On Wednesday, the Nifty 50 opened flat at 25,196.60 and closed slightly higher at 25,212.05, gaining 16.25 points or 0.06%. The Sensex also edged up by 63.57 points to end at 82,634.48. Despite the modest gains, investor sentiment remained cautious due to a weak start to the earnings season and mixed global cues, leading to ongoing market volatility. The Nifty remained below its 20-day EMA but stayed above the 50/100/200-day EMAs, with the RSI at neutral levels.
Sector-wise, PSU Banks, Media, and IT were among the top performers, with notable gains in stocks like Network 18, Hathway Cable, Wipro, and PNB. In contrast, Metal and Healthcare indices declined, dragged down by stocks such as Tata Steel and Jindal Stainless. Asian markets closed mostly lower, reflecting a bearish trend, while Dow Jones Futures showed a slight uptick. In this overview, we will analyse the key technical levels and trend directions for Nifty and BSE Sensex to monitor in the upcoming trading sessions. All the charts mentioned below are based on the 5-minute timeframe.
Nifty 50
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
To view other technical reports, click here
The Nifty 50 Index opened in green at 25,196.60 on Wednesday, slightly up 0.8 points from Tuesday’s closing of 25,195.80. The Nifty Index was volatile and was trading in the range of 25,100 and 25,220 in the morning session. It was trading above its opening level at 25,204.30 and was below 100 & 200 EMAs and remained above 20 & 50 EMAs in the 15-minute time frame in the morning session. In the afternoon session, the Nifty Index rose and sustained above the 25,200 level, gaining its momentum, and made a day’s high of 25,255.30 in the afternoon session and closed in green at 25,212.05. During the afternoon session, it closed below the three EMAs (20/100/200 EMAs) and remained only above the 50 EMA in the 15-minute time frame in the afternoon session.
Nifty’s immediate resistance levels are R1 (25,219.80), R2 (25,253.85), and R3 (25,315.15), while immediate support levels are S1 (25,159.15), S2 (25,093.25), and S3 (25,020.75). The Nifty index had reached a day’s high at 25,255.30, closed in green above the 25,200 level, and saw a day’s low at 25,121.05. It had closed above the opening level at 25,212.05, gaining 16.25 points or 0.064%. The Relative Strength Index (RSI) stood at 51.05 (below the overbought zone of 70) in the daily time frame, and Nifty 50 closed above the three 50/100/200 EMAs and remained only below the 20 EMA in the daily time frame.
Bank Nifty
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
The Bank Nifty Index also followed a similar trend as the Nifty 50, opening at 57,111.25 on Wednesday, up by 104.6 points from Tuesday’s closing of 57,006.65. It was trading between the range of 56,900 to 57,250 levels in the morning session the index broke below the 57,000 level but bounced back to 57,218, and made its day’s low of 56,937.60 and was above all four of the 20/50/100/200 EMAs in the 15-minute time frame. In the afternoon session, the Bank Nifty sustained above 57,200 level, but lost its momentum and closed at 57,169. During the afternoon session, it closed above the EMAs of 50/100/200 and remained only below 20 EMA in a 15-minute time frame in the afternoon session.
Bank Nifty immediate resistance levels are R1 (57,193.60), R2 (57,259.25), and R3 (57,363.05), while immediate support levels are S1 (57,002.15), S2 (56,910.70), and S3 (56,830.85). The Bank Nifty index had peaked at 57,276.55 and made a day’s low at 56,937.60. Finally, it had closed in green at 57,168.95, gaining 162.30 points or 0.28%. The Relative Strength Index (RSI) stood at 58.76 (below the overbought zone of 70) in the daily time frame, and Bank Nifty was above the four 20/50/100/200 EMAs in the daily time frame.
Sensex
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
To view other technical reports, click here
The BSE Sensex Index opened on a negative note at 82,534.66 on Wednesday, down by -36.25 points from Tuesday’s closing of 82,570.91. The Index was volatile in the morning session and was trading in the range of 82,650 and 82,350. It was closing above the opening level of 82,613.25 and was trading above 20/50 EMAs and remained below the 100/200 EMA in the 15-minute time frame in the morning session. In the afternoon session, the Sensex Index rose and broke above the 82,700 mark, but closed in green at 82,634.48. During the afternoon session, it traded below EMAs of 100/200 and remained above 20/50 EMAs in the 15-minute time frame in the afternoon session.
