Nifty 50 and Bank Nifty Outlook for July 3, 2025

India’s manufacturing PMI showed modest expansion in June, while services activity cooled slightly—reflecting uneven domestic demand. RBI’s recent hold on policy rates underscored a wait‑and‑watch stance amid sticky price pressures and slowing monsoon‑linked rural spending. Externally, choppy crude prices and dovish Fed commentary kept FII flows tentative. Against this backdrop, equity indices oscillated, balancing corporate resilience with macro uncertainties.

Nifty 50 Today: Performance, Price & Outlook

Today Nifty 50 Movement & Index Nifty 50 Update

On July 2, 2025, Nifty 50 opened with a gap up of around 50 points but faced a sharp decline soon after. The index consolidated mid-session before experiencing high volatility in the afternoon, marked by a steep fall followed by a U-shaped recovery. The day ended with Nifty closing at 25,453.40, down 88.40 points. Key support lies near 25,400, while resistance is around 25,600. Technical indicators suggest cautious trading with a possible bounce from support, but sustained weakness below 25,400 could lead to further declines. Volume spiked in major stocks, influencing the index’s movement.

Nifty 50 Support and Resistance Levels

Nifty 50 forecast for tomorrow

Given today’s volatility and the index’s position near key technical levels, the market is likely to consolidate within the 25,355–25,610 range tomorrow. Overbought oscillators and a low ADX suggest a pause in momentum, making sharp moves less likely unless triggered by news or a decisive breakout, and the last session volatility u shaped recovery. If Nifty sustains above 25,669, a test of 25,740 and possibly 26,000 could follow. Conversely, a drop below 25,437 may see the index drift toward 25,300 or even the strong support at 25,200.

Bank Nifty Analysis for July 3, 2025: Rangebound Consolidation Amid Bullish Structure

Today's Price Action and Closing Levels

Bank Nifty closed at 56,999.20 on July 2, 2025, declining 0.80% (-460.25 points) amid mixed global cues. The index traded between 56,833.80 (L) and 57,628.40 (H), reflecting consolidation near all-time highs. Despite the dip, it holds comfortably above its 20-day EMA (56,370) and maintains a higher high, higher low structure on daily charts. The day formed a high-wave candle for the second consecutive session, signalling trader indecision and potential accumulation near support zones 

Technical Indicators: Mixed Signals

• Bullish Momentum: RSI (66.31) and MACD remain in bullish territory, reinforcing the broader uptrend.

• Overbought Caution: Stochastic (92.68) and Williams %R (-7.32) signal overbought conditions, suggesting exhaustion risks.

• Weak Trend Strength: ADX (23.73) confirms a weak directional trend, while low ATR (570.34) implies subdued volatility and rangebound trading 

Future Outlook For Bank Nifty 

Bank Nifty's immediate bias is neutral-to-bullish, with consolidation likely between 57,150–57,630. A sustained close above 57,800 is needed to resume the uptrend toward 58,500. Traders should monitor global cues (especially Dow futures and GIFT Nifty) and FII activity for breakout triggers. Despite overbought oscillators, the broader structure remains intact, making buy-on-dips the preferred strategy

RA Disclaimer: The information provided here is for educational and informational purposes only and should not be construed as investment advice. You are solely responsible for conducting your research and due diligence before making financial decisions.