On Wednesday, the market showed a mildly positive opening but ended the day largely flat, reflecting a cautious sentiment. The Nifty 50 and Sensex both remained under key short-term moving averages, indicating hesitation among investors despite some intraday recovery. Broader sentiment remained neutral, supported by declining volatility as the India VIX edged lower, suggesting reduced fear in the market.
Sector-wise, infrastructure and IT led the gains, signalling investor confidence in capital goods and technology segments. On the other hand, weakness in realty and media stocks dragged on overall market sentiment, pointing to selective profit booking or sector-specific concerns. Global cues were mixed, with Asian markets showing no clear trend, which added to the cautious mood domestically.
Overall, the market sentiment remained range-bound with a slightly positive bias but lacked strong momentum. 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 24,890.40 on Wednesday, up by +69.3 points from Tuesday’s closing of 24,821.10, but closed in green at the end of the session. In the morning session, the Nifty Index was volatile and consolidated above the 24,800 level. In the morning session, the Index made a day’s low at 24,771.95 but later surged to the 24,857 level, below its opening level, and made its day’s high at 24,902.30. The index was trading in the range of 24,750 to 24,900 in the morning session.
It was trading below the 200 but above the 20/50/100-day EMAs in the 15-minute time frame. In the afternoon session, the Nifty Index consolidated above the 24,800 level and closed near its day’s high at 24,821.10 in green. During the afternoon session, it closed below all the EMAs of 20/200 but above the 50/100 EMAs in the 15-minute time frame. Nifty’s immediate resistance levels are R1 (24,892), R2 (25,123), and R3 (25,249), while immediate support levels are S1 (24,618), S2 (24,506), and S3 (24,380).
The Nifty index had reached a day’s high at 24,902.30, closed in green above the 24,850 level, and saw a day’s low at 24,771.95. Finally, it had closed below its opening level at 24,855.05, gaining +33.95 points or 0.14%. The Relative Strength Index (RSI) stood at 43.25 (below the overbought zone of 70) in the daily time frame, and the Nifty 50 closed above the 100/200 EMAs and remained below the 20/50 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 started the session on a positive note at 56,310.10 on Wednesday, up by +88.1 points from Tuesday’s closing of 56,222.00. In the morning session, the index started in a bullish trend but later the Index fell slightly downwards and made the day’s low at 56,064.55. In the morning session, the index closed at 56,226 was below its opening level. It was trading between the range of 56,150 to 56,300 levels. The Index was trading below the 100/200 EMAs but above the 20/50 in the 15-minute time frame in the morning session.
In the afternoon session, the Bank Nifty index lost its momentum and was dragged down, closing at 56,150.70 in the afternoon session. During the afternoon session, it closed below all four EMAs of 20/50/100/200 EMAs in a 15-minute time frame. Bank Nifty immediate resistance levels are R1 (56,318), R2 (56,574), and R3 (56,960), while immediate support levels are S1 (55,876), S2 (55,646), and S3 (55,383).
The Bank Nifty index had peaked at 56,321.15 and made a day’s low at 56,064.55. Finally, it had closed in red at 56,150.70, losing -71.3 points or 0.13%. The Relative Strength Index (RSI) stood at 44.14 (below the overbought zone of 70) in the daily time frame, and Bank Nifty was above the 50/100/200 EMAs but remained below the 20-day EMA 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 81,594.52 on Wednesday, up by +256.57 points from Tuesday’s closing of 81,337.95. The Index was more volatile in the morning session and made both days’ low at 81,187.06 and day’s high at 81,618.96, and was trading at 81,485 below its opening level. The index was trading in the range of 81,100 to 81,600 levels and was trading above the 20/50/100 but remained below the 200 EMAs in the 15-minute time frame in the morning session.
In the afternoon session, the Sensex Index consolidated in a range above the 81,400 level and closed at 81,481.86 in green. During the afternoon session, it traded above the 20/50/100 but remained below the 200 EMAs in the 15-minute time frame. BSE Sensex immediate resistance levels are R1 (81,618), R2 (82,306), and R3 (82,778), while immediate support levels are S1 (80,650), S2 (80,018), and S3 (79,354).
