After a volatile week driven by Middle East tensions, technical analysts expect Nifty to trade in a sideways-to-bullish range in the near term, with Bank Nifty seen moving between 56,400 and 58,000.
Key Levels
- Nifty settled at 23,962.80, up 80.75 points (0.34%) on July 9
- Intraday high touched 24,134.70 before profit booking trimmed gains
- Support zone: 23,950; Resistance: 24,130–24,200
- Sensex prediction: sideways range between 76,000 and 78,000
- Bank Nifty support at 56,400–56,500; resistance at 57,800–58,000
FII/DII Activity
DIIs bought a net ₹1,285.25 crore on July 9 while FIIs were net sellers of ₹334.72 crore, indicating domestic institutions continue to cushion market volatility triggered by global geopolitical risk.
Sector Watch
Healthcare, Financial Services, Private Banks, Capital Goods and Realty outperformed, while IT and Auto remained under mild selling pressure.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Trading in equities carries risk; please consult a SEBI-registered advisor.
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