- The NIFTY FMCG index surged by 1174.65 points (+2.15%) over the past week, forming a strong bullish candlestick pattern on the weekly chart, indicating that buying interest has returned decisively, and bulls are gaining control.
- On the weekly timeframe, the RSI is gradually trending higher and currently stands at 51.38, suggesting a strengthening bullish momentum and potential for further upside if supported by volume.
- Key resistance levels to watch are at 57,300 and 57,800, while immediate support zones lie near 55,500 and 55,300
| Outperformers | Underperformers |
|---|---|
| BRITANNIA , GODREJCP | DABUR , JUBILANTFOOD |
NIFTY PHARMA
Date: 14-Jul-2025
- The NIFTY PHARMA Index started the week on a positive note but witnessed some weakness during the initial sessions. However, it showed signs of recovery on the final trading day of the week, Additionally, the index is relatively outperforming other major indices, indicating relative strength.
- On the momentum front, the RSI currently stands at 56.36, indicating positive underlying strength and hinting at the possibility of a continued upward move in the near term.
- key resistance levels to watch are 22,600 and 23,000, On the flip side, immediate support is placed at 21,800, 21500.
| Outperformers | Underperformers |
|---|---|
| GLENMARK, MANKIND | AUROBINDI, GRANULES INDIA |
NIFTY DEFENCE
Date: 14-Jul-2025
- The NIFTY DEFENCE Index opened the week on a muted note at 8,46.60 and continued to trade negatively throughout, closing at 8,512.30 with a weekly loss of 4.79%.
- Index has shown a range breakout on current level indicating downtrend for the near term. The RSI stands at 66.90 on the momentum front, signaling negative momentum and suggesting further downside potential.
- Important levels to watch include resistance at 8,800 and 9,000, while support is placed at 8,200 and 8,000.
| Outperformers | Underperformers |
|---|---|
| | PARAS DEFENCE, SOLAR IND |
NIFTY IT
Date: 14-Jul-2025
- The NIFTY IT Index opened the week on a muted note at 39,146.15 and continued to trade negatively throughout, closing at 37,558.10 with a weekly loss of 3.76%.
- The RSI stands at 42.62 on the momentum front, signaling negative momentum and suggesting further downside potential.
- Important levels to watch include resistance at 38,300 and 38,800, while support is placed at 37,000 and 36,700.
| Outperformers | Underperformers |
|---|---|
| | PERSISTENT, ORACLE FIN SERV |
Sector Performance
Pick of the week
| Scrip | Trade | Entry above | Target | Stop loss |
|---|---|---|---|---|
| CEIGALL | BUY | 286-288 | 304 | 277 |
Rationale
- CEIGALL is positioned at a pivotal level, having recently broken out of a falling trend line on the daily chart. This price behavior suggests that buyers have been steadily accumulating at lower levels over the past month, paving the way for potential bullish continuation
- The stock is trading above the 20-day EMA (short-term trend indicator) & 50-day EMA (mid-term trend indicator), confirming short-term strength and acting as a support zone.
- The RSI (Relative Strength Index) is currently at 70.75, indicating strong upward momentum. If the stock holds above its breakout level, the rally could continue
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Disclaimer: This research report has been published by M/s. Bonanza portfolio Ltd and is meant solely for use by the recipient and is not for circulation. This document is for information purposes only and information / opinions / views are not meant to serve as a professional investment guide for the readers. Reasonable care has been taken to ensure that information given at the time believed to be fair and correct and opinions based thereupon are reasonable, due to the nature of research it cannot be warranted or represented that it is accurate or complete and it should not be relied upon as such. If this report is inadvertently send or has reached to any individual, same may be ignored and brought to the attention of the sender. Preparation of this research report does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Past performance is not a guide for future performance. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by Bonanza portfolio Ltd to be reliable. This report should not be taken as the only base for any market transaction; however this data is representation of one of the support document among other market risk criterion. The market participant can have an idea of risk involved to use this information as the only source for any market related activity.