The BSE Sensex index had peaked at 81,618.96 and made a day’s low at 81,187.06. Finally, it had closed at 81,481.86, up by +143.91 points or 0.18%. The Relative Strength Index (RSI) stood at 43.19 (below the overbought zone of 70) in the daily time frame, and the BSE Sensex was above the 100/200 EMAs but remained below the 20/50 EMA in the daily time frame.
India VIX
The India VIX declined by -0.32 points, or 2.78%, from 11.52 to 11.20 during Wednesday’s session. Reduction in India VIX indicates calm and lower expected volatility.
Market Recap on 30th July 2025
The Nifty 50 had a positive start to the day, starting at 24,890, higher than its previous close of 24,821, although trading on a flat trend. It hit the day’s low of 24,772 and finished below the 20/50-day EMAs at 24,855. At the end of the day, the Nifty 50 had gained 33.95 points, or 0.14%. Using the same pattern, the BSE Sensex closed at 81,481.8, up 0.18%, or 143.91 points.
Despite a day’s low of 81,187, the index is now trading below the 20/50-day EMAs while remaining above the 100/200-day EMAs. The Nifty 50 RSI was still at 43.25 on Wednesday, and the Nifty ended above the 100/200 EMAs. Additionally, the BSE Sensex RSI finished at 43.19, far below the 70-point overbought line. Indicating reduced market volatility, the India VIX also fell on Wednesday, dropping -0.32 points, or -2.78%, to 11.20.
Additionally, the sectoral indicators displayed conflicting indications. The Nifty Infrastructure index was the top gainer, closing at 9,151 after rising 46.55 points, or 0.5%. Gains of up to 4.85% were recorded in major companies such as NTPC Ltd, Ambuja Cements Ltd, Cummins India Ltd, and Larsen & Toubro Ltd. The Nifty IT index, which ended the day up 108.45 points, or 0.31%, at 35,481, was also one of the top gainers. The top performers were Tech Mahindra Ltd., LTIMindtree Ltd., Mphasis Ltd., and Coforge Ltd., with increases of up to 2%.
However, the Nifty Realty Index closed at 917.65, down -8.85 points, or -0.96%. Heavyweights including Brigade Enterprises Ltd., DLF Ltd., Godrej Properties Ltd., and Oberoi Realty Ltd. fell more than 1%, which caused the index to drop. The Nifty Media Index was another significant loser, closing at 1,624.80, down -12.95 points, or -0.79%.
On Wednesday, Asian markets had a mixed trend. At 25,142.00, Hong Kong’s Hang Seng fell 382.45 points, or 1.52%. On the other hand, South Korea’s Kospi ended the day at 3,254.47, up 23.90 points, or 0.73%. The Nikkei 225 in Japan fell 45.55 points, or 0.11%, to close at 40,629.00. In contrast, Shanghai’s Composite Index ended the day at 3,615.72, up 0.17% or 6.01 points. On the US stock exchange, Dow Jones Futures were up 50.27 points, or 0.11%, at 44,682.26 at 4:39 p.m.
Trade Setup Summary
The Nifty 50 opened on a positive note at 24,890.40 on Wednesday, was more volatile in the morning session, sustained above the 24,850 level and closed at 24,855.05. A break below 24,618 could trigger further selling towards 24,506, while a break above 24,892 could trigger bullishness towards 25,123. Bank Nifty started the session on a positive note at 56,310.10 but later in the afternoon session, the index lost its momentum and ended in red at 56,150.70, breaking below the 56,200 level. A break below 55,876 could trigger further selling towards 55,646, while a break above 56,318 could trigger bullishness towards 56,574.
Sensex opened on a similar trend as Nifty 50, opening on a positive note at 81,594.52 on Wednesday and also ending in green at 81,481.86, breaking above the 81,400 level. A break below 80,650 could trigger further selling towards 80,018, while breaking the next resistance level of 81,618 could lead towards the 82,306 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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