On Tuesday, Indian benchmark indices saw a choppy trading session with a slightly negative close. Despite opening on a positive note, both the Nifty 50 and Sensex failed to hold their early gains and ended the day marginally lower. The Bank Nifty also slipped into the red, reflecting weakness in the broader banking space. While the Nifty stayed above key longer-term moving averages, it dipped below the short-term 20 EMA, with the RSI indicating a lack of bullish momentum.
Among sectoral indices, the digital and consumption segments stood out with notable gains, driven by strong performances in stocks like Eternal Ltd., Swiggy Ltd., and Info Edge. On the other hand, media and PSU bank indices were under pressure, with stocks such as Zee Entertainment and Canara Bank dragging the indices lower. Globally, Asian markets ended mixed, showing a lack of clear direction, while US futures also traded slightly lower during Indian market hours.
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 25,166.65 on Tuesday, up by 75.95 points from Monday’s closing of 25,090.70. The Nifty Index was volatile and dragged down. It was trading in the range of 25,000 to 25,200 levels in the morning session. It was trading below its opening level at 25,110 and was below the 200 EMAs but above the 20/50/100 EMAs in the 15-minute time frame.
The Index made both day high at 25,182.00 and the day’s low at 25,035.55 in the morning session. In the afternoon session, the Nifty Index sustained above the 25,000 level and closed near the day’s low at 25,060.90 in red. During the afternoon session, it closed below all four EMAs of 20/50/100/200 EMAs in the 15-minute time frame. Nifty’s immediate resistance levels are R1 (25,122), R2 (25,182), and R3 (25,253), while immediate support levels are S1 (25,006), S2 (24,889), and S3 (24,826).
The Nifty index had reached a day’s high at 25,182.00, closed in red above the 25,000 level, and saw a day’s low at 25,035.55. Finally, it had closed below the opening level at 25,090.70, losing -29.8 points or -0.12%. The Relative Strength Index (RSI) stood at 46.65 (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 Nifty Bank Index started the session on a positive note at 57,253.35 on Tuesday, up by +300.6 points from Monday’s closing of 56,952.75. In the morning session, the index dragged down to negative and fell downwards by -304.65 points. It was trading between the range of 57,300 to 57,000 levels and broke the 57,000 level below and was above all four 20/50/100/200 EMAs in the 15-minute time frame and made the day’s high at 57,286.15 in the morning session.
In the afternoon session, the Bank Nifty lost its momentum and broke below the 56,800 level and made the day’s low at 56,692.00. The Nifty Bank closed near the day’s low at 56,756.00 in red. During the afternoon session, it closed below all four 20/50/100/200 EMAs in a 15-minute time frame. Bank Nifty immediate resistance levels are R1 (57,104), R2 (57,285), and R3 (57,530), while immediate support levels are S1 (56,632), S2 (56,211), and S3 (55,794).
The Bank Nifty index had peaked at 57,286.15 and made a day’s low at 56,692. Finally, it had closed in red at 56,756.00, losing -196.75 points or 0.35%. The Relative Strength Index (RSI) stood at 51.48 (below the overbought zone of 70) in the daily time frame, and Bank Nifty was above the 50/100/200 but remained below 20 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 followed a similar trend as the Nifty 50, opening on a positive note at 82,527.43 on Tuesday, up by +327.09 points from Monday’s closing of 82,200.34. The Index was volatile in the morning session and was dragged down by -188.2 points. The Index was trading in the range of 82,500 to 82,100 levels. It was trading below the opening level at 82,339 and was trading above the 20/50/100 but below the 200 EMAs in the 15-minute time frame and made a day’s low at 81,518.66 and a day’s high at 82,538.17 in the morning session.
In the afternoon session, the Sensex Index sustained above the 82,100 level and closed near the day’s low at 82,186.81 in red. During the afternoon session, it traded above the 50 EMA but below the 20/100/200 EMAs in the 15-minute time frame. BSE Sensex immediate resistance levels are R1 (82,539), R2 (82,757), and R3 (83,036), while immediate support levels are S1 (82,031), S2 (81,551), and S3 (80,944).
The BSE Sensex index had peaked at 82,538.17 and made a day’s low at 82,110.63. Finally, it had closed at 82,186.81, down by -13.53 points. The Relative Strength Index (RSI) stood at 46.69 (below the overbought zone of 70) in the daily time frame, and the BSE Sensex was above the 50/100/200 EMAs but remained below the 20 EMA in the daily time frame.
India VIX
On Tuesday’s session, the India VIX decreased from 11.20 to 10.75, down by -0.45 points or 4.02%. The decrease in the VIX index shows a calm market and an expectation of lower price fluctuations in the near future.
Market Recap 22nd July 2025
The Nifty 50 index opened at 25,167 on Tuesday, marking a rise of 76 points from Monday’s close of 25,091. Despite a volatile trading session, the index ended the day marginally lower at 25,060.90, down by 29.80 points or 0.12%. On the daily chart, it remained above the 50/100/200-day EMAs but slipped below the 20-day EMA. The RSI stood at 46.65, well below the overbought threshold of 70. Similarly, the BSE Sensex opened strong at 82,527, up 327 points from its previous close of 82,200, but eventually settled slightly lower at 82,186, down 13.53 points or 0.02%. Meanwhile, the Bank Nifty closed in the red at 56,756, down 196.75 points or 0.35%.
Among the notable sectoral performers, the Nifty India Digital Index emerged as a major gainer, closing at 9,114.25 with a rise of 102 points or 1.1%. Key contributors included Eternal Ltd., which surged 10.3%; Swiggy Ltd., up 5.7%; and Info Edge (India) Ltd., up 4.2%. The Nifty India Consumption Index also ended higher at 11,801.50, gaining 54.40 points or 0.5%.
On the downside, the Nifty Media Index closed at 1,733.60, registering a decline of 40.30 points or 2.3%. Losses in Zee Entertainment, Dish TV India, and Network 18 Media & Investments weighed on the index, with Zee Entertainment being the biggest drag, falling 5.7%. The Nifty PSU Bank Index also saw significant losses, ending at 7,006.35, down 111.75 points or 1.6%. Among the major decliners were Canara Bank, Punjab National Bank, and Punjab & Sind Bank, with Canara Bank slipping 3.6%.
Asian markets presented a mixed picture on Tuesday. South Korea’s Kospi dropped 1.29%, or 40.87 points, to 3,169.94. Japan’s Nikkei 225 edged down 0.11%, or 44.19 points, to close at 39,774.92. In contrast, China’s Shanghai Composite ended higher at 3,581.86, up 22.07 points or 0.62%, while Hong Kong’s Hang Seng rose 0.54%, or 135.89 points, to settle at 25,130.03. As of 4:33 p.m., Dow Jones Futures were trading lower by 30.80 points, or 0.08%, at 44,292.27.
Trade Setup Summary
The Nifty 50 opened on a positive note on Tuesday, was more volatile in the morning session, and was dragged down throughout the session and closed at 25,060.90 in red but trading above the 25,000 level. A break below 25,006 could trigger further selling towards 24,889, while a break above 25,122 could trigger bullishness towards 25,182.
Bank Nifty started the session on a positive note at 57,253.35 but ended the day in red at 56,756.00, breaking above the 56,800 level. A break below 56,632 could trigger further selling towards 56,211, while a break above 57,104 could trigger bullishness towards 57,285. Sensex opened on a similar trend, opening on a positive note at 82,527.43 but ending the day at 82,186.81 in the red. A break below 82,031 could trigger further selling towards 81,551, while breaking the next resistance level of 82,539 could lead towards the 82,757 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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