BSE Sensex immediate resistance levels are R1 (82,665.64), R2 (82,798.83), and R3 (83,021.07), while immediate support levels are S1 (82,519.23), S2 (82,347.25), and S3 (82,121.82). The BSE Sensex index had peaked at 82,784.75 and finally, it had closed at 82,634.48, up by 63.57 points or 0.077%. The Relative Strength Index (RSI) stood at 50.25 (below the overbought zone of 70) in the daily time frame, and the BSE Sensex was above the three 50/100/200 EMAs and remained only below the 20 EMA in the daily time frame.
India VIX
The India VIX decreased from 11.48 to 11.24 on Wednesday, down by -0.24 points or -2.09%. The wide decrease in the VIX index shows a calm and stable market.
Market Recap 16th July 2025
The Nifty 50 opened flat at the start of the day, opening at 25,196.60, marginally up by 0.8 points from the closing price of 25,195.8 of the previous day. The index gained 16.25 points, or 0.06%, on Wednesday, with a day-high of 25,255.30 in the morning and closing at 25,212.05. The RSI was at 51.05, far below the overbought zone of 70, and the Nifty closed below the 20-day EMA. But it closed above all three of the 50/100/200-day EMAs on the daily chart. Sensex concluded the day at 82,634.48, up 63.57 points, or 0.08%, with an RSI of 50.25. A dismal start to the earnings season and conflicting global cues are leaving investors confused, which eventually creates uncertainty and volatility in the market.
Many major indices were in green on Wednesday. The Nifty PSU Bank Index, which closed at 7,267.20, up 128.85 points or 1.81%, was among the top gainers. The index was boosted by stocks such as Punjab National Bank, which surged 2.43%; Punjab & Sind Bank, which grew 2.05% and Bank of Baroda jumped 1.95%, on Wednesday. Additionally, the Nifty Media Index gained 22.75 points, or 1.31%, to close at 1,758.60.
Top gainers of this index were Network 18 Media, which jumped 13.34% after the results announcement that it turned profitable in Q1FY26. Hathaway Cable also jumped 6.35% due to good results in Q1FY26. The Nifty IT Index, which closed at 37,660.70, up 236.10 points or 0.63%, was also among the top gainers. The index was increased by stocks such as Wipro, Tech Mahindra, and LTI Mindtree, which grew by more than 1.5% on Wednesday.
The Nifty Metal Index, however, fell -51.25 points, or -0.54%, and closed at 9,360.70. The index declined as a result of heavyweights such as Jindal Stainless Ltd, Jindal Steel & Power, National Aluminium Co., and Tata Steel Ltd. tumbling more than 1%. Another significant loser was the Nifty Healthcare Index, which closed at 14,737.25, down -50.40 points or -0.34%.
Asian markets showed a bearish trend on Wednesday. Hong Kong’s Hang Seng declined -72.36 points, or -0.30%, to 24,517.76. The Kospi in South Korea closed at 3,186.38, down by -0.91% or -28.90 points. Japan’s Nikkei 225 tumbled by -14.62 points or -0.04%, settling at 39,663.40. Shanghai’s Composite Index closed the day marginally lower at 3,503.78, down -1.22 points, or -0.03%. At 4:42 p.m., Dow Jones Futures were up 30.79 points, or 0.07%, on the US stock exchange at 44,054.08.
Trade Setup Summary
The Nifty 50 opened in green on Wednesday but was volatile in the morning session, rebounded from its day’s low later in the afternoon session, and closed on a positive note at 25,212.05, peaking at 25,255.30. A break below 25,159.15 could trigger further selling towards 25,093.25, while a break above 25,219.80 could trigger bullishness towards 25,253.85.
Bank Nifty opened on a similar trend, opening in green and ending at 57,168.95, above the 57,000 mark. A break below 57,002.15 could trigger further selling towards 56,910.70, while a break above 57,193.60 could trigger bullishness towards 57,259.25. Sensex opened on a reverse trend, opening on a negative note, and ended at 82,634.48. A break below 82,519.23 could trigger further selling towards 82,347.25, while breaking the next resistance level of 82,665.64 could lead towards the 82,798.83 level.
Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these critical levels. Additionally, traders can combine moving averages to identify more accurate entry and exit points.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
About: Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Private Limited, and its SEBI-registered research analyst registration number is INH000015729.
Investments in securities are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
