Morning Action @ 7 AM – Tuesday, July 22nd 2025

# Gift Nifty is indicating a positive start for the benchmark Nifty but the big question of the day would be: Will Nifty lose steam into the close?

# Strictly speaking, the street now awaits a comment from Federal Reserve Chair Jerome Powell at an event in Washington on Tuesday, July 22nd.

# Well, attention also remains squarely focused on:

1) Any potential agreements between the US-India trade developments.
2) Traders brace for a busy week of big-corporate earnings.

# Long Story short: Volatility lies ahead amidst the familiar uncertainty: Potential US-India trade developments.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty: (+96, 25185)
Dow Futures: (+91, 44414)
Nasdaq 100 Futures (+31, 23211)

Nikkei (+69, 39888)
Hang Seng (+31, 25025)

Dow Jones (-19, 44323)
Nasdaq Composite (+79, 20974)
Bovespa (+785, 134167)

What's Next for Nifty?

# MARKET TRENDS:
Global cues: Positive
FII: (-1681.23 crores)
DII: (+3578.43 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Breakout Play
F&O: 24500 - 26000 zone.

India VIX 11.20 (-1.67%)
USD/INR Futures (29th July) 86.33
Nifty PCR (31st July) 0.95
Bank Nifty PCR (31st July) 0.83

# Nifty Outlook: Keeping traders busy will be the upcoming India and the US bilateral trade pact ahead of the August 1st deadline.

Investors will hope for a favourable deal towards India.

Finger Crossed.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25091):
SUPPORT: 24881/24473
RESISTANCE: 25670/26277
RANGE: 25000-25350
BIAS: Bullish
21 DMA: 25307
50 DMA: 25039
200 DMA: 24061

SENSEX (CMP 82200):
SUPPORT: 81500/80354
RESISTANCE: 84100/85978
RANGE: 82000-83500
BIAS: Bullish
21 DMA: 82951
50 DMA: 82209
200 DMA: 79233

BANK NIFTY (CMP 56953)
SUPPORT: 56250/55149
RESISTANCE: 57615/58700
RANGE: 56500-58000
BIAS: Bullish
21 DMA: 56953
50 DMA: 56194
200 DMA: 52367

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# Wall Street mostly rings a positive Monday’s session with the S&P 500 and the Nasdaq notching new record highs while the Dow loses steam into the close.

# In Monday’s trade, the S&P 500 (+0.1%, 6305) and Nasdaq Composite (+0.4%, 20974) notched a new record high, while the Dow Jones lost steam towards the close, and ended 0.04% lower at 44323.

# The positive takeaway was that the Nasdaq Composite marked a record closing high for the sixth consecutive session.

# In the week gone by, the S&P 500 and Nasdaq Composite climbed 0.59% and 1.51%, respectively, each scaling fresh all-time highs, while the Dow ended with 0.07% loss.

# Gold prices ($3395 per ounce) spikes higher with positive bias, reaching its highest level since mid-June amidst mounting trade tensions.

# WTI crude oil futures fell and were seen trading with negative bias, now near the $65.70 per barrel.

# STOCK MARKET NEWS:

# Nifty posted spectacular rebound gains in yesterday’s trade as market mood improved after HDFC Bank and ICICI ringed solid gains post stellar Q1.

# Nifty snapped its 2-day losing streak, and most importantly ended now above psychological 25000 mark.

# Our call of the day suggests its likely to be up again for benchmark Nifty!

# The 3-Positive Catalysts:

1) Wall Street enjoys a strong Monday’s session as bullish investors shrugs-off tariffs.

2) Bullish traders eyeing US-India trade deal optimism.

3) Nifty Bank taking the lead after HDFC Bank and ICICI ring solid gains post stellar Q1.

# The 2-Negative Catalysts:

1) FII selling: In the week gone by, the FIIs were net sellers to the tune of Rs. 6672 crores. In yesterday’s trade, FIIs turned out to be net sellers to the tune of Rs 1681 crores.

