Stock Market Technical Analysis | 28th Jul to 3rd Aug 2025 Weekly Wrap

Stay updated with the latest Nifty and equity market trends! Our weekly wrap for 28th July – 3rd August 2025 highlights bearish to cautious sentiment, key stock market insights, and technical stock analysis you shouldn’t miss.

Expert recommendation by:

• Mr. Arpan Shah - Head of Technical Research
• Mr. Ketan Kaushik - Derivative Analyst

Equity

• Benchmark Index traded with negative bias in the previous week before closing with 1.09% cut at 24565 level. Banking Index underperformed the benchmark index as it closed with 1.61% gain at 55618 level.
• Among the Nifty constituents, JIOFIN and HINDUNILVR outperformed the benchmark index as they closed with 5.86% and 5.73% gains while ADANIENT and WIPRO underperformed as they closed with 7.81% and 6.35% cut respectively. Among the Bank Nifty constituents AUBANK outperformed the benchmark index as it closed with 1.04% gain while KOTAKBANK underperformed as it closed with 6.22% cut.
• Among sectors, NIFTYFMCG index outperformed the benchmark index during the previous week as it closed with 2.96% gain while NIFTYREALTY index underperformed as it closed with 5.73% cut. Broader market underperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 2.37% and 3.42% cut respectively.
• Volatility index (India VIX) closed with 6.65% gain at 12.03 level.
• FII were net sellers as they sold stocks worth Rs 20,524 Cr while DII were net buyers as they bought stocks worth Rs 24,300 Cr during the previous week in the cash segment.
• Globally, equity markets traded negative as both US market (DJIA) and European markets (STOXX 600) closed with 2.92% and 2.57% cut respectively.

Derivatives

• Derivatives data for Nifty suggest max OI addition at 24800 call and 24200 put with max OI at 25000 call and 24200 put side (07th Aug expiry). Nifty cumulative PCR closed at 0.75 for Aug 01.
• Derivatives data for Bank-nifty suggest max OI addition at 56000 call and 54000 put with max OI at 57000 for both call and put side (28st Aug expiry). Bank-nifty cumulative PCR closed at 0.88 for Aug 01.

Performance:

Indices

Source: NSE

Sector Gainers/Losers

Source: NSE

FII / DII ACTIVITY (WEEKLY)

Source: NSE

SUPPORT/RESISTANCE LEVEL FOR UPCOMING WEEK

Source: NSE

DAILY EXPONENTIAL MOVING AVERAGE

Source: NSE

TECHNICAL OUTLOOK

NIFTY (WEEKLY)

• Benchmark index traded with negative bias in the previous week and closed with negative candlestick formation on the weekly chart
• Benchmark index is likely to trade volatile in the coming week; However, FII index positioning is extremely oversold and breakout above 24850 will trigger short covering rally
• Benchmark Index has support at 24,200
  • 24,000 level and resistance at 24,850
  • 25,200 level

BANKNIFTY (WEEKLY)

• Banking index underperformed the benchmark index and closed with negative candlestick formation on the weekly chart
• Banking index is likely to trade in line with the benchmark index
• Banking index has support at 54,700-54,200 and resistance at 56,300 -57,000 level

FINNIFTY (WEEKLY)

• FINNIFTY index performed better than the banking index and closed with negative candlestick formation on the weekly chart
• FINNIFTY is likely to trade in line with the banking index in the coming week
• FINNIFTY has support at 26,100-25,800 level and resistance at 26,800-27,100 level.

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