🔻 Weak Sentiment Grips Equity Markets Amid Global Cues 🔻

Daily Equity Bulletin 21/07/2025

Markets continued to reel under selling pressure as Nifty breached key support levels and closed on a significantly weak note. A sharp sell-off was witnessed across sectors with midcaps and banks underperforming. Weak global cues and consistent FII outflows added to the bearish tone.

Equity markets opened on a cautious note following weak global sentiments and rising US bond yields. Investors await crucial macroeconomic data from the US later today, including Existing Home Sales and Fed speeches, which may provide direction ahead of the FOMC decision. Domestically, no major data releases are scheduled, so focus remains on technical levels and global trends.

🔹 Nifty 50 Overview

Nifty breached its crucial support of 25000 and drifted lower, confirming a bearish structure. The index now holds immediate support at 24900, and any break below this could trigger further weakness towards 24750–24600 levels.

On the upside, resistance is placed at 25075, and a move above this can see short-covering rally towards 25180 and 25260 levels. However, overall tone remains cautious unless it reclaims higher levels with volume support.

🔸Trading Strategy:

➤ Buy Nifty above 25075 for targets of 25180 and then 25260

➤ Avoid longs below 24900; weakness may intensify below this level

🔹 Bank Nifty Overview

Bank Nifty has broken a key downward channel pattern, reflecting deeper bearish sentiment. The index faces stiff resistance at 56600, and only a sustained move above this will see a reversal towards 57000–57200 zones.

Support is visible around 56100, and if this breaks, it can retest 55750 and lower.

🔸Trading Strategy:

➤ Buy near 56100 for upside targets of 56500 and 56700

➤ Wait for breakout above 56600 to ride higher moves towards 57200

💡 Top Pick of the Day – TATACOMM (Futures)

🔹 Buy above 1780

🔹 Stop Loss: 1740

🔹 Target: 1830 – 1860

Stay tuned for updates on global data and any commentary from Fed officials that could move sentiments sharply in the latter half of the session.