Stock Market today by Vaishali Parekh
Vice President — Technical Research at Prabhudas Lilladher)
Market Preview for 29 July 2025
Market Weakness Persists Amid FII Outflows
The Indian equity benchmarks ended Monday on a weak note as persistent FII selling and negative cues from Asian markets weighed heavily on sentiment. The Nifty 50 opened flat and traded range-bound with volatility in the first half. However, intensified selling pressure in the latter half dragged the index to close near its intraday low at 24,680.90, down 156.10 points or 0.63%.
The bearish undertone extended to the broader markets as well. The Nifty Midcap 100 slipped 0.84% and the Nifty Smallcap 100 lost 1.26%, signaling continued risk aversion across market capitalisations.
Sectoral Pressure Continues; Realty Stocks Lead Decline
Market breadth remained weak on Monday with only the Pharma index managing to stay in the green, while most other sectors faced selling pressure. The Realty sector plunged 4%, followed by the Media pack down 2.7%. Capital goods, metals, telecom, PSU banks, and private banks also witnessed broad-based declines, slipping in the range of 1% to 1.5%.
Market Outlook by Vaishali Parekh
According to Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, the sentiment in the Indian equity markets has turned cautious as the Nifty 50 slipped below the crucial 24,700 mark.
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Nifty 50: The index, after an early positive attempt, succumbed to selling pressure and closed weak. It now holds critical support at 24,500, which must be sustained to avoid further downside. On the upside, a decisive move above 24,900 would be needed to regain strength and trigger a fresh upward momentum.
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Bank Nifty: After a volatile first half, the index lost ground, testing the key support near the 56,000 zone (50-DEMA). Sustaining above this level is crucial for stability. A breakdown could push the index lower toward the next major support at 54,400, while a revival may fuel a recovery. The expected trading range is 55,500–56,600.
Overall, the tone remains cautious, with markets closely watching these critical support zones for the next directional move.
Stock picks by Vaishali Parekh
Vaishali Parekh’s stock recommendations today
Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks
1] PEL: Buy at Rs.1307, Target Rs.1350, Stop Loss Rs.1270;
2] UPL: Buy at Rs.733, Target Rs.760, Stop Loss Rs.710; and
3] GMR Airports: Buy at Rs.89.70, Target Rs.95, Stop Loss Rs.88.
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Quicklinks
Stock Market today by Vaishali Parekh
She is the Vice President of Technical Research at Prabhudas Lilladher, offering daily market outlooks and stock recommendations.
1.Sandur Manganese
2.Latent View Analytics
3.Lloyds Engineering Works
Nifty Support: 25,250–25,300; Resistance: around 25,570–25,600, with possible upside to 25,700–26,200.
Bank Nifty Range: support ~56,000; stay within 56,300–57,500 and resistance near 57,600, with upside targets at 58,500–60,000.
