The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Tuesday, tracking gains in global markets.<\/p>\n
The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,184 level, a premium of nearly 56 points from the Nifty futures\u2019 previous close.<\/p>\n
On Monday, the domestic equity market indices ended with strong gains, with the benchmark Nifty 50 closing above the 25,000 level.<\/p>\n
The Sensex<\/a> rallied 442.61 points, or 0.54%, to close at 82,200.34, while the Nifty 50 settled 122.30 points, or 0.49%, higher at 25,090.70.<\/p>\n Here\u2019s what to expect from Sensex, Nifty 50 and Bank Nifty today:<\/p>\n Sensex Prediction<\/p>\n Sensex formed a bullish candle near the 50-day SMA (Simple Moving Average), indicating that a pullback formation is likely to continue in the near future.<\/p>\n \u201cFor traders, 82,000 and 81,500 would act as key support zones. As long as Sensex<\/a> is trading above 81,500, the pullback formation is likely to continue. On the higher side, the bounce back could extend up to the 20-day SMA or 82,800. Further upside may also continue, potentially lifting the index up to 83,000. On the flip side, a decline below 81,500 would make the uptrend vulnerable,\u201d said Shrikant Chouhan, Head Equity Research, Kotak Securities.<\/p>\n Also Read | Indian stock market: 10 key things that changed for market overnight – July 22<\/a>Nifty OI Data<\/p>\n In the derivatives segment, Nifty open interest (OI) data showed the highest call writing at the 25,200 strike, while the highest put OI was seen at 25,000 and 25,900 levels.<\/p>\n \u201cThis setup suggests that while resistance remains near 25,200, overall trader sentiment remains optimistic, with a decisive close above this level being crucial for sustaining the current bullish momentum,\u201d said Hardik Matalia, Derivative Analyst – Research at Choice Equity Broking.<\/p>\n Nifty 50 Prediction<\/p>\n Nifty 50 shifted into a sizable bounce back on July 21 and closed the day higher by 122 points.<\/p>\n \u201cA reasonable positive candle was formed on the daily chart with lower shadow. Technically, this market action indicates a pullback rally in the market after the downside breakout of immediate support at 25,000 levels on Friday. The negative chart pattern like lower highs and lower lows continued on the daily chart and Monday\u2019s swing low of 24,882 could be considered as a new lower low of the pattern. Hence, any further upside could be a sell on rise opportunity,\u201d said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.<\/p>\n Also Read | Stock market today: Eight stocks to buy or sell on Tuesday\u201422 July 2025<\/a><\/p>\n According to him, the short-term trend of Nifty 50<\/a> remains weak, but a decisive move above the key overhead resistance of 25,250 levels is likely to negate the bearish sentiment in the near term. Any weakness from the lower highs could revisit the recent swing low of 24,882 levels.<\/p>\n Dr. Praveen Dwarakanath, Vice President of Hedged.in suggests that the Nifty 50 index can be bought on every dip with a target of 25,500 and 25,800 levels.<\/p>\n \u201cThe momentum indicators are rising from the oversold region, indicating a potential 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 in the index,\u201d said Dwarakanath.<\/p>\n VLA Ambala, Co-Founder, Stock Market Today expects Nifty 50 to find support between 25,000 and 24,940, and meet resistance near 25,240 and 25,350 in today\u2019s trading session.<\/p>\n Bank Nifty Prediction<\/p>\n Bank Nifty index ended 669.75 points, or 1.19%, higher at 56,952.75 on Monday, posting its strongest single-day gain in over two weeks, and formed a bullish candle on the daily chart.<\/p>\n