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Pradeep Carpenter

18th Jul 2025 · SEBI-Registered Analyst

Daily Market Outlook — 18th July 2025

Market Recap: NIFTY and BANKNIFTY ended lower today, reflecting weakness with a sideways to bearish bias. Both indices failed to hold key support levels amid cautious sentiment. Reasons for Today’s Downfall: • Weak global cues on US Fed uncertainty and geopolitical tensions. • Profit booking seen at higher levels after recent gains. • Financial sector weakness, especially in PSU banks, dragged BANKNIFTY. • IT and FMCG sectors saw selling pressure. • Rupee weakness against USD added to market nervousness. NIFTY Levels: • Previous Close: 24,968 • Range 1 (Buy above): 25,031 • Pivot (Wait & Watch): 25,010 • Range 2 (Sell below): 24,989 Outlook: Sideways with downside bias BANKNIFTY Levels: • Previous Close: 56,283 • Range 1 (Buy above): 56,454.50 • Pivot (Wait & Watch): 56,397.33 • Range 2 (Sell below): 56,340.17 Outlook: Sideways with mild correction possibility Top Movers: • Gainers:

WIPRO
,
BAJFINANCE
,
TATASTEEL
• Losers:
AXISBANK
,
SHRIRAMFIN
,
BEL
Summary: Markets remain in a consolidation phase with a downside bias. Wait for clear breakout or breakdown before taking fresh positions. Global cues and sector trends will guide short-term moves. Disclaimer- As a SEBI registered Research Analyst with NISM certification, I want to emphasize that these credentials do not guarantee success in any trade. Investment in the share market is subject to market risk, and past performance is not indicative of future results. Recommendations are for informational purposes only and should not be considered as buy or sell advice. Please conduct your own research and consult a financial advisor before making any investment decisions. We will not be liable for any losses incurred from using this information.

#StockInNews#IndexStrategies#Today’sTradingSetup#TechnicalViews#Post-ClosingCommentary
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