Index heavyweight Reliance Industries to announce its quarterly numbers today- Daily Market Update 18th July 2025

Benchmark Nifty index ended slightly lower at 25111 spot levels falling 100 points from its previous closing values after a lackluster trading session.

Broader markets fell in line with the benchmark as Mid and Small cap indices also settled on a slightly negative note.

Performance on the sectoral front was mix. Nifty IT was the worst performer, down 1.39% followed by Bank index that was down by 0.59%. On the other hand, Realty index was the top gainer, rose 1.24% followed by Metal and Consumer Durables index that rose 0.67% & 0.5% respectively.

Nifty index is heading towards the support zone of lower band of upward sloping channel pattern i.e. 25000-24850 spot zone. On short term charts, it is moving in a thin range of just 250 points during the entire week with immediate resistances at 25250 spot levels and supports are at 25000 spot levels. Going ahead, an either side break from 25000-25250 spot levels will provide a short term opportunity in that direction.

Derivatives Overview & Outlook

Yesterday, Nifty, Banknifty and Midcpnifty futures added around 1.5% of open interest each as short buildup whereas some long unwinding was seen in Finnifty futures to the tune of 1.5%.

Performance on the sectoral front was mix. Amongst them, Banking, Capital Goods and Technology stocks witnessed maximum addition of short positions, whereas some short covering was seen in Chemical, Oil & Gas and Pharma stocks.

On options front, call writing along with some put addition was seen at multiple strikes. Nifty will start the new weekly contract with maximum positions at 25000 PE and 26000 CE closely followed by 25200 CE. Options data still showing negative sentiments.

Institutional Trading Activity

Yesterday, FIIs sold stocks worth Rs 3694 Cr in the cash segment, sold index futures worth Rs 1989 Cr also sold stocks futures worth Rs 1488 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2821 Cr.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25300-25400; Supports 25100-25000

Banknifty – Resistances 57200-57500; Supports 56600-56400

Finnifty – Resistances 27000- 27100; Supports 26700-26600

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