NIFTY 1D Timeframe

Closing Price: 24,837.00

Net Change: −225.10 points (−0.90%)

Opening: 24,981.35

High: 25,008.90

Low: 24,770.85

Trend: Bearish

📊 Technical Overview
✅ Candle Type:
Bearish candle formed with a long body and small wicks.

Indicates strong selling pressure throughout the day.

🔻 Support Zones:
24,750 – Immediate support (tested on 25 July)

24,600 – Stronger support zone

24,400 – Medium-term support from early July

🔺 Resistance Zones:
24,900 – Immediate resistance

25,000 – Psychological resistance

25,150–25,300 – Strong resistance zone

📈 Indicators Summary:
RSI: Likely near 45 – showing weakening momentum

MACD: Bearish crossover continues – indicating downward trend

Volume: Slightly higher than average – confirms active selling

🧠 Market Sentiment:
Sentiment remains cautious and bearish.

Selling seen in major sectors like Auto, Energy, FMCG, and Banking.

Only Pharma showed relative strength.

Global cues and foreign investor selling weighed on market sentiment.

This marks the fourth straight weekly loss for the Nifty index.

✅ Conclusion:
Nifty is in a short-term downtrend, unable to sustain above 25,000.

If 24,750 is broken decisively, the next target could be 24,600 or lower.

Bulls must reclaim and hold above 25,000–25,150 to reverse the sentiment.