✅ Closing Summary:
Closing Price: ₹24,968.30
Change: −₹143.55 (−0.57%)
Opening Price: ₹25,108.55
Intraday High: ₹25,144.20
Intraday Low: ₹24,919.10
Nifty 50 traded in a narrow but bearish range throughout the session, losing nearly 0.6%, as market sentiment remained weak due to earnings pressure and global cues.
🔍 Key Reasons for the Decline:
Banking Sector Drag:
Major private sector banks like Axis Bank reported weaker-than-expected earnings, sparking a broad sell-off in financials.
Financial stocks make up a large portion of Nifty 50, pulling the entire index lower.
Cautious Investor Sentiment:
Global uncertainty regarding U.S. Federal Reserve interest rate decisions and economic slowdown concerns weighed on overall risk appetite.
Investors are also being cautious ahead of major Indian corporate earnings from companies like HDFC Bank, ICICI Bank, Reliance Industries, and others.
Foreign Institutional Selling (FII):
FIIs continued to sell Indian equities, especially large-cap financials and IT stocks.
This added selling pressure even as some domestic institutional investors tried to buy the dips.
Technical Weakness:
The index slipped below the 25,000 psychological support level, a sign of short-term technical weakness.
Intraday recoveries were capped near resistance, confirming the bearish tone.
📈 Technical Outlook (Short-Term):
Support Zone: ₹24,900 to ₹24,850
This is the next critical area. If broken, further decline toward ₹24,600 is likely.
Resistance Zone: ₹25,150 to ₹25,300
Bulls need to reclaim this zone for the trend to turn positive again.
Momentum Indicators:
RSI: Slipping below 45, showing weakening momentum.
MACD: Bearish crossover; trend remains under pressure.
Volume: Slightly above average, indicating serious selling interest at the top.
📆 Recent Trend Performance:
1-Day Return: −0.57%
1-Week Return: −0.35%
1-Month Return: +2.10%
6-Month Return: +12.8%
1-Year Return: +10.9%
Nifty 50 remains in a medium- to long-term uptrend, but short-term correction is underway, largely due to sector-specific drag and earnings volatility.
🧠 What Traders & Investors Should Know:
Day Traders: Watch for quick reversals near support at ₹24,900; consider shorting near resistance if recovery fails.
Swing Traders: Wait for either a bullish reversal candle or RSI bounce before entering fresh long positions.
Long-Term Investors: Despite the dip, the market remains healthy. This could be a buy-on-dip opportunity, especially in sectors like auto, pharma, and capital goods that are holding well.
💬 Conclusion:
Nifty 50 showed weakness on July 18 due to negative earnings surprises and bearish sentiment in financials. While technical indicators suggest short-term downside pressure, the broader long-term trend remains intact. Key support at ₹24,900 is crucial. A bounce from that zone can trigger a recovery, but a sustained break below it could accelerate the decline
Closing Price: ₹24,968.30
Change: −₹143.55 (−0.57%)
Opening Price: ₹25,108.55
Intraday High: ₹25,144.20
Intraday Low: ₹24,919.10
Nifty 50 traded in a narrow but bearish range throughout the session, losing nearly 0.6%, as market sentiment remained weak due to earnings pressure and global cues.
🔍 Key Reasons for the Decline:
Banking Sector Drag:
Major private sector banks like Axis Bank reported weaker-than-expected earnings, sparking a broad sell-off in financials.
Financial stocks make up a large portion of Nifty 50, pulling the entire index lower.
Cautious Investor Sentiment:
Global uncertainty regarding U.S. Federal Reserve interest rate decisions and economic slowdown concerns weighed on overall risk appetite.
Investors are also being cautious ahead of major Indian corporate earnings from companies like HDFC Bank, ICICI Bank, Reliance Industries, and others.
Foreign Institutional Selling (FII):
FIIs continued to sell Indian equities, especially large-cap financials and IT stocks.
This added selling pressure even as some domestic institutional investors tried to buy the dips.
Technical Weakness:
The index slipped below the 25,000 psychological support level, a sign of short-term technical weakness.
Intraday recoveries were capped near resistance, confirming the bearish tone.
📈 Technical Outlook (Short-Term):
Support Zone: ₹24,900 to ₹24,850
This is the next critical area. If broken, further decline toward ₹24,600 is likely.
Resistance Zone: ₹25,150 to ₹25,300
Bulls need to reclaim this zone for the trend to turn positive again.
Momentum Indicators:
RSI: Slipping below 45, showing weakening momentum.
MACD: Bearish crossover; trend remains under pressure.
Volume: Slightly above average, indicating serious selling interest at the top.
📆 Recent Trend Performance:
1-Day Return: −0.57%
1-Week Return: −0.35%
1-Month Return: +2.10%
6-Month Return: +12.8%
1-Year Return: +10.9%
Nifty 50 remains in a medium- to long-term uptrend, but short-term correction is underway, largely due to sector-specific drag and earnings volatility.
🧠 What Traders & Investors Should Know:
Day Traders: Watch for quick reversals near support at ₹24,900; consider shorting near resistance if recovery fails.
Swing Traders: Wait for either a bullish reversal candle or RSI bounce before entering fresh long positions.
Long-Term Investors: Despite the dip, the market remains healthy. This could be a buy-on-dip opportunity, especially in sectors like auto, pharma, and capital goods that are holding well.
💬 Conclusion:
Nifty 50 showed weakness on July 18 due to negative earnings surprises and bearish sentiment in financials. While technical indicators suggest short-term downside pressure, the broader long-term trend remains intact. Key support at ₹24,900 is crucial. A bounce from that zone can trigger a recovery, but a sustained break below it could accelerate the decline
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.