Nifty outlook today

 

Here’s the latest on the Nifty 50 outlook today:

## 📈 Market Summary & Technical Outlook

* **Mid‑session recovery**: After a four-day slide, Nifty has rebounded sharply, climbing back toward **25,200**—buoyed by cooler-than-expected inflation data and hopes for a U.S.–India trade deal ([Enrich Money][1], [Goodreturns][2]).

* **Key technical levels**:

  * **Support**: Near **24,900–25,000**, anchored by the 50‑day EMA and earlier harmonic reversal zones ([The Economic Times][3]).

  * **Resistance**: Between **25,300–25,400**, where a breach may signal further upside .

* **Sentiment indicators**:

  * RSI and EMA suggest oversold conditions from last week, prompting the sharp recovery ([5paisa][4]).

  * Moneycontrol reports broad-based buying; mid‑ and small‑caps also gaining \~1% ([Moneycontrol][5]).

* **Sector movement**:

  * **Pharma and auto stocks** drove gains today ([Moneycontrol][5]).

  * **IT remains under pressure**, continuing its underperformance YTD, with HCL Tech acting as a drag ([The Economic Times][6]).

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## 🧭 Market Outlook: What to Watch

* **Inflation data**: June CPI falling to a six-year low of \~2.1% has triggered optimism on rate cut expectations ([Reuters][7]).

* **Global cues**: U.S. tariffs and global volatility can influence Nifty’s momentum. A positive trade-deal announcement could further boost sentiment ([Enrich Money][1]).

* **Earnings impact**: Ongoing Q1 earnings from IT, banks, and financials may add volatility—positive surprises could extend advances, while caution remains.

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### ✅ Summary View

* **Short-term outlook**: **Bullish/focused recovery**. Support at 24,900–25,000, resistance at 25,300–25,400. A move above 25,300 could open the door to further upside.

* **Caution**: Stay alert to global news, rate-announcement risk, and sector-specific earnings updates.