Nifty 50 vs Sensex:
The Indian stock market is likely to see a negative start on July 9, 2025, following mixed signals from global markets. The Gift Nifty was trading at around 25,577, which is approximately 35 points below the Nifty futures’ previous close.
On July 8, the domestic equity markets ended on a positive note, with Nifty 50 closing above the 25,500 level. The Sensex rose by 270.01 points, or 0.32%, ending at 83,712.51, while the Nifty 50 gained 61.20 points, or 0.24%, closing at 25,522.50.
Sensex Outlook for Today
The Sensex has shown a reversal pattern on both daily and intraday charts, signaling a possible continuation of its uptrend. Key levels to watch are 83,500 for support. If the Sensex manages to stay above this level, it may reach 84,000 to 84,200 in the near term. However, if it falls below 83,300, it could test lower levels around 83,000, and further weakness might take it down to 82,700 or 82,600.
Nifty 50 Prediction for July 9, 2025
Nifty 50 formed a small positive candle on the daily chart, indicating a possible breakout from its current range. The index took support from the 10-day EMA and key support levels near 25,300-25,400. The trend remains positive, and Nifty 50 may reach resistance levels of 25,700 in the short term. A further rise could push Nifty 50 toward 26,000-26,200 levels. Immediate support is placed at 25,425.
Bank Nifty Outlook
The Bank Nifty index saw a 307.10-point gain, or 0.54%, closing at 57,256.30 on July 8. The bullish candlestick pattern suggests further consolidation with a positive bias. A move above 57,600 could lead to further gains toward 58,200 to 58,500. Support levels for Bank Nifty are at 56,000-55,500, where key technical indicators are in confluence.
Today’s market outlook suggests mixed trends. While the Nifty and Sensex have shown strength, key levels will determine whether this momentum continues or reverses. Traders should monitor the 25,400-25,600 range for Nifty and 83,500 for Sensex closely.
Disclaimer: The views expressed here are based on the analysis of individual experts and not those of Big Tv. Always consult a certified expert before making any investment decisions.
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