Volatile Day Expected | PSU Banks & Pharma in Focus
By CapitalKeeper | Nifty & Bank Nifty | Indian Equities | Market Moves That Matter
CapitalKeeper Market Pulse – 03 July 2025
Market Sentiment Snapshot:
As the week progresses, today’s trade setup signals mild caution with selective bullishness. FII index long positions have dropped to 33% (from 37%), indicating some unwinding, while Nifty and Bank Nifty PCRs are softening, which reflects reduced optimism in options data. However, India VIX remains stable at 12.44, down 0.64%, suggesting calmness in volatility.
🔔 Global Influence:
US markets will observe a half-day today and remain closed tomorrow (04 July) for Independence Day, which may lead to low participation and range-bound trades in the second half of the session.
🕒 Important Intraday Timings to Watch:
- 12:57 PM – Possible trend shift or breakout
- 1:29 PM – Volatility spike or trend continuation
- 2:28 PM – Profit booking or reversal zone
Nifty 50 – Technical Levels:
- Current Price: 25,453.40
- 📉 Supports: 25,185 / 25,215 / 25,350 / 25,440
- 📈 Resistances: 25,605 / 25,680 / 25,725 / 25,785 / 25,845
- 📌 View:
Remain cautious below 25,380. Strength only above 25,725–25,785. A breakout may head toward 25,845+
🏦 Bank Nifty – Technical Levels:
- Current Price: 56,999.20
- 📉 Supports: 55,800 / 56,100 / 56,400 / 56,700 / 56,805
- 📈 Resistances: 57,210 / 57,300 / 57,450 / 57,600 / 57,840 / 58,065 / 58,200
- 📌 View:
Watch for bounce near 56,805. Upside momentum possible above 57,300
Sectoral Trends for Intraday:
🚀 Booming Today:
- PSU Banks – SBI, Bank of Baroda, Union Bank look strong on intraday charts
- Pharma – Sun Pharma, Cipla, and Divi’s Labs could lead defensive rally
- Metals – Watch Tata Steel, Hindalco, and SAIL for momentum trades
⚖️ Mixed Trend Zones:
- Auto: Stock-specific strength (watch M&M, Tata Motors)
- Financial Services: Select NBFCs and insurance players showing mild recovery
Fin Nifty Key Levels:
- 📌 Current Price: 27,415.75 (approximate based on trend)
- 📉 Supports:
27,100 / 27,220 / 27,300 / 27,365 - 📈 Resistances:
27,520 / 27,640 / 27,780 / 27,950
🔎 Trade Bias:
✅ Above 27,520: Scope for a rally toward 27,780–27,950
❌ Below 27,220: May trigger profit booking down to 27,100
📊 What’s Fueling the Move?
🔹 PSU Banks (Strong):
- Names like SBI, BOB, and PNB are leading intraday strength in Fin Nifty
- Supported by increased government capex and stable credit growth outlook
🔹 NBFCs & Broking Stocks:
- M&M Finance, LIC Housing Finance showing range-bound trade
- ICICI Securities, Angel One on watch — volatile but no directional bias yet
🔹 Insurance & AMCs:
- Mild accumulation in HDFC Life, SBI Life, and Nippon AMC
- Sector rotation expected later in the week
Trading Plan:
- 📍 Above 27,520: Look for intraday upside in financial leaders
- 📍 Below 27,220: Avoid longs, look for quick dips or scalps
- Use trailing stoploss and respect reversal timings
Trading Strategy:
- Avoid overtrading near resistance levels
- Use trailing stoplosses around 12:57 PM and 2:28 PM, which may act as turning points
- Focus on sector leaders in PSU Banks, Pharma, and Metals for quick intraday gains
- Expect lower volatility post-1:30 PM due to US market’s early close
⚠️ Risk Management Reminder:
🚫 This blog is for educational analysis only.
✅ Please consult your SEBI-registered financial advisor before trading.
🔐 Always use proper risk-reward and trailing stoplosses
💡 Booking profits quickly is key during mixed market sentiment
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