WEEKLY TRENDSETTER (JULY 18,2025)
| 2025 | JULY 4 | JULY 11 | Ch % |
| NIFTY | 25461 | 25149 | -1.23 |
| BANK NIFTY | 57032 | 56755 | -0.49 |
| USD/INR | 85.46 | 85.83 | 0.43 |
MARKET REVIEW-After 8 days of narrow movement the market finally took a decisive downturn after announcement of TCS results. While the IT pack saw selling pressure some sparks were visible in FMCG and pharma which absorbed some of the selling pressure to minimize the losses. The June corporate results will be critical in deciding the trend of the indices.
INTERESTING CUES
Tariff tension continues
After imposition of 35% US tariff on Canada, markets were nervous with the outcome on negotiations with India still awaited despite the deadline of July 9 having passed. The recently imposed taxes indicate a sharp rise with likes of Brazil facing 50%, China upto 50% and above while on an average tariff have been 30% and above.
F&O volumes dip post SEBI s action against Jane Street
The daily turnover in the F&O segment of NSE fell to Rs 1.15 lakh crore on Tuesday, down nearly 29 per cent from Rs1.61 lakh crore a day before the ban. This also marks a 7 per cent fall compared to previous week s expiry and a 45 per cent dip from the average of the previous 12 Tuesdays. On BSE, premium turnover fell by 5 per cent from last Tuesday, despite Sensex’s weekly expiry.
While some of this dip may reflect the impact of SEBI’s broader curbs on hyperactivity in the derivatives segment introduced last year, the immediate slump is being seen as a fallout from the Jane Street case – as both retail and algorithmic – treaded cautiously in the wake of the regulator’s action.
As a result of the above development capital market related stocks have started shedding gains on apprehension that the profit growth will be arrested.
NIFTY –The index broke the expected support levels of 25250-300 and now any upward move could see 25400 -450 as a fresh resistance while support should ideally emerge around 25000-25050 levels.
BANK NIFTY-The index is showing signs of weakness and levels of 57500 should act as resistance while support could come at around 56000.
STOCK PICKS
Indraprastha Medical (488) -The stock has been on a strong uptrend since mid-2023 and touched an all-time high of 572 before correcting to 306. However, it has managed to retrace its fall as lower levels have seen buying. Ideal levels for entry would be 470-75. The stock could see levels of 525 in the short to medium term.
Steel Strips & Wheels (248)-The stock has been on a strong uptrend and touched an all-time high of 280 before retracing back below 250.However the correction could see fresh buying emerging and buying could be considered for a possible target of 275-280 in the short to medium term.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam