Market Outlook: Nifty50, Bank Nifty, Finnifty

By Mandar in Indian Market Insights —

Global Market Movements

Overnight, global markets showed mixed trends.

  • U.S. indices: Closed higher due to strong earnings reports.
  • European markets: Relatively flat, influenced by ongoing economic concerns.
  • Asian markets: Showing cautious optimism ahead of key economic data releases.

Indian Market Updates

The Indian stock market is scheduled to open today, July 29, 2025, with normal trading hours.

  • BSE and NSE: Will operate normally despite Nag Panchami celebrations.

Technical Analysis & Outlook

Nifty50

The index is expected to trade within the 24,645-24,735 range.

  • Breakout above 24,735: Potential bullish reversal, targeting 24,800 and beyond.
  • Breakdown below 24,645: Possible decline toward 24,550.

Bank Nifty

  • Key Support: 56,000.
  • Immediate Resistance: 56,576.75.
  • Hold above 56,000: Could lead to recovery toward 56,576.75.
  • Break below 56,000: May push the index toward 55,500.

Finnifty

  • Support: 26,400-26,200.
  • Resistance: 27,350-27,550.
  • Expected to trade in line with the banking index.

Stay informed about market developments and make wise trading decisions.