🔍Market Recap of July 8-2025
The Indian Markets ended the day on a positive note:
- Nifty 50 closed at 25,522 up by 61 points.
- Bank Nifty closed at 57,256 up by 307 points.
- Strength was visible in IT Sector and Banking Sector.
- Selling pressure was seen in SMALLCAP, MIDCAP, Reliance and CDSL.
FII/DII Activity:
- FIIs were net sellers worth ₹26 crores
- DIIs were net buyers worth ₹1367 crores
📊 Technical Outlook for July 9, 2025
The market remains in a consolidation zone with limited momentum on either side.
- Nifty Support: 25,450 / 25,400
- Nifty Resistance: 25,600 / 25,700
- Bank Nifty Support: 57,000
- Bank Nifty Resistance: 57,500
A breakout above 25,600 could lead to a sharp up-move, while any fall below 25,300 may trigger a sharp downfall.
🌐 Global & Domestic Triggers to Watch
- US markets are negative and Asian cues posed positively
- Crude prices are up, around 68.65$/barrel- up by 1.06%
- No major domestic data releases, but watch out for weekly options expiry build-up
📈 Prediction & Strategy for July 9
The market is likely to open flat-to-positive, but momentum will depend on mid-day sectoral flows.
- View: Leaning bullish with a watchful eye on potential profit-taking opportunities
- Trade Idea: Buy on dips near 25,300 with a tight stop-loss
- Watchlist Stocks: HDFC Bank, Reliance, ICICI Bank, Jio Finance, INFOSYS
🧠Final Word
Markets continue to trend positively, but a phase of healthy profit booking may emerge in the near term.
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