Nifty trade setup: The last trading day of the previous week i.e. Friday proved to be another challenging session for the Indian stock markets. The benchmark Nifty 50 index closed down for the second consecutive day. It broke the crucial level of 24,900 and closed at 24,837.
Now how will the Nifty move on the first business day of the new week i.e. Monday, July 28, which levels will be important, will understand it from experts. But, before that we know what has happened in the market on Friday, May 25.
All sector demonstrations deteriorated
Market weakness was widespread, with almost all sectors and broader index poorly performed. The Nifty Midcap 100 index dropped 1.61%. At the same time, the Nifty Smallcap 100 declined by 2.10%. It is clear that there was more pressure on mid and small caps.
Pharma sector green mark only
Talking about sectoral performance, only the Nifty Pharma and Healthcare Index remained in the lead. In contrast, sectors like Nifty Media, PSU Bank, Oil and Gas and Metal saw the most damage.
However, in this negative environment, some stocks such as Cipla, SBI Life and Apollo Hospitals were the top performance in the Nifty Pack.
Stock of institutional investors
On the institutional front, Foreign Investors (FIIs) on Friday made heavy selling in the cash market. At the same time, domestic institutional investors (DIIS) were buyers.
The quarterly results will be monitored
Now investors will look at the important corporate results coming next week. Also, the market will react to the quarterly results that came after Friday’s closing. These include Kotak Mahindra Bank, IDFC First Bank, Lodha Developers and Stocks of Whirlpool of India.
After this, during the week Indusind Bank, GAIL (India), Bharat Electronics, Mazagon Dock Shipbuilders, NTPC Green Energy, Railtel CORPORATION of India, Torrent Pharmaceuticals and Adani Energy are the results of big companies.
Technical view: What are experts saying?
According to Siddharth Khemka of Motilal Oswal, the market may currently stay in the consolidation phase. The reason for this is- uncertainty over India and the US trade deal, mixed results of the June quarter and frequent selling of FII.
The metaphor of LKP Securities said that the Nifty closed under 24,900 and 50-Day EMA, which is a clear indication of trend weakness. If the Nifty does not go above 24,900 in the next one or two sessions, bulls may face more problems. The first support at the bottom is at 24,700 and then 24,500. The upward level of 25,000 has now become resistance.
Strong base at 24,500
Nandish Shah of HDFC Securities also confirmed the recession. He said that Nifty has broken the previous swing of 24,882 on a closing basis and slipped under 50 Dema, which has happened for the first time since April 11, 2025. The support is at 24,742 and 24,500, while the resistance will remain at 25,000.
Rajesh Bhosle of Angel One said that the first support for the coming week is at 89-day EMA i.e. 24,650, and then a strong base at 24,500, which was important in May-June Consolidation. The top has a bearish gap of 24,950–25,000 and 50 Dema resistance. The recent swing of 25,250 will remain a major barrier.
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