Stock Market Today: Gift Nifty Down 39 Pts; Key Levels To Watch For Nifty, Sensex & Nifty Bank

Indian benchmark indices are apt to unfastened connected a muted statement connected Monday, search nan weakness successful nan Asian markets, while US banal futures were trading little successful nan early trade. However, a anemic US dollar whitethorn support nan sentiments backmost home, while traders will beryllium keenly looking astatine India Inc's net kicking-off later this week.

Nifty futures connected nan NSE International Exchange traded 39.10 points, aliases 0.15 per cent, little astatine 25,501, hinting astatine a antagonistic commencement for nan home marketplace connected Monday. Stock markets slipped successful Asia amid overmuch disorder complete US tariffs. Nikkei and KOSPI were down half a per cent each, while Hang Seng was marginally down.

Indian equities witnessed a shape of profit booking this week, pursuing a crisp rally successful caller sessions. Mixed world cues and nan impending US tariff deadline person prompted investors to adopt a wait-and-watch approach, said Vinod Nair, Head of Research, Geojit Investments Limited.

Wall Street observed a vacation connected Friday connected nan relationship of Independence Day. In nan coming week, Investors will beryllium keeping a adjacent oculus connected tariff headlines retired of Washington adjacent week, arsenic a impermanent suspension of punitive import levies is group to expire.

Safe-haven bonds were a amended bid, pinch 10-year Treasury yields down almost 2 ground points astatine 4.326 per cent. Major currencies were small changed arsenic nan dollar scale continued to languish adjacent four-year lows astatine 96.913. The dollar has been undermined by investor concerns astir Trump's often chaotic tariff policy.

In commodity markets, golden slipped 0.3 per cent to $3,324 an ounce, though it did summation almost 2 per cent last week arsenic nan dollar fell. Brent dropped 52 cents to $67.78 a barrel, while US crude fell $1.01 to $65.99 per barrel. Oil prices slid anew aft nan Organization of nan Petroleum Exporting Countries and their allies.

The coming week holds important value not only for Indian markets but for world equities arsenic well. The astir anticipated arena is nan result of nan US waste and acquisition deadline connected July 9, which could style world waste and acquisition dynamics, said Ajit Mishra, SVP of Research at Religare Broking. "Investors will intimately show nan merchandise of nan US Federal Reserve’s FOMC minutes connected nan aforesaid day."

Provisional information disposable pinch NSE propose that FPIs turned nett sellers of home stocks to nan tune of Rs 1,028.84 crore connected Friday. On nan different hand, home organization investors (DIIs) turned sellers of Indian equities to nan tune of Rs 760.11 crore connected a net-net basis. FPIs pulled retired Rs 1,421 crore from nan Indian Equities successful July truthful far.

Despite nan antagonistic undertone, world economical indicators remained supportive, pinch better-than-expected US ISM manufacturing information and a beardown non-farm payrolls study signaling resilience successful nan world’s largest economy, said Puneet Singhania, Director astatine Master Trust Group.
 

Nifty & Sensex outlook

For nan bulls, 25,500/83,600 would enactment arsenic an contiguous guidance zone. If nan marketplace succeeds successful trading supra this level, it could move up to 25,670/84,100, said Amol Athawale, VP of Technical Research astatine Kotak Securities. "A successful breakout supra this could push nan marketplace towards 25,800–25,900/85,000-85,300. On nan flip side, if nan marketplace falls beneath 25,300/8,3000, sentiment could move negative, Below this level, nan marketplace could gaffe to 25,000–24,950/82,100-81,900."

Nifty has resumed its upward trajectory aft breaking retired of its caller consolidation range. The scale is successful Wave 5 of an Elliott Impulse building connected nan play chart, indicating a continuation of nan bullish trend, said Choice Broking. "The adjacent awesome upside targets are seen astatine 27,300 and 28,600. On nan downside, cardinal supports are placed astatine 25,000 and 24,500," it added.
 

Nifty Bank outlook

Bank Nifty connected nan play floor plan has formed a mini carnivore candle pinch a higher precocious and higher debased signaling consolidation aft nan caller beardown up move. Key support is placed astatine 56,000–55,500 regions, Bajaj Broking said. "We expect nan scale to participate consolidation successful nan scope 56,000-57,500 successful nan coming sessions. Only a move supra 57,500 will unfastened further upside towards 58,500 levels."

The Bank Nifty is showing spot by holding supra nan 57,000 zone, pinch today’s candle forming a mild betterment aft a fewer profit-booking sessions, suggesting bulls are still defending higher levels, said Vikas Jain, Head of Research astatine Reliance Securities. The 20-day SMA is sloping upward and providing move support adjacent 56,500, which is simply a cardinal level to watch if nan scale dips, he said.