📉 Equity Market Under Pressure Amid Tariff & Global Cues 📉

EQUITY BULLETIN (31-07-2025)

Markets remained under heavy selling pressure in the previous session, with Nifty and Bank Nifty both slipping below key support levels. The decline was largely driven by concerns over global tariff tensions, weak global markets, and continued FII outflows. Broader markets also witnessed profit booking, dragging sentiment further.

Markets opened on a cautious note, continuing the bearish momentum. The focus remains on today’s global macroeconomic triggers — including US GDP figures, initial jobless claims, and further clarity on trade policies — all of which could influence market sentiment and currency movements. Investors are advised to stay alert as volatility may spike.

🔹 Nifty 50 Overview:

Nifty extended losses amid weak global cues and is now approaching a major support zone at 24,580. Any breach below this level may lead to further downside towards 24,400–24,300.

On the upside, a move above 24,750 could trigger a recovery rally towards 24,840 and then 24,950. Momentum remains weak, but short-covering can’t be ruled out near key support.

📌 Trading Strategy:

🟢 Buy on dips near 24,590

🎯 Targets: 24,720 – 24,800

🚫 Stop Loss: Below 24,550

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🔹 Bank Nifty Overview:

Bank Nifty slipped sharply, breaking a crucial support zone and dragging the index below 55,500. Now, immediate support lies at 55,450, and any fall below this may take it to 55,100 and even lower.

Resistance stands at 55,750, and a breakout above this could push the index towards 56,000–56,200 in upcoming sessions. Sentiment remains bearish, but opportunities exist for short-term bounces.

📌 Trading Strategy:

🟢 Buy near 55,400

🎯 Targets: 55,700 – 55,900

🚫 Stop Loss: Below 55,300

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🌟 Top Pick for the Day – DELHIVERY (Futures)

📈 Buy around ₹420

🔻 Stop Loss: ₹414

🎯 Target: ₹427 – ₹430

Stay cautious and trade with strict stop losses as global uncertainty continues to weigh on the indices. Watch out for key U.S. economic data tonight which may set the tone for the next move.