The Nifty 50 opened higher at 25,230.75 on Thursday and fell -100.60 points (-0.40%) to 25,111.45, closing below its 20-day EMA but above the 50/100/200-day EMAs. Neutral momentum was indicated by the RSI, which was 47.56. The Sensex fell as well, closing at 82,259.24, down -375.23 points (-0.45%) with an RSI of 46.41. Concerns about international trade, a cautious attitude ahead of quarterly results, and poor IT profitability were the main causes of the decline.
With increases in Prestige Estates, Welspun Corp, and Whirlpool of India leading the way, the sectors that performed the best were Nifty Realty (+1.24%), Metal (+0.67%), and Consumer Durables (+0.50%)., The decline in IT majors like Tech Mahindra and Infosys caused the Nifty IT Index to plummet by 1.39% and PSU banks also suffered. Asian markets saw a mixed response, with the Shanghai Composite and Nikkei climbing and the Hang Seng slightly declining. Late in the day, U.S. Dow Jones Futures saw a slight decline of 0.16%.
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)).
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The Nifty 50 Index opened on a positive note at 25,230.75 on Thursday, up by 18.7 points from Wednesday’s closing of 25,212.05. The Nifty Index was volatile and was trading in the range of 25,150 to 25,250 in the morning session. It was trading below its opening level at 25,193.55 and was above the 20/50 EMAs but below the 100/200 EMAs in the 15-minute time frame in the morning session.
In the afternoon session, the Nifty Index further dragged down and made a day’s low in the afternoon session of 25,101.00 and rebounded from the day’s low and closed in red at 25,111.45. During the afternoon session, it closed below all four EMAs of 20/50/100/200 in the 15-minute time frame in the afternoon session. Nifty’s immediate resistance levels are R1 (25,127), R2 (25,167), and R3 (25,224), while immediate support levels are S1 (25,088), S2 (25,020), and S3 (24,966).
The Nifty index had reached a day’s high at 25,238.35, closed in red below the 25,200 level, and saw a day’s low at 25,101.00. Finally, it had closed below the opening level at 25,111.45, losing -100.6 points or -0.4%. The Relative Strength Index (RSI) stood at 47.56 (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 57,231.95 on Thursday, up by +63 points from Wednesday’s closing of 57,168.95. In the morning session, it was trading between the range of 57,300 to 56,900 levels and broke the 57,000 level below and was below all four of the 20/50/100/200 EMAs in the 15-minute time frame.
In the afternoon session, the Bank Nifty was dragged down and made its day’s low of 56,780.15 but rebounded from the day’s low and closed in red at 56,828.80. During the afternoon session, it closed below all 20/50/100/200 EMA in a 15-minute time frame in the afternoon session. Bank Nifty immediate resistance levels are R1 (56,909), R2 (57,116), and R3 (57,276), while immediate support levels are S1 (56,778), S2 (56,598), and S3 (56,417).
The Bank Nifty index had peaked at 57,262.85 and made a day’s low at 56,780.15. Finally, it had closed in red at 56,828.80, losing -340.15 points or 0.59%. The Relative Strength Index (RSI) stood at 52.99 (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)).
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The BSE Sensex Index opened on a positive note at 82,753.53 on Thursday, up by 119.05 points from Wednesday’s closing of 82,634.48. The Index was volatile in the morning session and was dragged down and was trading in the range of 82,800 to 82,500 levels. It was closed below the opening level at 82,546 and was trading above the 20/50 EMA but below the 100/200 EMAs in the 15-minute time frame in the morning session.
In the afternoon session, the Sensex Index sustained at the 82,400 level but lost its momentum and made its day’s low of 82,219.27. Further, the Index bounced back from its day’s low and closed in red at 82,259.24. During the afternoon session, it traded below all the EMAs of 20/50/100/200 in the 15-minute time frame in the afternoon session. BSE Sensex immediate resistance levels are R1 (82,345), R2 (82,780), and R3 (83,025), while immediate support levels are S1 (82,011), S2 (82,581.52), and S3 (81,204).
