The Indian stock market is expected to open higher on Tuesday, July 22, 2025, mirroring gains in global markets. Gift Nifty trends also indicate a positive start for the Indian benchmark index.
Global Market Trends
Asian markets edged higher, following a record-setting rally on Wall Street. U.S. pre-market futures also hinted at a positive start, with Dow Jones, Nasdaq, and S&P 500 futures up around 0.27%. However, European indices ended lower.
What to Expect
The Gift Nifty was trading around the 25,184 level, a premium of nearly 56 points from the Nifty futures' previous close.
According to Ankit Gohel, Nifty 50 formed a bullish candlestick with a lower shadow on the daily chart, signaling renewed buying interest at lower levels.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, noted that Sensex formed a bullish candle near the 50-day SMA (Simple Moving Average), suggesting a likely continuation of the pullback formation in the near future. He added that 82,000 and 81,500 would act as key support zones for traders. As long as Sensex trades above 81,500, the pullback formation is likely to continue and could potentially extend up to the 20-day SMA or 82,800, and possibly 83,000. However, a decline below 81,500 would make the uptrend vulnerable.
VLA Ambala, Co-Founder of Stock Market Today, anticipates Nifty 50 to find support between 25,000 and 24,940, with resistance near 25,240 and 25,350.
Dr. Praveen Dwarakanath, Vice President of Hedged.in, suggested buying Nifty 50 on every dip with targets of 25,500 and 25,800. Dwarakanath also noted that momentum indicators are rising from the oversold region, potentially indicating a bounce from the current levels. The ADX DI+ line is rising, and the ADX DI- line is dropping, showing that the momentum on the upside is picking up. The index is closing above the 50-day moving average, showing strength.
Key Levels to Watch
Technical analysis indicates that the market is likely to open with a focus on the no-trading zone for Nifty between 24,995 and 25,106. It is advised to avoid initiating positions within this range to minimize the risk of whipsaws.
Nifty 50 is at a critical juncture, testing key resistance levels. Immediate resistance is at 25,106. A 15-minute candle close above this level signals a bullish breakout, with potential targets at 25,180, 25,255, and 25,330. Key support is at 56,500, followed by 56,250.
Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market indicates a trend reversal as the Nifty 50 index has bounced back strongly after inching close to 50-DEMA support of 24,900. Bagadia said that the key benchmark index is facing a hurdle at 25,250. On breaking above this resistance on a closing basis, one can expect the 50-stock index to touch 25,500 and 25,700 soon.
Important Factors
Overall Sentiment
Overall trader sentiment remains optimistic, with a decisive close above 25,200 being crucial for sustaining the current bullish momentum.
