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July 28, 2025
- Daily Morning Report Date: 28.07.2025
- NIFTY OUTLOOK: 24837.00 FII: -1979.96 cr DII: 2138.59 cr
- As discussed in the previous report dated 21st July 2025, market behaviour remained in line with expectations. Nifty faced resistance near 25255, making a high of 25246 before slipping to our support level of 24825.
- A bearish candle with an upper shadow on the weekly chart indicates selling pressure on rallies. Immediate support lies at 24750–24700; if this fails, further downside to 24565–24427 is possible. Extended selling could drag it to 24291.
- On the upside, 25110–25250 remains key resistance. A breakout and sustained move above this may take Nifty towards 25383. Minor resistance exists at 24973 within the broader range of 24837–25110.
- Bank Nifty OUTLOOK
- SPOT: 56528.90 PCR: 0.67 Max CE OI: 57000 Max PE OI: 56000
- On 25th July 2025, Bank Nifty closed at 56528.90, down 0.94% from the previous day. The index moved 731.30 points during the session, hitting a high of 57170.70 and a low of 56439.40.
- Technical View (Daily Chart)
- Key support and resistance levels are at 55900 and 57100, respectively.
- Intraday Strategy
- Buy above 56730 with SL 56660 and target 56930
- Sell below 56328 with SL 56390 and target 56126
- Indicators & Moving Averages
- RSI stands at 47.90 (neutral zone)
- Trading above 50, 100, 150, and 200-day SMAs
- Trading below 5, 10, 20, and 30-day SMAs
- No active candlestick pattern observed
- Macros
- 1. Dollar index @ 97.40
- 2. S&P 500 Vix @ 14.93
- 3. Brent oil @ 67.66
- 4. US 10 years bond yield @ 4.386
- Note:
- A much-awaited visit by the U.S.-China Business Council to China is expected this week, with meetings lined up with senior Chinese officials, according to the South China Morning Post (SCMP), citing sources familiar with the matter.
- Meanwhile, Beijing and Washington are likely to extend their tariff truce by another 90 days during trade talks in Stockholm starting Monday, SCMP reported. During this extension, both sides are expected to refrain from imposing new tariffs or taking any actions that could escalate the ongoing trade war.
- On the domestic front, Indian equity benchmarks closed at a one-month low on Friday, marking their longest weekly losing streak of 2025. The broader sell-off was triggered by weak corporate earnings, sustained foreign outflows, and global trade uncertainties, all of which weighed heavily on investor sentiment.
- As anticipated, Indian equities were expected to face pressure in the absence of strong earnings signals. The earnings season so far has been mixed.
- Contributed by
- Ashok bhandari : INH000019549
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- Piyush Goyal told ET Now that India negotiates trade deals with confidence and a clear strategy, prioritizing citizens' interests.
- FTA talks with the US, EU, New Zealand, and Oman are progressing well.
- Developed nations view India as a complementary partner, and the upcoming
- @beatthestreet10
- Trump: We are close to reaching a trade agreement with China
- @beatthestreet10
- Trump: The President of the European Commission is doing a great job
- @beatthestreet10
- Trump: We want to resolve outstanding issues with Europe
- @beatthestreet10
- TRUMP ON TRADE: AUG 1 DEADLINE FOR ALL DEALS EXCEPT STEEL AND ALUMINUM
- @beatthestreet10
- TRUMP ON EU TRADE: IF WE DO A DEAL TODAY THAT WILL BE THE END OF IT
- @beatthestreet10
- TRUMP ON EU TRADE: PHARMACEUTICALS WON'T BE PA OF IT
- @beatthestreet10
- #TRUMP ON TRADE: AUG 1 DEADLINE FOR ALL DEALS EXCEPT STEEL AND ALUMINUM
- @beatthestreet10
- TEMU HAS BEEN TOLD BY US COMPANIES AND SELLERS THAT IT CANNOT PROVIDE CHEAPER PRICES ON BRANDED PRODUCTS THAN THOSE OFFERED ON AMAZON - FT
- $AMZN
- @beatthestreet10
- TRUMP ASKED IF CAN DO BETTER THAN 15% TARIFF RATE ON EU: IF BETTER MEANS LOWER, NO
- @beatthestreet10
- Trump says EU trade tariffs will not be lower than 15 percent as he opens crunch talks with EU chief Ursula von der Leyen in Scotland
- @beatthestreet10
- Trump: ‘We have reached a deal’ with the EU
- @beatthestreet10
- Laurus Labs: Allotted 531.77 acres of land by Government of AP
- Laurus will invest 5,630 Crores to provide employment to 6,350 people in 3 phases over a period of 8 years
- @beatthestreet10
- MS on Kotak Mahindra Bank
- Maintain Overweight; Cut TP to Rs 2600 from Rs 2650
- Q1: Soft quarter in a tough macro
- While growth was stronger than system, NIM decline and NPL formation were higher than expected
- Q2 will remain tough due to further margin decline
- Expect earnings to accelerate thereafter, led by lagged repricing of deposits, CRR cut benefits, and improvement in loan mix
- @beatthestreet10
- Investec on TCS
- Maintain Buy with TP of Rs 3705
- 2% workforce cut is not negative
- TCS has 613,000 employees and 2% (12,000) is not material
- Companies usually have involuntary attrition rates of 1-2%; TCS does not disclose this metric and this is not unusual
- TCS attributes this cut to a mismatch in skills vs market requirements
- @beatthestreet10