The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat on Monday, tracking mixed global market cues.<\/p>\n
The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 25,019 level, a discount of nearly 13 points from the Nifty futures\u2019 previous close.<\/p>\n
On Friday, the domestic equity market ended lower, with the benchmark Nifty 50 slipping below 25,000 level.<\/p>\n
The Sensex<\/a> tanked 501.51 points, or 0.61%, to close at 81,757.73, while the Nifty 50 settled 143.05 points, or 0.57%, lower at 24,968.40.<\/p>\n Here\u2019s what to expect from Sensex, Nifty 50 and Bank Nifty today:<\/p>\n Sensex Prediction<\/p>\n Sensex, on daily and intraday charts, is holding lower top patterns, and on weekly charts, it has formed a bearish candle, which is largely negative.<\/p>\n \u201cWe believe that the short-term market texture is weak, but a fresh sell-off is possible only after the dismissal of 81,600. Below this level, Sensex<\/a> is likely to retest the levels of 80,700 – 80,400. On the flip side, the 50-day SMA (Simple Moving Average) or 82,100 and 82,300 would act as crucial resistance zones for short-term traders,\u201d said Amol Athawale, VP-technical Research, Kotak Securities.<\/p>\n Also Read | Indian stock market: 10 things that changed for market over weekend – July 21<\/a><\/p>\n He believes if Sensex manages to trade above 82,300, it could bounce back to the 20-day SMA or 83,000, while further upside potential could lift the index up to 83,400 – 83,600.<\/p>\n Nifty 50 Prediction<\/p>\n Nifty 50 witnessed sharp weakness and closed the day lower on July 18, forming a reasonable negative candle on the daily chart, which indicates an attempt of downside breakout of the immediate support.<\/p>\n \u201cThe bullish chart pattern like higher tops and bottoms seems to have been negated and we observe the beginning of bearish chart pattern like lower tops and bottoms formation on the daily chart. The recent swing high of 25,255 could now be considered as a new lower top of the pattern,\u201d said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.<\/p>\n According to him, the underlying trend of Nifty 50<\/a> remains weak, and a slide below 24,900 levels could open more weakness down to 24,500 in this week. However, any pullback rally from here could find strong overhead resistance around 25,250.<\/p>\n Also Read | Stock market today: Eight stocks to buy or sell on Monday\u201421 July 2025<\/a><\/p>\n Om Mehra, Technical Research Analyst, SAMCO Securities noted that for the first time in several sessions, Nifty 50 closed below its 50-day SMA, and there was also a negative crossover between the 9-EMA and 20-EMA, signalling a potential shift in short-term momentum.<\/p>\n \u201cWhile the broader trend remains upward, the near-term outlook has shifted to cautious. Unless Nifty 50 reclaims 25,240 and sustains above the short-term moving averages, the trend may remain weak. Currently, a shift from a buy-on-dip stance to a more selective sell-on-rise approach would be preferred for the next few sessions,\u201d said Mehra.<\/p>\n Sudeep Shah, Head – Technical and Derivative Research, SBI Securities highlighted that on the weekly chart, Nifty 50 formed a bearish candle with a lower high and lower low\u2019s structure \u2014 a classic indication of downward momentum. Throughout<\/p>\n \u2018The zone of 24,940 – 24,900 will act as immediate support for the Nifty 50 index as it is the confluence of the 50-day EMA level and 61.8% Fibonacci retracement level of its prior upward rally (24,473 – 25,669). If the index slips below the 24,900 level, then the next crucial support is placed at the 24,700 level. On the upside, the zone of 25,130 – 25,160 will act as an immediate hurdle for the index,\u201d Shah said.<\/p>\n Also Read | Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy<\/a><\/p>\n VLA Ambala, Co-Founder of Stock Market Today said that on technical charts, Nifty 50 established a very bearish pattern on the daily time frame and a \u2018three black crows\u2019 formation on the weekly chart.<\/p>\n \u201cIn this situation, I suggest maintaining a \u2018sell on rise\u2019 strategy until we reach key support levels. Considering these aspects, we can expect Nifty 50 to gather support between 24,750 and 24,680, and face resistance near 25,100 and 25,170 in today\u2019s market session,\u201d Ambala said.<\/p>\n Bank Nifty Prediction<\/p>\n Bank Nifty ended 545.80 points, or 0.96%, lower at 56,283.00 on Friday, and declined 0.83% for the week.<\/p>\n \u201cBank Nifty broke its short-term swing low which was around 56,590 and formed a red candle on both the daily and weekly charts, signalling weakness. The next major support for the Bank Nifty<\/a> is placed near 55,940, where 50-DEMA is placed followed by 55,150, while on the upside, 57,280 will act as strong resistance. As long as the index remains below 57,280, short-term traders are advised to adopt a sell-on-bounce strategy,\u201d said Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd.<\/p>\n Also Read | Recommended stocks to buy today, 21 July, by India’s leading market experts<\/a><\/p>\n