Technical Analysis 1st July 2025
Market Overview & Price Movement
Today's Market Recap: On 30th June, 2025, the Nifty 50 Index closed at 25,517.05, showing a narrow yet volatile session, confined between 25,473.3 (day low) and 25,689.3 (day high). The opening was at 25,661, with total volume reaching 270,960,128. Meanwhile, Bank Nifty traded within 57,193.8 to 57,614.5, opening at 57,529 and closing at 57,312.7, with 182,957,276 volume – reflecting mixed sentiment, especially near resistance zones.
Our previous analysis accurately predicted key support and resistance levels, reinforcing our data-driven approach. Today’s movement was range-bound, with traders awaiting fresh triggers from global markets. In our previous article publish on 27th June, we clearly outlined the false breakout above 25642, and both the first and second downside targets were accurately predicted, matching perfectly.
Key Observations of Market Closing
- Nifty closed near the day’s low, indicating bearish pressure.
- Bank Nifty underperformed, showing weakness in financial stocks.
- Volume activity was moderate (Nifty: 270.96M, Bank Nifty: 182.95M).
- No clear trend—market remained in a consolidation phase.
Global Cues: Crude Oil, Dollar/Rupee & Market Sentiment
- Crude Oil: Trading at $65.35/barrel, slightly bearish.
- Rupee: Stable near 85.7/$, but any sharp movement may impact equities.
- European Markets: Flat to bearish.
- Dow Futures: Flat to slightly bullish.
Global cues suggest a neutral to cautious stance for Indian markets.
Tomorrow’s Market Prediction (1st July 2025)
Nifty Key Levels:
- No-Trading Zone: 25,477 – 25,602
- If 15-minute candle closes above 25,602:
- 1st Target: 25,737
- 2nd Target: 25,834
- If 15-minute candle crosses 25,602 but closes below:
- Short-side 1st Target: 25,477 (today’s low)
- 2nd Target: 25,334
- If 15-minute candle closes below 25,477:
- 1st Target: 25,334
- 2nd Target: 25,115
- If 15-minute candle crosses 25,477 but closes above:
- Upside 1st Target: 25,550
- 2nd Target: 25,670
Bank Nifty Key Levels:
- Support: 57,000 – 56,800
- Resistance: 57,600 – 57,900
Trade Recommendations
- No Bullish Trade in Bearish Candle, No Bearish Trade in Bullish Candle
- Long Trade: Only if Nifty sustains above 25,602 (targets: 25,737 & 25,834).
- Short Trade: Only if Nifty breaks & closes below 25,477 (targets: 25,334 & 25,115).
- Bank Nifty Strategy: Wait for a clear breakout above 57,600 or breakdown below 57,000 before taking aggressive positions.
Final Verdict
The market is in a wait-and-watch phase, with global cues and domestic factors playing a crucial role. Traders should remain cautious and trade only on confirmed breakouts.
Disclaimer
The analysis provided is for educational purposes only. Trading in the stock market involves risks, and past performance is not indicative of future results. Option Matrix India does not guarantee any returns, and readers should consult a financial advisor before making investment decisions.