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Bellow the Quote on Post Market Comment 30th July 2025 by Mandar Bhojane, Research Analyst, Choice Broking

Indian equity markets ended higher on July 30, 2025, after a volatile session driven by monthly F&O expiry and investor caution ahead of the U.S. Federal Reserve's rate decision and commentary. The Sensex gained 143.91 points (0.18%) to close at 81,481.86, while the Nifty rose 33.95 points (0.14%) to settle at 24,855.05. Broader market indices also saw marginal gains, reflecting a mixed undertone. Sectorally, IT, FMCG, and capital goods supported the rally, while auto, PSU banks, and realty stocks witnessed selling pressure.

On the technical chart, the Nifty formed a bullish hammer candle, closing above the previous day's high, which indicates a potential follow-up rally. The index is trading above its 100 EMA, showing strength, and a close above the 50 EMA (24,935) would further confirm a bullish reversal. If sustained, the index could head towards 25,200 and 25,800 in the coming sessions. On the downside, support is placed at 24,590–24,400, making it a zone for potential dip-buying.

Bank Nifty, after breaking down from a narrow consolidation range, retested its breakdown level and is now hovering around a key zone. A sustained move above 56,275 may lead to a rise toward 57,000 and 57,630, while support lies at 55,500–55,150. The RSI stands at 44.14 and remains flat, indicating a lack of clear momentum for now. However, the broader price structure still reflects a bullish bias, and dips may offer entry opportunities for positional traders.

In the derivatives segment, India VIX fell 2.78% to 11.2050, signaling reduced market volatility and improved trader sentiment. On the options front, the highest Call open interest is at the 25,000 and 25,200 strikes, suggesting overhead resistance zones, while the highest Put open interest is at the 24,800 strike, indicating a strong support base. Overall, the technical and derivative setup hints at a potential upside continuation, provided key support levels are held.

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