Opening Bell 02 July 2025: Nifty Below Resistance, Bank Nifty Eyes 57600 – Key Levels & Sector Analysis
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian stock market opens flat on 02 July 2025. Nifty at 25,588; Bank Nifty holds above 57,500. Read technical outlook, sector insights, intraday stock picks, and global market cues.
📊 Index Opening Snapshot
| Index | Previous Close | Opening Level | Early Trend |
|---|---|---|---|
| Nifty 50 | 25,541.80 | 25,588.30 | Mildly Weak |
| Bank Nifty | 57,459.00 | 57,558.20 | Sideways-to-Positive |
| Sensex | 83,697.29 | 83,790.72 | Rangebound |
| Fin Nifty | 27,124.20 | 27,157.20 | Flat |
🌍 Global Cues at Open
- US Markets ended mixed; Dow in red, Nasdaq posts mild gain.
- Asian Markets open cautiously with Nikkei and Hang Seng flat.
- SGX Nifty trades around 25,580 suggesting lackluster sentiment.
- Brent Crude at $84.20 – stable, positive for energy.
- Dollar Index at 105.10; INR holds near 83.46 vs USD.
📉 Technical Chart Outlook – Nifty & Bank Nifty
🔹 Nifty 50 Analysis:
- Structure turning mildly bearish.
- 📌 Resistance: 25,650
- 📌 Support: 25,480; breakdown may trigger further decline toward 25,350
🔹 Bank Nifty Analysis:
- Consolidating near the upper band of recent range.
- 📌 Resistance: 57,600
- 📌 Support: 57,000
- Strength to emerge only above 57,600 on closing basis.
🔍 Sector-Wise Performance Outlook
| Sector | Sentiment | Key Stocks |
|---|---|---|
| 🏦 PSU Banks | 🔼 Positive | SBI, Canara Bank, Bank of Baroda |
| 🏗️ Infra & Rail | 🔼 Strong | IRCON, RVNL, PNC Infra |
| 💊 Pharma | 🔼 Momentum | Cipla, Dr. Reddy’s, Lupin |
| 📉 IT & Tech | 🔽 Pressure | Infosys, HCL Tech facing selling |
| 🔁 Auto & FMCG | 🔁 Mixed | Tata Motors steady, M&M sees dip-buying |
🚀 Top 5 Intraday Stock Picks – 02 July 2025
- IRCON (₹201.60)
➤ Breakout zone visible above ₹204
🎯 Target: ₹219 | 🛑 SL: ₹198 - Redington (₹314.15)
➤ Holding above short-term moving averages
🎯 Target: ₹326 | 🛑 SL: ₹302 - IDBI Bank (₹103.40)
➤ Fresh delivery buying, low-risk trade setup
🎯 Target: ₹109 | 🛑 SL: ₹98 - RBL Bank (₹262.30)
➤ Momentum continuation expected above ₹268
🎯 Target: ₹280 | 🛑 SL: ₹249 - Vedanta (₹465.80)
➤ Metals gain as global demand signals rise
🎯 Target: ₹478 | 🛑 SL: ₹457
📰 Market Buzz & Headlines
- FII Data: Net positive for the third straight day; long positions seen in index futures.
- GST Council Meet Today: Possible rationalisation in slab for EVs, infra players – positive for auto & industrials.
- Monsoon Tracker: Healthy progress so far; rural & FMCG stocks on radar.
- Quarterly Earnings Season Prep: Early positioning seen in auto, banks, and capital goods sectors.
📌 CapitalKeeper Take
“Markets opened flat but face a tough wall near key resistance zones. Nifty remains vulnerable below 25,650, while Bank Nifty might trigger short-covering above 57,600. Stay stock-specific and lean towards strength in PSU Banks, Infra, and Energy as broader market churns.”
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