Opening Bell 28 July 2025: Nifty, Bank Nifty Weak Below Key Support — Sell on Rise Dominates
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian stock market opens lower on 28 July 2025; Nifty trades near 24,800, Bank Nifty near 56,200. Key resistance levels cap upside; sell on rise strategy preferred.
🛎️ Opening Bell – 28 July 2025: Nifty & Bank Nifty Open Lower; Trend Weakness Continues
By CapitalKeeper.in | Daily Technical Analysis & Intraday Levels
Indian markets started the week on a negative note, extending the ongoing corrective phase. Nifty 50 and Bank Nifty slipped below crucial support zones, hinting at continued weakness unless bulls reclaim higher resistance levels.
📊 Market Opening Snapshot
| Index | Previous Close | Opening Price |
|---|---|---|
| Nifty 50 | 24,837.00 | 24,782.48 |
| Bank Nifty | 56,528.90 | 56,215.10 |
| Sensex | 81,463.09 | 81,299.97 |
| Fin Nifty | 26,808.00 | 26,684.35 |
🔍 Technical Outlook – Key Levels to Watch
📈 Nifty 50 (24,782.48)
- Resistance Zone: 24,900 – 24,950
- Support Zone: 24,770 – 24,700
- ⚠️ Break below 24,770 = More downside towards 24,500
- 📉 Overall structure: Sell on rise unless sustained above 24,950
🏦 Bank Nifty (56,215.10)
- Resistance Zone: 56,850
- Support Zone: 56,000
- ⚠️ Failure to hold 56,000 can drag index to 55,600–55,300
- 📉 Overall structure: Weak; avoid aggressive longs below 57,000
💼 Fin Nifty (26,684.35)
- Resistance: 26,800
- Support: 26,500
- Sideways bias; watch for breakdown below 26,500 for more fall
🌍 Global Market Cues
- US Markets: Closed lower on profit booking ahead of key Fed policy decision
- Asia Today: Mixed trade — Nikkei up 0.2%, Hang Seng weak by 0.5%
- SGX Nifty: Indicating weak bias; aligns with domestic opening tone
- Crude Oil: Brent around $82.95 — stable, no fresh triggers
- USD/INR: Near ₹83.47 — range-bound, neutral for IT/exporters
- FII/DII Flow: FIIs remain net sellers; domestic flows supporting downside absorption
📊 Sectoral View – 28 July 2025
| Sector | Bias | Commentary |
|---|---|---|
| Banking | 🔻 Weak | PSU and private banks under pressure; watch 56,000 support |
| Auto | ⚖️ Mixed | EV segment shows strength; overall range-bound |
| IT | 🔻 Weak | TCS, Infosys under selling pressure amid USD-INR stability |
| FMCG | 🔼 Defensive | ITC, Nestle outperform as investors shift to safe bets |
| Metals | 🔻 Weak | Hindalco, Tata Steel continue downward trend on global cues |
| Realty | ⚠️ Neutral | DLF, Godrej Properties holding gains but volumes thinning |
🚀 Intraday Stock Picks – 28 July 2025
| Stock | CMP | Strategy | Target Range | Stop Loss |
|---|---|---|---|---|
| ITC | ₹455 | Buy on dips near ₹452 | ₹462 – ₹468 | ₹448 |
| Tata Motors | ₹985 | Sell below ₹980 | ₹965 – ₹955 | ₹992 |
| ICICI Bank | ₹1,172 | Sell below ₹1,165 | ₹1,145 – ₹1,135 | ₹1,185 |
| HUL | ₹2,618 | Buy above ₹2,625 | ₹2,650 – ₹2,675 | ₹2,595 |
| JSW Steel | ₹860 | Sell below ₹855 | ₹845 – ₹835 | ₹870 |
🧭 CapitalKeeper View
Markets are struggling to hold crucial supports, and sell on rise remains the dominant strategy unless a breakout above resistance zones occurs.
- Nifty: Watch 24,770 for breakdown; resistance at 24,950 crucial.
- Bank Nifty: Weakness persists below 56,850; 56,000 is make-or-break.
“In weak markets, patience is key — avoid chasing intraday bounces and respect support-resistance zones for disciplined trades.”
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