughout the session. The Sensex dipped marginally by 13.53 points or 0.02% to close at 82,186.81, while the Nifty slipped 29.80 points or 0.12% to settle at 25,060.90. Market breadth remained weak, with 988 stocks advancing and 1,492 declining, reflecting broad-based selling pressure across sectors despite range bound movement during the day.

The Nifty index opened on a gap-up note but failed to sustain higher levels, facing rejection and trading sideways for most of the session. By the end of the day, it settled on a negative note. On the daily chart, the index formed a strong bearish candle, reflecting rejection from its short-term 20-day EMA, indicating building selling pressure and possible short-term weakness. On the downside, immediate support is seen at 25,000, followed by 24,900. A breach below these levels may trigger further downside. On the upside, immediate resistance lies at 25,200, followed by the 25,300–25,500 zone. A decisive move above this resistance range is essential to revive bullish momentum and attract fresh buying interest. Top gainers in the Nifty 50 were Eternal, HDFC Life, Titan, Hindalco, and BEL, while the top losers included Shriram Finance, Eicher Motors, Adani Ports, Tata Motors, and Jio Financial.

The Bank Nifty index ended on a negative note, declining by 196.75 points or 0.35%, and formed a strong bearish candle on the daily timeframe, indicating increasing selling pressure and a possible pause in the ongoing bullish trend. On the downside, immediate support is placed at 56,500, followed by a stronger support zone in the 56,300–56,000 range. A breach below these levels could lead to further weakness. On the upside, 57,000 is the immediate resistance, followed by 57,200. The index needs to hold above these resistance levels for the bullish trend to resume and sustain. Until such a breakout occurs, the near-term trend remains cautious, and traders are advised to approach the market with a sell-on-rise strategy and proper risk management.

India VIX declined by 4.02% to 10.7525, suggesting low volatility and a stable to mildly positive sentiment in the market. On the derivatives front, the highest Call Open Interest (OI) for Nifty is seen at the 25,100 strike, followed by 25,200, indicating potential resistance at these levels. On the Put side, the highest OI is placed at 25,000, followed by 24,900, highlighting strong support zones. This OI setup indicates that the 25,000–25,200 range will be crucial for Nifty’s near-term directional move, with traders closely watching for a breakout or breakdown from this zone.

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