Pre Market 02 July 2025: Nifty Holds 25,500, Bank Nifty Firm; PSU Banks, Pharma, Midcaps in Focus
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Market Snapshot – 01st July 2025
| Index | Close | Change |
|---|---|---|
| Nifty 50 | 25,541.89 | ▲ +24.84 pts |
| Bank Nifty | 57,459.45 | ▲ +146.70 pts |
| Sensex | 83,697.29 | ▲ +90.83 pts |
| Fin Nifty | 27,124.20 | ▼ -50.25 pts |
Markets opened July on a muted but positive note. Banking stocks led the gains while FMCG and Energy saw some profit booking.
🌐 Global Cues & GIFT Nifty
- GIFT Nifty trades 35 points higher around 25,585, indicating a mildly positive opening.
- US Markets ended mixed:
- Dow -0.07% | S&P 500 +0.13% | Nasdaq +0.49%
- Asian Markets trade with caution amid weak China data and upcoming US job reports.
- Crude Oil near $68.40 – slight rise due to geopolitical tensions.
- Dollar Index remains flat; US yields slightly firm ahead of July 4 holiday.
Net Outlook: Stable to cautiously optimistic tone globally; low volatility expected until Friday’s US jobs data.
📈 Technical Analysis
🔹 NIFTY (Close: 25,541.89)
- Support: 25,480 / 25,400
- Resistance: 25,650 / 25,800
- A move above 25,650 could ignite fresh uptrend toward 25,900.
🔹 BANK NIFTY (Close: 57,459.45)
- Support: 57,200 / 56,900
- Resistance: 57,700 / 58,050
- Trend remains bullish above 57,000, PSU banks driving momentum.
🔹 FIN NIFTY (Close: 27,124.20)
- Support: 27,000 / 26,850
- Resistance: 27,300 / 27,500
- Slight consolidation underway; strength above 27,300 to resume trend.
🏢 Sector-wise Outlook for July 2025
🚀 Likely to Outperform
| Sector | Rationale | Key Stocks to Watch |
|---|---|---|
| PSU Banks | Strong price action & volume buildup | SBI, BoB, Canara Bank |
| Pharma | Base formation + defensive interest | Cipla, Sun Pharma, Dr. Reddy’s |
| Midcaps 100 | Breadth improving across sectors | L&T Finance, BEML, Polycab |
⚖️ Mixed Trend (Cautious Watch)
| Sector | Bias | Trigger to Watch |
|---|---|---|
| IT | Neutral | Dollar movement, Nasdaq tech |
| FMCG | Weak bias | Demand/sentiment-based |
| Auto | Neutral | Festive demand preview |
| Energy | Weak bias | Crude volatility |
| Financial Services | Stable | Track Fin Nifty trend |
| PSE/Defense | Rangebound | Capex policy announcements |
📌 Key Observations
- July Sector Setup: PSU Banks, Pharma, Midcaps appear best positioned technically and fundamentally.
- Mixed Action Expected: In IT, Auto, FMCG trade selectively.
- 02 July 2025 (Wednesday) marked as a high-impact date based on time cycle study.
- Weekly close on 04 July (Friday) will set tone for next week possibly the next breakout.
🎯 Intraday Strategy – 02 July 2025
- Buy on dips in PSU Banks & Pharma stocks.
- Avoid fresh longs in FMCG & IT until trend clarity.
- Watch Fin Nifty for confirmation of financial sector mood.
- Cautious trade around 25,480 support on Nifty.
🔚 Final Take – CapitalKeeper View
With global cues steady and domestic strength seen in banks and midcaps, markets may grind higher this week. Use dips to build long positions in outperforming sectors. Keep your eye on the July 2 & July 4 dates for short-term trend shifts.
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