📊 Market Outlook – 22nd July 2025 (Tuesday)
Markets ended on a positive note Monday with Nifty closing at 25,090 (+0.34%) and Bank Nifty at 56,952 (+0.79%). The rally was led by ICICI Bank, HDFC Bank, and Eternal, while Reliance, Wipro, and IndusInd Bank were the major drags. Banking and auto stocks outperformed, whereas IT and energy witnessed profit-booking.
FII buying and selective stock strength kept sentiment buoyant, though index movement was capped by resistance near higher levels.
Technically, Nifty is above its 20 DMA (25,039) but still below the 50 DMA (25,415). RSI is at 48, signaling a neutral bias. Key resistance lies near 25,058–25,173, while support is at 24,996–24,798. MACD remains positive but flat.
Bank Nifty continues to lead with RSI at 54, trading above its 20 DMA (56,194) but below the 50 DMA (57,190). A move above 56,841 could trigger a breakout, while downside support rests at 56,619–56,002.
Globally, US futures are steady ahead of key earnings, crude hovers near $83, and USDINR remains flat. No major macro events are lined up for Tuesday.
Stocks to watch: