MARKET WRAP-UP & EXPIRY OUTLOOK – 30th JULY 2025
Markets closed mildly positive ahead of expiry, with Nifty ending at 24,855 and BankNifty at 56,150. Both indices are above their 100- and 200-day SMAs but still face resistance below their 50-day SMAs — placed at 25,050 (Nifty) and 56,400 (BankNifty). Nifty’s RSI reversed from 38, and today’s candle closed above yesterday’s bullish engulfing, indicating strengthening momentum.
CPR levels for 31st July suggest a narrow range and possible volatility. Nifty has a pivot at 24,755 with breakout at 24,788 and breakdown at 24,723. BankNifty’s pivot is 56,120, with 56,171 and 56,069 as upper and lower levels. Option data reflects a defined range — in Nifty, 25,000 CE holds the highest Call OI, followed by 25,200 and 25,500 CE. Strong Put base is seen at 24,800 PE, then 24,700 and 24,600 PE. BankNifty has highest Call OI at 57,000 CE, and strong Put support at 56,000 PE and 56,200 PE.
Sectors like auto, FMCG, and realty led gains. Auto stocks saw follow-through buying, while FMCG benefitted from soft input costs. Realty stocks like DLF remained firm. IT and PSU banks underperformed slightly. Low VIX (~12.4) and stable global cues helped support sentiment.
Outlook for expiry remains range-bound with a bullish tilt. Sustained trade above 24,788 in Nifty and 56,171 in BankNifty may open upside toward 25,050 and 56,400. Rejection near 50-SMA levels could lead to sideways to mild downside action. Put writers are defending key levels, keeping the trend mildly positive unless breached.
NIFTY GAINERS-