Indian equity markets opened lower on Monday amid global trade uncertainty and disappointing Q1 results dragging investor sentiment.
At 14:42 pm, the BSE Sensex slipped 513Â points to 80,949, while the Nifty 50 dropped 140 points to 24,696.Â
Market Outlook: Analysts Break Down Nifty and Bank Nifty
1) Tina Gadodia, President – Quantsapp
Nifty View: Bearish Bias
“Nifty broke its crucial support and has turned structurally weak. The index may expire near 24,650 this week.”
Suggested Strategy:
Bear Put Spread on Nifty for July 31 expiry
Buy: 24,800 put option
Sell: 24,650 put option
Entry Cost: Rs 53
Target: Rs 125
Stop Loss: Rs 20
Bank Nifty View: Sideways, No Trade
“Bank Nifty is not bullish and remains in a no-trade zone. Expect sideways movement in the 56,000–56,500 range.”
2) Akshay Bhagwat, SVP – Derivatives Research
Nifty View: Avoid for Now
“Nifty broke below the psychological 25,000 mark, and FII selling crossed Rs 2,000 crore. Options data shows heavy pressure on the 25,000 call, while 24,800 put still holds support.”
“If Nifty fails to hold 24,800, it could fall further to 24,600 or even 24,500. The current setup lacks clarity — I advise avoiding Nifty trades for now.”
Bank Nifty View: Buy on Dips
“Bank Nifty offers better clarity than Nifty. A buying opportunity may emerge near the 56,000–56,200 support zone.”
Trade Setup:
Entry: Near 56,000–56,200
Stop Loss: 55,800
Upside Potential: 57,000–57,200
