Opening Bell 24 July 2025: Nifty & Bank Nifty Open Positive; Will Bulls Cross Key Resistance?
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
🛎️ Opening Bell – 24 July 2025: Nifty & Bank Nifty Near Key Resistance, Bulls Eye Breakout
By CapitalKeeper.in | Daily Market Technical Analysis
Indian equity indices started the day on a positive note with Nifty 50 and Bank Nifty inching higher, tracking mixed global cues. Bulls are attempting to push beyond immediate resistance zones, but a decisive breakout is yet to come.
📊 Market Opening Snapshot
| Index | Previous Close | Opening Price |
|---|---|---|
| Nifty 50 | 25,219.90 | 25,243.30 |
| Bank Nifty | 57,210.45 | 57,316.60 |
| Sensex | 82,726.64 | 82,779.95 |
| Fin Nifty | 27,215.85 | 27,271.85 |
🔍 Technical Outlook – Key Levels
📈 Nifty 50 (25,243.30)
- Resistance: 25,300 – 25,350
- Support: 25,050 – 25,000
- 🔑 A strong close above 25,350 can open doors to 25,500+ targets
- ⚠️ Failure to sustain above 25,200 can invite profit booking back toward 25,000
🏦 Bank Nifty (57,316.60)
- Resistance: 57,400 – 57,500
- Support: 56,900 – 56,800
- 🔑 A breakout above 57,500 can trigger 57,750–58,000 targets
- ⚠️ Below 56,800 = selling pressure likely toward 56,500
💼 Fin Nifty (27,271.85)
- Resistance: 27,350
- Support: 27,050
- FinNifty outperforming; watch for breakout towards 27,500
🌍 Global Market Cues
- US Markets: Closed higher on strong earnings; Dow up 0.4%, Nasdaq up 0.3%
- Asian Markets: Mixed – Nikkei up 0.2%, Hang Seng under pressure amid tech sell-off
- SGX Nifty: Indicates positive bias; supports higher opening in Indian indices
- Crude Oil: Brent around $83.60, stable amid supply cues
- USD/INR: Trading near ₹83.43 – neutral for IT and export-heavy sectors
- FII/DII Flows: FIIs marginal buyers; DII inflows continue supporting dips
📊 Sector-wise Trend – 24 July 2025
| Sector | Trend | Notes |
|---|---|---|
| IT | 🔼 Positive | Infosys, TCS extend recovery; midcap IT remains strong |
| Banking | ⚠️ Cautious | Private banks near resistance; PSU banks mixed |
| FMCG | 🔼 Defensive | HUL, ITC see steady accumulation amid volatile indices |
| Auto | 🔼 Strong | EV-related stocks like Tata Motors, M&M continue momentum |
| Realty | 🔼 Positive | DLF, Lodha outperform on sector rotation |
| Metals | ⚖️ Rangebound | Hindalco, Tata Steel remain choppy on global commodity cues |
🚀 Intraday Stock Picks – 24 July 2025
| Stock | CMP | Action | Target Range | Stop Loss |
|---|---|---|---|---|
| Tata Motors | ₹705 | Buy above ₹700 | ₹725 – ₹740 | ₹695 |
| ICICI Bank | ₹1,484 | Buy above ₹1,480 | ₹1,515 – ₹1,530 | ₹1,470 |
| HUL | ₹2,452 | Buy above ₹2,450 | ₹2,525 – ₹2,530 | ₹2,420 |
| JSW Steel | ₹1,041 | Sell below ₹1,038 | ₹1,029 – ₹1,022 | ₹1,045 |
| Axis Bank | ₹1,099 | Sell below ₹1,095 | ₹1,065 – ₹1,050 | ₹1,105 |
🧭 CapitalKeeper View
Markets have opened positive, but resistance zones remain crucial for determining intraday direction. A breakout above 25,350 on Nifty or 57,500 on Bank Nifty can trigger a short-term bullish momentum; until then, sell on rise near resistance remains a safe play.
“Stay nimble and respect resistance zones — confirmation above key levels is essential before building aggressive long positions.”
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