2) Continuing pressure campaign on Fed Chair Jerome Powell and that brings to the big question of Federal Reserve’s independence.

# Technically speaking, Nifty’s make-or-break support at 24881 mark.

Confirmation of strength above Nifty 25670 mark. Intraday hurdles at 25421 mark.

# Commanding attention will be Q1 Corporate India’s earnings season.

Tuesday, July 22nd: CYIENT, BLUE JET HEALTHCARE, CREDIT ACCESS GRAMEEN, DALMIA BHARAT, COLPAL, DIXON TECHNOLOGIES, MGL, M&M FINANCIAL, KEI INDUSTRIES, PAYTM, JSW INFRA, IRFC, SML ISUZU, UBL,

# Keeping traders busy will be the upcoming India and the US bilateral trade pact ahead of the August 1st deadline.

Investors will hope for a favorable deal towards India.

Sentiments are on the rise this Tuesday morning, so, lets watch out stocks which are on spotlight:

1) HDFC Bank (+2.25%) gained after Q1 PAT jumped 12.24% YoY; declares 1:1 bonus and special dividend. The record date for bonus shares entitlement is August 27, 2025

The bank's profit after tax (PAT) for the quarter ended June 2025 stood at Rs 18155.21 crore, a growth of 12.24% over the quarter ended June 2024.

2) Reliance Industries (RIL) fell 3.24%. The company’s profit after tax and share of profit/(loss) of associates & JVs increased by 76.5% year-on-year (Y-o-Y) to Rs 30,783 crore in Q1 June 2025. The company's gross revenue increased by 6% Y-o-Y to Rs 273,252 crore in Q1 June 2025.

3)_ RBL Bank fell 0.97% after the private lender's standalone net profit tumbled 46.07% to Rs 200.33 crore in Q1 FY26 as against Rs 371.52 crore posted in Q1 FY25. However, total income increased 4.85% year on year (YoY) to Rs 4,510.57 crore in the quarter ended 30 June 2025.

4) Eternal Ltd (formerly Zomato) (+7.5%) jumped out pof the roof after reporting a massive 90 percent year-on-year (YoY) decline in quarterly profit after tax (PAT) at Rs 25 crore in the first quarter (Q1) of financial year 2025-26 (FY26), down from Rs 253 crore in the same period a year ago.

Zomato which operates food delivery platform Zomato and quick commerce firm Blinkit reported revenue from operations rose 70.4 percent YoY to Rs 7,167 crore in Q1, up from Rs 4,206 crore a year ago. It had reported a revenue of Rs 5,833 crore in the previous quarter.

# Commanding attention will be Q1 Corporate India’s earnings season.

Tuesday, July 22nd: CYIENT, BLUE JET HEALTHCARE, CREDIT ACCESS GRAMEEN, DALMIA BHARAT, COLPAL, DIXON TECHNOOLOGIES, MGL, M&M FINANCIAL SERVICES, KEI INDUSTRIES, PAYTM, JSW INFRA, IRFC, SML ISSUZU, UBL,

Wednesday, July 23rd: DR REDDYS LAB, FORCE MOTORS, OFSS, PERSISTENT SYSTEMS, SRF, INFOSYS, TTML, SYNGENE

# Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:

Nifty (25091): Buy at CMP. Stop at 24709. Targets 25221/24451. Aggressive targets at 25670-27000 zone.

Bank Nifty (56953): Buy at CMP. Stop at 55703. Targets 57200/57615. Aggressive targets at 58100-58300 zone.

# Our chart of the day is bullish on M&M, HDFC AMC, SOBHA DEVELOPERS, PRESTIGE ESTATES and DLF on any early excessive intraday declines with an interweek perspective.

# The 1 Stock to Buy Right Now: Buy NYKAA (CMP 215): Buy at CMP. Stop at 205.50. Targets 221/227.50. Aggressive targets at 235. (Interweek Strategy). Rationale: Massive breakout play on cards. Momentum oscillators in bullish mode. Key interweek support 207. Confirmation of strength above major hurdles at 233.

What's Next for Nifty?

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.