Market Outlook for 09 September 2024
Market Outlook for 25 July 2024
![Market Outlook for 25 July 2024 Market Outlook for 25 July 2024](https://storage.googleapis.com/5paisa-prod-storage/files/2024-07/Market%20Outlook_15.jpg)
![Ruchit Jain Ruchit Jain](https://storage.googleapis.com/5paisa-prod-storage/files/2022-05/Ruchit-Jain.jpg)
Last Updated: 25th July 2024 - 11:00 am
Nifty Prediction for Tomorrow - 25th July
Post the Budget session, Nifty traded within a range with a negative bias in Wednesday’s session and ended the day with marginal loss above 24400. The Banking stocks were the main draggers while the broader markets witnessed a positive momentum.
While we have seen some event based volatility in last couple of sessions, there seems to be more of stock specific interest in the market while the index is going through a corrective phase. This seems to be a time-wise correction for the index as the broader markets have been doing well, while the RSI oscillator on the benchmark is hinting at a continuation of the corrective phase.
Hence, traders are advised to trade with a stock specific approach for the near term. The immediate support for the Nifty is placed around 24200 followed by 24000 while 24700-24800 is the resistance zone.
Bank Nifty underperforms while stock specific momentum positive
Bank Nifty Prediction for Tomorrow - 25th July
The Nifty Bank index underperformed on the weekly expiry day as corrected as selling pressure was seen in the private sector heavyweights. The hourly readings have entered the oversold zone and hence, there could be some pullback move, but the daily charts are not yet bullish and hence, it is better to wait for some reversal signs. The immediate support is placed around 50600 while resistance is in the range of 51900-52150.
Nifty, Bank Nifty Levels and FINNIFTY Levels:
NIFTY Levels | SENSEX Levels | BANKNIFTY Levels | FINNIFTY Levels | |
Support 1 | 24300 | 79769 | 50750 | 22960 |
Support 2 | 24200 | 79370 | 50200 | 22750 |
Resistance 1 | 24500 | 80530 | 51900 | 23380 |
Resistance 2 | 24600 | 80900 | 52500 | 23590 |
Trending on 5paisa
Discover more of what matters to you.
Market Outlook Related Articles
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.