Opening Bell 30 July 2025: Nifty, Bank Nifty Trade Near Resistance; Profit Booking Strategy in Focus
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian markets open weak on 29 July 2025. Nifty trades near 24,600 with major support at 24,550; Bank Nifty near 55,800. Auto, Metal, Pharma sectors on watch.
Opening Bell – 30 July 2025: Nifty & Bank Nifty Near Resistance, Profit Booking Dominates
By CapitalKeeper.in | Intraday Technical Analysis & Market Outlook
Indian equity markets opened marginally higher on Wednesday, supported by mixed global cues and a decline in India VIX. However, traders are advised to adopt a profit-booking strategy as indices remain range-bound with no clear one-sided trend.
📊 Market Opening Snapshot
| Index | Previous Close | Opening Price |
|---|---|---|
| Nifty 50 | 24,821.10 | 24,890.40 |
| Bank Nifty | 56,222.00 | 56,310.10 |
| Sensex | 81,337.95 | 81,594.52 |
| Fin Nifty | 26,700.70 | 26,749.90 |
🔍 Technical Outlook – Key Levels to Watch
📈 Nifty 50 (24,890.40)
- Resistance Zone: 24,900
- Support Zone: 24,700
- Break below 24,700 can open downside toward 24,500
- Close above 24,900 = potential rally toward 25,050
🏦 Bank Nifty (56,310.10)
- Resistance Zone: 56,500
- Support Zone: 55,800
- Below 55,800 = bearish move toward 55,400
- Above 56,500 = possible short covering toward 57,000
💼 Fin Nifty (26,749.90)
- Resistance: 26,850
- Support: 26,600
- Sideways trade; bias slightly positive if sustains above 26,750
🌍 Global Market Cues
- US Markets: Dow, S&P closed marginally positive ahead of Fed policy commentary
- Asia Today: Nikkei higher, Hang Seng flat; Shanghai weak due to Chinese tech concerns
- SGX Nifty: Indicates positive opening aligned with local moves
- Brent Crude: Trading at $82.65 — neutral for energy & OMC stocks
- USD/INR: Around ₹83.42 — no major currency volatility
- FII/DII Data: FII long positions at 13% — low confidence; domestic flows cushioning markets
📊 Option Data & Sentiment
- Nifty PCR (Put-Call Ratio): 0.71 – mildly bearish sentiment
- Bank Nifty PCR: 0.60 – weak positioning, risk of further downside
- India VIX: 11.52, down 4.6% – low volatility but vulnerable to spikes
📊 Sectoral Watch – 30 July 2025
Focus on selective sectors:
| Sector | Bias | Notes |
|---|---|---|
| Pharma | ⚠️ Neutral | Avoid aggressive buying; watch Cipla, Sun Pharma moves |
| Auto | 🔼 Positive | Tata Motors, M&M strong on EV momentum |
| FMCG | 🔼 Defensive | ITC, HUL steady amid range-bound market |
| Energy | ⚖️ Range | Reliance, ONGC muted; watch crude price action |
| Financial Services | ⚠️ Neutral | HDFC, Bajaj Finserv range-bound; avoid aggressive trades |
| IT (Mid & Smallcap) | 🔼 Bullish | Persistent Systems, KPIT Tech outperforming Nifty IT |
🚀 Intraday Stock Picks – 30 July 2025
| Stock | CMP | Strategy | Target Range | Stop Loss |
|---|---|---|---|---|
| Tata Motors | ₹670 | Buy near ₹665 | ₹680 – ₹690 | ₹655 |
| Cipla | ₹1,575 | Buy above ₹1,575 | ₹1,590 – ₹1,595 | ₹1,565 |
| Axis Bank | ₹1,072 | Sell below ₹1,065 | ₹1,040 – ₹1,030 | ₹1,085 |
| ITC Ltd. | ₹406 | Buy near ₹405 | ₹425 – ₹430 | ₹400 |
| Persistent Sys. | ₹5,130 | Buy above ₹5,140 | ₹5,195 – ₹5,235 | ₹5,112 |
🧭 CapitalKeeper View
Markets remain range-bound with no strong directional trend. Use resistance zones to book profits and maintain strict trailing stop-losses.
- Nifty: Watch 24,900 resistance and 24,700 support for cues.
- Bank Nifty: Range-bound between 55,800–56,500; trade light till breakout.
“In choppy markets, profit booking at key levels and disciplined stop-loss are essential to protect capital.”
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