Weekly Market Outlook: Indexes Show Support at Lower Levels, but Trend Awaits Confirmation

Written by Jainam Resources

Last Updated on: July 14, 2025

After a volatile week, key Indian indices — Nifty, Bank Nifty, and Sensex — closed lower on a weekly basis. Despite the losses, technical charts show buying interest at lower levels, signalling that traders are actively stepping in on dips. However, the broader trend remains undecided as all three indices are still trading within a range, awaiting a clear breakout.

Here’s a breakdown of the weekly market performance and what to watch out for in the coming sessions:

Nifty Outlook: Sideways Trend with Positive Bias Above 25,500

Nifty began the week at 25,661.65 and touched a high of 25,669.35 level. It slipped to a weekly low of 25,331.65 level before settling at 25,461.00 level, registering a net loss of 176.80 points.

The weekly chart shows a bearish candle with a long lower shadow, which typically reflects buying interest at lower levels. This indicates that while there was pressure from sellers during the week, buyers showed up to absorb the dip and drive a partial recovery.

Key technical levels to watch:

• If Nifty crosses and sustains above 25,500 level, the index could move toward 25,800–26,000 level.
  
• On the downside, a break below 25,300 level may trigger further selling, dragging the index toward 25,000–24,800 level.
  

The index is currently expected to trade between 25,200 and 25,800 level in the near term. A breakout on either side will likely define the next directional trend.

Bank Nifty Outlook: Range-Bound with Buying Support on Dips

Bank Nifty opened the week at 57,529.95 and made a high to 57,628.40 level before and a low of 56,623.60 level. It eventually closed at 57,031.90 level, recording a weekly loss of 412 points.

On the charts, Bank Nifty too formed a bearish candle with a lower shadow, similar to Nifty, again indicating buying pressure at the lower end of the trading range. However, the index continues to face resistance at higher levels.

Trading setup for the week ahead:

• A sustained move above 57,200 level could invite fresh buying, pushing the index to 57,800–58,200 level.
  
• Conversely, a break below 56,600 level might result in downside pressure toward 56,200–55,800 level.
  

The expected trading range for Bank Nifty lies between 56,500 and 58,000 level.

Sensex Outlook: Support Seen, but Resistance Remains Firm

Sensex began the week at 84,027.33 level and made a high of 84,099.53 level. It declined to a low of 83,015.83 level and eventually closed at 83,432.89 level, down by 626.01 points for the week.

Like the other indices, Sensex also printed a bearish candle with a long lower shadow, confirming buyer interest on dips. However, the index struggled to break past the upper resistance zone.

Levels to monitor:

• If Sensex sustains above 83,500 level, it may attempt a move towards 83,800–84,100 level.
  
• If it fails to hold 83,000 level, the next support levels are seen near 82,500–82,000 level.
  

In the coming week, Sensex is expected to stay within a range of 82,800 to 84,500, level unless a breakout decides otherwise.

Conclusion: Market at Crossroads, Awaiting Breakout Confirmation

Although all major indices ended the week in the red, the technical structure hints at potential accumulation at lower levels. Traders should watch for a breakout from the current trading ranges, which will likely dictate the short-term trend.

With resistance levels capping the upside and buyers showing up near supports, the market remains range-bound. A confirmed move above or below key support/resistance levels should provide clarity on direction, and until then, a cautious approach is advisable.

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