Nifty trade setup: On Friday, July 11 on the domestic stock market, there was heavy pressure in technology and auto shares. The NIFTY index was weak throughout the day. It closed at 25,149 with a decline of 205 points at the end of the day at 25,149, which is the weakest closing level after 24 June 2025.
How will the Nifty and bank move on the first day of the next business week i.e. Monday, July 14. Which levels will be important for both will understand it from experts. But, before that we know what happened in the market on Friday.
TCS spoiled the mood
The June quarterly results of TCS (Tata Consultancy Services) were weaker than the market expectations. The company’s dollar revenue growth was low and Constant Currency also fell by 3.3%. Apart from this, the company’s outlook showed vigilance, which led to a negative impact on the IT sector. The result was that the Nifty IT index fell by about 2%.
Which shares were under pressure?
The decline in Nifty was led by heavyweight shares like TCS, M&M and Hero Motocorp. At the same time, shares like Hindustan Unilever, SBI Life and Sun Pharma showed stability in the market and limited the loss to some extent.
Midcap and smallcap also weak
The Nifty Midcap 100 index fell 0.9% to 0.9% for the sixth consecutive day, while the Nifty Smallcap 100 also fell by 1.02%. It is clear that all -round profit -booking is going on in the market.
Glenmark Pharma surprised
Glenmark Pharma jumped up to 20% in this decline environment. The company’s subsidiary Ichnos Glenmark Innovation (IGI) has signed a special deal for cancer treatment with American pharmaceutical company Abbvie. The deal was taken with ISB-2001 drug, causing investors to purchase vigorously.
Technical View: Which level is important now?
According to Nandish Shah (Nandish Shah) of HDFC Securities, Nifty has broken the important support levels like 25,331 and 25,222 and now its next support is seen between 24,900 and 25,000. The level of 25,331 at the top will now work like a resistance.
Amol Athawale of Kotak Securities believes that as long as the Nifty is below 25,300, weakness can remain. If the decline continues, the index can also go up to 24,800–24,650. At the same time, if the Nifty crosses 25,300, a rally up to 25,650 is possible.
Will Monday see relief?
LKP Securities’s metaphor de (Rupak D) said that the Nifty has not only gone below its previous swing, but is also below 21-ma (exponational moving average). This causes short-term weakness. However, the index is now near a 200-hour moving average, from where a technical bounceback is likely to be likely.
If the market opens above 25,150–25,160 on Monday, 25,250 and 25,400 can be expected. But if weakness persists, then 25,090 and 24,900 will be important support.
Bank Nifty condition
The level of 20-Day SMA and 56,500 has emerged as very important support for bank Nifty. When they break, the index can go up to 56,000–55,800. The return of the boom is possible only when the index survives above 57,100, which can lead to a rise of up to 58,000.
What will be the focus next?
On Monday, the market will be eyeing the results of HCL Technologies, Ola Electric, Tata Technologies and Rallis India. Apart from this, the post-market results of Avenue Supermarts (D-Mart) can also come into reaction on Monday.
The stock market will also be eyeing the tariff announcement of US President Donald Trump. The market may also react to Trump’s new tariffs on Canada, Mexico and European Union.
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