Nifty Technical Analysis & Technical Analysis of Bank Nifty
Frequently Asked Questions:
For July 02, 2025
Nifty write up by Osho Krishan,
Senior Analyst – Technical & Derivatives, Angel One Ltd
Boredom continues for the key indices as Nifty ends on a flat note
The Indian equity markets experienced a relatively subdued trading session, marked by a notable lack of volatility. Throughout the day, the benchmark index fluctuated within a narrow band of just 90 sub-points, reflecting indecisiveness. Eventually, the Nifty50 index wrapped up the session on a subdued note, managing to eke out a modest gain of only 0.10 percent, ultimately settling in the 25550 range.
From a technical perspective, the current subdued performance suggests a time-wise correction following the recent rally, during which market participants have exhibited a degree of caution. Nevertheless, the overall outlook for the market remains optimistic, with declines regarded as potential buying opportunities. For the Nifty50, the immediate support levels are positioned around 25400 and 25300, which align with the key 78.60% Fibonacci retracement level, which is expected to serve as a buffer against any minor market fluctuations anticipated in the forthcoming sessions. Conversely, on the upside, the level at 25670-25740, indicative of a bearish gap, constitutes a significant barrier that traders must navigate in the intermediate period. Additionally, a decisive and sustained move beyond the same is likely to catalyze new momentum, thereby facilitating the next phase of the rally toward the 26000 mark.
Going forward, the market remains sanguine with sectoral rotation being evident. Hence, in light of this dynamic environment, adopting a stock-centric approach is highly recommended, which might allow investors to capitalize on opportunities and potentially achieve outperformance.
Key levels to watch
NIFTY
Support: 25400 – 25300
Resistance: 25670 – 25740
BANKNIFTY
Support 57000 – 56700
Resistance: 57750 – 58000
- Market Analysis by Nagaraj Shetti
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
Quicklinks
