Nifty surprised bears with a strong bounce today, reclaiming the 21 EMA and closing well above 25,200. This breakout from a tight range hints at short covering and possibly a short-term bottom around 24,950. While volume isn’t explosive, the price action is constructive for bulls — but resistance overhead still needs to be taken out decisively.
Let’s break it down 👇
Market Mood Index
47.01
MMI is in the Fear Zone .it suggest that investors are acting Fearful in market.
Key Global Indices
As of 07:20 AM, July 24
| Index/Asset | Country | Value | Change | Change (%) | |
|---|---|---|---|---|---|
| ↑ | GIFTNIFTY | India | 25294.00 | +1.50 | (+0.01%) |
| ↓ | DOW FUTURES | USA | 44906.80 | -103.50 | (-0.23%) |
| ↑ | DOW JONES | USA | 45010.28 | +507.83 | (+1.14%) |
| ↑ | NASDAQ | USA | 21010.32 | +117.64 | (+0.56%) |
| ↑ | S&P 500 | USA | 6359.91 | +50.29 | (+0.80%) |
Key Indian Indices
Indian Market Data
| Index/Asset | Description | Value | Change | Change (%) | |
|---|---|---|---|---|---|
| ↓ | INDIAVIX | India VIX Index | 10.5150 | -0.2375 | -2.21% |
| ↑ | SENSEX | S&P BSE Sensex | 82,726.64 | +539.83 | +0.66% |
| ↑ | NIFTY | Nifty 50 Index | 25,219.90 | +159.00 | +0.63% |
| ↑ | BANKNIFTY | Nifty Bank Index | 57,210.45 | +454.45 | +0.8% |
NIFTY50 – Pre-Market Analysis (July 24, 2025)
📊 Market Recap (July 23, 2025)
✅ Nifty closed at 25,219.90, up +159 pts (+0.63%)
✅ Strong bullish candle formed after 4 days of consolidation
✅ Reclaimed both 21 EMA (25,183) and 50 EMA (24,954)
🔄 Price bounced from key demand zone (24,750–24,900)
📉 Volume still below average but improving
🔁 FIIs neutral to slightly positive; signs of bottom-fishing
📈 Chart Insights – Daily (1D)
- 🟢 Clean bullish candle with close above 21 EMA
- 🟢 Minor volume support — short-covering likely
- 🟢 Strong defense around 24,950 zone for 3rd time
- 🔶 Resistance ahead: 25,350 / 25,500
- 🔻 Support zone: 24,950 / 24,750
📌 Trend Watch: Bullish above 25,200 — may target 25,350–25,500
📌 Risk: If Nifty breaks back below 25,000, downside resumes
🔮 Tomorrow’s Outlook – July 24, 2025
📈 Bias: Bullish to Range-Bound
📌 Support: 25,000 / 24,950
📌 Resistance: 25,350 / 25,500
🔍 Key Level: 25,180 – hold above it for further upside
Expecting a mild gap-up to flat open. Bulls may attempt a follow-through toward 25,350–25,400. But if Nifty slips below 25,100, watch for quick profit booking.
🧠 Option Strategy – Bullish Credit Spread (Limited Risk)
✅ View: Nifty likely to stay above 25,100
🔧 Strategy Type: Bull Put Spread (Credit Strategy)
Trade Setup:
🟢 Sell 25,000 PE
🔴 Buy 24,800 PE
Why?
→ Nifty has reclaimed short-term control and defended 24,950 well
→ Support around 25,000 likely to hold
→ You profit if Nifty closes above 25,000 by expiry
📊 Risk/Reward:
🔐 Max Profit: If Nifty closes above 25,000
❌ Max Loss: If Nifty closes below 24,800
💰 Risk is capped, and reward is limited but high probability
🧘 Ideal for sideways-to-bullish market
📘 For education only. Always manage position sizing and trade within your risk tolerance.
Smart Money Flows
FII & DII Activity (₹ Cr.)
| Date | FII (₹ Cr.) | DII (₹ Cr.) |
|---|---|---|
| 23 JUL | -4,209 | 4,359 |
| 22 JUL | -3,549 | 5,240 |
| 21 JUL | -1,681 | 3,578 |
| 18 JUL | 375 | 2,104 |
| 17 JUL | -3,694 | 2,821 |
📌 Wrapping Up
Nifty has shown signs of recovery with a strong bounce back above EMAs. While there’s overhead resistance, the short-term trend is now mildly bullish. We’re deploying a Bull Put Spread strategy to profit from this bounce — with defined risk and a high probability setup.Stay light, trade safe, and stay updated!
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Stay disciplined. Trade with logic, not emotion. ✅