Nifty 50, Sensex Today: Market May Open Lower on July 16; Key Levels to Watch, Expert Predictions for Nifty, Sensex, and Bank Nifty
Nifty 50 and Sensex likely to open lower today amid weak global cues. Gift Nifty signals 83-point dip. Check expert analysis, key support & resistance levels.
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The Indian stock market is expected to open on a cautious note on Wednesday, July 16, amid weakness in global cues. Early signals from Gift Nifty, which was trading at 25,183—about 83 points below the Nifty futures' previous close—suggest a negative start for benchmark indices Nifty 50 and Sensex.
🔔 Sensex and Nifty 50 Recap – July 15
On Tuesday, Indian indices managed a smart rebound after four consecutive sessions of decline:
- Sensex surged 317.45 points (0.39%) to close at 82,570.91
- Nifty 50 gained 113.50 points (0.45%) to settle at 25,195.80
📉 Nifty 50 Today: Technical Analysis & Key Levels
Despite signs of weakness globally, Nifty 50 showed resilience by forming a bullish candle on the daily chart, which indicates short-term strength and a possible bottom reversal.
🔹 Support and Resistance Levels
- Immediate Support: 25,000
- Immediate Resistance: 25,300 – 25,360
- Breakout Zone: Sustained move above 25,350 may open upside towards 25,600 – 25,800
"The positive momentum indicators and strong bounce from oversold zones suggest bulls may continue pushing the index upward. A move above 25,350 could trigger a broader rally," said Nagaraj Shetti, HDFC Securities.
According to Mandar Bhojane of Choice Equity Broking:
- Highest Call OI at 25,300/25,500 (indicates resistance)
- Highest Put OI at 25,000 (strong support)
"This options data setup hints at range-bound trading unless Nifty decisively breaks out above key resistance levels," he added.
📈 Sensex Today: What to Expect
Sensex has shown signs of a reversal formation on both intraday and daily charts, suggesting potential bullish continuation.
🔹 Key Support & Resistance Zones
- Support: 82,300
- Resistance: 82,900 (20-day SMA), followed by 83,300 – 83,500
- Breakdown Point: Below 82,300, the index may retest 82,000 – 81,500
"If Sensex sustains above 82,300, we may see a push towards the 83,500 level," said Shrikant Chouhan, Kotak Securities.
🏦 Bank Nifty Outlook: Technical Setup and Range
Bank Nifty closed at 57,006.65 on Tuesday, gaining 241.30 points (0.43%), forming a bull candle with higher highs and lows.
🔹 Crucial Levels to Watch
- Immediate Support: 56,700 – 56,800
- Resistance Levels: 57,200 – 57,300
- Breakout Target: If 57,300 is breached, expect a rally towards 57,700 – 58,200
"Bank Nifty has crossed its 20-day EMA, indicating renewed short-term momentum," said Sudeep Shah, SBI Securities.
Hrishikesh Yedve of Asit C. Mehta adds:
- Short-term hurdle: 57,360
- Trendline Support: 56,500
"Holding above 56,500 could keep the 'buy on dips' strategy valid," he noted.
Bajaj Broking Research suggests Bank Nifty is likely to consolidate between 56,500 – 57,600, with a breakout above 57,600 triggering a move toward 58,500.
🧠 Expert Strategy for July 16 Trading Session
VLA Ambala, Co-Founder at Stock Market Today, recommends:
- Sell on rise near 25,350+
- Buy on dips near 25,000 – 25,100
"Market sentiment remains bullish; active intraday strategies can help maximize gains today," she said.
✅ Key Takeaways for Traders – July 16, 2025
- Expect a cautious opening for Nifty 50 and Sensex.
- 25,000 – 25,100 is a buy zone for Nifty; resistance seen at 25,280 – 25,360
- Sensex support: 82,300 | Resistance: 82,900 – 83,500
- Bank Nifty support: 56,800 | Resistance: 57,300 – 58,200
- Options data suggests range-bound movement unless major resistance levels are breached.
