Volatility Will Expect on Weekly Expiry – Eyes on Key Domestic Data...

📍 Daily Equity Bulletin– 17th July 2025

Indian equity markets ended the session on a flat to mildly positive note, with Nifty once again failing to breach key resistance, while Bank Nifty showed resilience near the upper range of its downward channel.

Broader indices saw some profit booking, and volatility remained subdued ahead of key global and domestic cues lined up for tomorrow.

🔍 Key Data to Watch on 17th July:

🇮🇳 India WPI Inflation Data (12:00 PM IST) – Will give insight into cost pressures on companies; may influence banking & FMCG stocks.

🇺🇸 US Jobless Claims (6:00 PM IST) – Important for global market mood & FII flows.

🔹 Nifty (Spot) Overview

Nifty again test its resistance but unable to breach it in the last trading session. Today we will expect expiry volatility.

Support: 25100

Resistance: 25260

📌 Break above 25260 will trigger upside momentum toward 25330-25400.

⚠️ Break below 25100 may lead to weakness.

💡 Trading Strategy:

🔼 Buy Nifty above 25260

🎯 Targets: 25360 – 25400

🛡️ Stop Loss: Below 25180

🔸 Bank Nifty (Spot) Overview

Bank Nifty again performed well and closed around the crucial resistance of downward channel pattern. If it breaks the resistance then we will expect fresh buying towards new highs.

Support: 56900

Resistance: 57300

🔥 A breakout above 57300 may fuel strong buying in banks towards 57700-58000 levels.

💡 Trading Strategy:

🔼 Buy Bank Nifty on dip near 57000

🎯 Targets: 57400 – 57700

🛡️ Stop Loss: Below 56800

🌟 Top Pick for the Day (LICHSGFIN FUTURES)

🔼 Buy around: 637

🛡️ Stop Loss: Below 625

🎯 Target: 650 – 662

✅ Volatility could rise tomorrow with Weekly Expiry and macro data lined up. Trade with levels, stay alert, and follow momentum cues closely.