Nifty & Bank Nifty Today: Key Support & Resistance Levels, Sector Outlook – 02 July 2025
By CapitalKeeper | Nifty & Bank Nifty | Indian Equities | Market Moves That Matter
CapitalKeeper Market Pulse – 02 July 2025
📊 Sentiment Snapshot:
As the July series picks up momentum, FII index long positions ticked up to 37% (from 36%), signaling moderate confidence. The Put-Call Ratio (PCR) improved for both Nifty and Bank Nifty, suggesting a balanced-to-bullish tone, while India VIX eased by 2% to 12.50, indicating stability. But caution remains warranted, especially around key resistance levels and scheduled intraday timings.
🔔 Intraday Timings to Watch:
- 11:30 AM – Be cautious; early trend reversals likely
- 12:34 PM – Watch for volatility surge, especially in Bank Nifty and Fin Nifty
- 2:05 PM – Possible profit booking pressure
- 2:55 PM – Mixed to directional close
🔍 Nifty 50 – Technical Outlook
- Current Level: 25,541.80
- 📉 Supports: 25,185 / 25,215 / 25,350 / 25,440
- 📈 Resistances: 25,605 / 25,680 / 25,725 / 25,785 / 25,845
- 📌 Strategy Note:
Stay cautious below 25,380. A breakout above 25,785 may open the gate to 25,845+ levels.
🏦 Bank Nifty – Technical Outlook
- Current Level: 57,459.45
- 📉 Supports: 55,800 / 56,100 / 56,400 / 56,700 / 56,940 / 57,030 / 57,150
- 📈 Resistances: 57,600 / 57,840 / 58,065 / 58,200
- 📌 Strategy Note:
A sustained move above 57,600 can invite fresh long build-up. Break below 57,150 could trigger intraday profit booking.
💹 Sectoral Watch – What’s Moving Today?
🏦 1. Banking & Financials (Mixed)
- PSU Banks in Limelight: SBI, Canara Bank, and Bank of Baroda showing strong momentum on improving fundamentals and investor interest.
- Private Banks remain sideways with stock-specific moves.
💊 2. Pharma
- Defensive buying seen in Sun Pharma, Cipla, and Dr Reddy’s. Look for continuation moves on volume spikes.
🧴 3. FMCG
- Mild uptrend continues in HUL, Britannia, and Dabur. Good for short-term swing trades.
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
🛑 Caution Flags:
- Rising PCR may cause intraday overbought situations—ideal for scalp trades or sell-on-rise near resistance zones.
- India VIX remains under control, but profit booking expected during late sessions.
- Intraday traders should focus on timing-based entries, especially during 11:30 AM and 2:05 PM.
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