Opening Bell 23 July 2025: Nifty and Bank Nifty Open Higher — Will Resistance Hold?
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
🛎️ Opening Bell – 23 July 2025: Nifty & Bank Nifty Trade Near Resistance; Trend Still Weak
By CapitalKeeper.in | Smart Technicals, Smarter Trading
Indian equity indices opened mildly higher today, continuing the short-term bounce seen in previous sessions. However, both Nifty 50 and Bank Nifty are now hovering close to strong resistance zones, with technicals still indicating a “sell on rise” structure unless we see a convincing breakout.
📊 Market Opening Snapshot
| Index | Previous Close | Opening Price |
|---|---|---|
| Nifty 50 | 25,060.90 | 25,139.35 |
| Bank Nifty | 56,756.00 | 56,918.15 |
| Sensex | 82,186.81 | 82,451.87 |
| Fin Nifty | 26,990.45 | 27,063.10 |
📈 Key Technical Levels – 23 July 2025
🔹 Nifty 50 (25,139.35)
- Upside Resistance: 25,180
- Downside Support: 24,900
- 🧭 Outlook: Still range-bound. A daily close above 25,180 is required for momentum shift.
- ⚠️ Sell on Rise: Weakness expected if it fails to cross 25,180 convincingly.
🔹 Bank Nifty (56,918.15)
- Upside Resistance: 57,100
- Downside Support: 56,400
- 🧭 Outlook: Bears active below 57,000. Caution advised until breakout.
- ⚠️ Sell on Rise: Avoid aggressive long positions until confirmation above 57,100.
🔹 Fin Nifty (27,063.10)
- Resistance Zone: 27,150
- Support Zone: 26,800
- 📈 Holding up stronger than other indices; watch for 27,200 breakout attempt.
🌍 Global Market Cues
- US Markets: Closed marginally higher; Nasdaq gains on AI stocks
- Asia Today: Mixed start — Nikkei up 0.5%, Hang Seng weak
- SGX Nifty: Indicates flat to mildly positive open; consistent with local indices
- Brent Crude: Holding near $83.40, supporting energy counters
- FII/DII Activity: FIIs booked mild profits yesterday; DIIs remained buyers
- USD/INR: Steady at ₹83.45 – neutral for IT exporters
🧭 Sector-Wise Snapshot – Opening Trend
| Sector | View | Notes |
|---|---|---|
| Auto | 🔼 Positive | Tata Motors, M&M lead gains amid strong July booking data |
| IT | ⚖️ Range | Tech Mahindra, Infosys facing mild resistance after recent bounce |
| FMCG | 🔼 Strong | HUL, ITC continue defensive uptrend |
| Banking | ⚠️ Weak Bias | PSU banks soft; private banks range-bound near resistance |
| Realty | 🔼 Positive | DLF, Godrej Properties remain firm on volume buying |
| Metals | 🔻 Weak | Hindalco, JSPL under pressure on weak China demand |
💼 Intraday Stock Picks – 23 July 2025
| Stock | CMP | Action | Target Range | Stop Loss |
|---|---|---|---|---|
| Tata Motors | ₹688 | Buy above ₹684 | ₹692 – ₹705 | ₹671 |
| Axis Bank | ₹1,100 | Sell below ₹1,085 | ₹1,065 – ₹1,050 | ₹1,100 |
| DLF Ltd. | ₹830 | Buy above ₹835 | ₹880 – ₹890 | ₹820 |
| HUL | ₹2,466 | Buy above ₹2,470 | ₹2,530 – ₹2,550 | ₹2,450 |
| JSW Steel | ₹1,033 | Sell below ₹1,030 | ₹1,000 – ₹985 | ₹1,038 |
🧠 CapitalKeeper’s View
Markets have opened higher but are facing immediate resistance zones that could limit the upside unless bulls break through with strength.
📉 A close below 25,000 in Nifty or 56,400 in Bank Nifty could trigger fresh selling pressure.
📝 Pro Tip: Don’t chase rallies — wait for confirmations. Avoid aggressive longs until we see a strong close above resistance levels.
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