The BSE Sensex index had peaked at 82,757.09 and made a day’s low at 82,219.27. Finally, it had closed at 82,259.24, down by -375.23 points or -0.45%. The Relative Strength Index (RSI) stood at 46.41 (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
On Thursday’s session, the VIX remained flat at 11.24 indecisive by forming a doji candle. Participants are uncertain whether volatility (and therefore risk) is likely to increase or decrease; this shows uncertainty.
Market Recap 17th July 2025
The Nifty 50 had a positive start to the day, opening at 25,230.75, up 18.7 points from the closing price of 25,212.05. The index fell -100.60 points, or -0.40%, on Thursday, closing at 25,111.45 after plunging to a day low of 25,101 in the second half. The RSI was at 47.56, comfortably below the overbought zone of 70, and the Nifty ended below the 20-day EMA. However, it closed above all three of the 50/100/200-day EMAs on the daily chart. The Sensex closed the day at 82,259.24, down 375.23 points, or 0.45%, with an RSI of 46.41. Today’s decline was caused by a cautious stance ahead of quarterly reporting, poor IT results, and worries about disruptions to international trade.
Many major indices were up on Thursday. The Nifty Realty Index, which closed the day at 1,001.10, up 12.25 points, or 1.24%, was one of the biggest winners. The index surged as a result of stocks like Prestige Estates Projects, which increased 3.81%; Godrej Properties Ltd., which increased 2.23%; and Sobha Ltd., which increased 2.08% on Thursday. Additionally, the Nifty Metal Index also ended the day at 9,423.35, up 0.67%, or 62.65 points.
The index’s biggest gainer, Welspun Corp Ltd, increased by 2.32%, while Jindal Steel & Power Ltd saw a 1.99% increase. The Consumer Durables Index was also among the top gainers, closing the day up 0.50 percent, or 195.30 points, at 38,999.65. The index gained more than 3.5% on Thursday thanks to stocks including Kajaria Ceramics Ltd., V-Guard Industries Ltd., and Whirlpool of India.
However, the Nifty IT Index ended the day at 37,138.55, down -1.39%, or -522.15 points. The index declined as a result of heavyweights including Tech Mahindra, LTI Mindtree, Persistent Systems, and Infosys dropping more than 2.5 percent. Another significant loser was the Nifty PSU Bank Index, which ended the day at 7,209.90, down -57.30 points, or -0.79%. The weak quarterly earnings reports from the banking and IT industries made investors nervous, which caused the indices to fall.
Asian markets showed a mixed trend on Thursday. At 24,498.95, Hong Kong’s Hang Seng dropped -18.81 points, or -0.08%. South Korea’s Kospi was up 5.91 points, or 0.19%, at 3,192.29 at the close of the day. Shanghai’s Composite Index ended the day up 13.05 points, or 0.37%, to a slightly higher closing of 3,516.83, while Japan’s Nikkei 225 climbed 0.6%, or 237.79 points, to close at 39,901.19. At 4:30 p.m., Dow Jones Futures were down 69 points, or 0.16%, on the US stock exchange, trading at 44,390.
Trade Setup Summary
The Nifty 50 opened on a positive note on Thursday, was volatile in the morning session, and was dragged down in the afternoon session, and closed on a negative note at 25,111.45, peaking at 25,238.35. A break below 25,088 could trigger further selling towards 25,020, while a break above 25,127 could trigger bullishness towards 25,167.
Bank Nifty opened on a positive note, opening in green and ending in red at 56,828.80, below the 57,000 mark. A break below 56,778 could trigger further selling towards 56,598, while a break above 56,909 could trigger bullishness towards 57,116. Sensex opened on a similar trend, opening on a positive note at 82,753.53 but ending on a negative note at 82,259.24. A break below 82,011 could trigger further selling towards 81,581, while breaking the next resistance level of 82,345 could lead towards the 82,780 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.
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