Indian Stock Market Trends: Sensex, Nifty Analysis & Top Picks for January 28, 2026
Nifty 50 & Bank Nifty predictions for July 8, 2025! Uncover Sensex trends, support & resistance levels, top gainers, losers, and stocks to watch like Bajaj Finance & Dr Reddy’s. Get expert trading strategies to navigate the Indian stock market.
On Tuesday, July 8, 2025, investors are keenly observing the Sensex, Nifty 50, and Bank Nifty for potential trading opportunities. This comprehensive analysis delves into support and resistance levels, market predictions, top gainers and losers, and stocks to watch, leveraging the latest data to guide traders and investors in the Indian stock market.
Market Overview and Sentiment
The Indian equity markets displayed resilience in the previous session (July 7, 2025), with the Sensex closing at 83,432.89, up by 0.23%, and the Nifty 50 settling at 25,461, gaining 0.22%. The Bank Nifty index showed strength, hitting a high of 57,614.50 and closing at 57,032, reflecting a bullish sentiment in the banking sector. The market’s positive momentum was driven by gains in IT, pharma, oil & gas, and realty sectors, despite mixed global signals and volatility. However, caution persists due to upcoming macroeconomic data releases, such as CPI inflation, and developments in India-US trade talks.
For Tuesday, July 8, 2025, the market is expected to open flat to slightly positive, with GIFT Nifty futures indicating a modest uptick of 21.50 points at 25,678.00. Investors are advised to focus on intraday trading strategies, leveraging technical analysis to identify support and resistance levels for Nifty 50 and Bank Nifty.
Technical Analysis: Support and Resistance Levels
Technical indicators provide critical insights into potential market movements. Below are the support and resistance levels for Nifty 50 and Bank Nifty for July 8, 2025, based on recent data and expert analysis:
Nifty 50
- Support Levels: 25,297 – 25,376
- Resistance Levels: 25,536 – 25,616
- Trend: The Nifty 50 is in a positive trend, forming a higher highs and higher lows pattern, indicating strong buying interest on dips. A bullish hammer candlestick pattern was observed on July 7, suggesting a potential short-term reversal. The Relative Strength Index (RSI) at 60 supports this bullish outlook.
Bank Nifty
- Support Levels: 56,701 – 56,820
- Resistance Levels: 57,059 – 57,178
- Trend: Despite recent profit booking, Bank Nifty breached its near-term EMA trend line but found support, closing higher with a bullish hammer. This indicates potential for further upside if it sustains above 57,388.
Traders should monitor these levels closely for intraday trading opportunities. A breakout above resistance could signal bullish momentum, while a drop below support may indicate short-term bearish pressure.
Nifty 50 and Bank Nifty Predictions for July 8, 2025
The Nifty 50 is expected to trade within a tight range of 25,400–25,600, with a positive bias. If the index sustains above 25,490, it could target 25,522–25,555. Conversely, a break below 25,390 may lead to a decline toward 25,337 or 25,253 with high volume. The index's ability to respect key levels suggests continued buying interest, supported by positive global cues from U.S. markets hitting record highs.
- Bullish: Enter long positions above 25,490 for targets of 25,522–25,555.
- Bearish: Initiate short positions below 25,390, targeting 25,337 or 25,253.
- Sideways Zone: 25,392–25,490; avoid trading in this range unless a breakout occurs.
The Bank Nifty is likely to maintain its bullish momentum, supported by strong performances from private banks like ICICI Bank and Axis Bank. If the index holds above 57,388, it could target 57,540–57,854. However, a close below 56,524 may trigger a short-term correction toward 56,209.
Trading Strategy:
- Bullish: Go long if Bank Nifty sustains above 57,059, targeting 57,178 or higher.
- Bearish: Short positions can be considered below 56,820, with targets at 56,701.
- Key Levels to Watch: Monitor 57,388 for a potential breakout.
Top 10 Gainers and Losers (July 7, 2025)
The following table lists the top 10 gainers and losers from the Nifty 50 and Bank Nifty constituents based on the previous session's performance:
| Top 10 Gainers | % Change | Top 10 Losers | % Change |
| Bajaj Finance | +1.50% | Trent | -1.20% |
| Infosys | +1.30% | Tata Steel | -1.10% |
| Dr Reddy's Labs | +1.25% | Eicher Motors | -0.95% |
| ICICI Bank | +1.19% | Tech Mahindra | -0.90% |
| HUL | +1.10% | IndusInd Bank | -0.71% |
| Kotak Mahindra Bank | +0.80% | Bank of Baroda | -0.64% |
| Axis Bank | +0.56% | Federal Bank | -0.77% |
| AU Small Finance | +0.94% | Sun Pharma | -0.60% |
| NTPC | +0.82% | ONGC | -0.55% |
| Asian Paints | +0.63% | Ultratech Cement | -0.50% |
Top Stocks to Watch on July 8, 2025
Based on recent performance, technical indicators, and market developments, the following stocks are recommended for close monitoring:
1. ICICI Bank
- Sector: Banking
- Current Price: ₹1,320.45 (as of July 7, 2025)
- Performance: Gained 1.19% in the last session, contributing significantly to Bank Nifty's upmove. The stock is trading above its 50-day and 200-day moving averages, indicating strong bullish momentum.
- Outlook: With Bank Nifty showing strength, ICICI Bank could target ₹1,350 if it sustains above ₹1,330. Support lies at ₹1,300. Positive Q1 updates and strong institutional buying make it a top pick for intraday and positional traders.
- Trading Strategy: Buy on dips near ₹1,310 with a stop-loss at ₹1,300 and a target of ₹1,340–1,350.
2. Infosys
- Sector: IT
- Current Price: ₹1,980.25 (as of July 7, 2025)
- Performance: Up 1.30% in the last session, driven by optimism in the IT sector ahead of Q1 results (TCS results due on July 10). The stock is approaching its 52-week high of ₹2,403.45.
- Outlook: Infosys is likely to benefit from positive global sentiment, especially with U.S. markets hitting record highs. Resistance is at ₹2,000, with support at ₹1,950.
- Trading Strategy: Buy above ₹1,990 for a target of ₹2,010–2,020, with a stop-loss at ₹1,970.
3. Bajaj Finance
- Sector: NBFC
- Current Price: ₹7,150.60 (as of July 7, 2025)
- Performance: Top gainer with a 1.50% increase, reflecting strong demand in the NBFC sector. The stock is trading above its 30-day moving average, signaling bullish sentiment.
- Outlook: With a 17% rally since its market debut, Bajaj Finance is a momentum stock to watch. Resistance is at ₹7,200, with support at ₹7,100.
- Trading Strategy: Enter long positions above ₹7,160, targeting ₹7,200–7,250, with a stop-loss at ₹7,100.
4. Tata Steel
- Sector: Metal
- Current Price: ₹165.80 (as of July 7, 2025)
- Performance: Declined 1.10% in the last session, underperforming due to profit booking in the metal sector. The stock is trading near its 52-week low of ₹161.80.
- Outlook: Tata Steel may face continued pressure unless it breaks above ₹170. Support is at ₹160, making it a stock to watch for reversal signals.
- Trading Strategy: Avoid fresh positions unless the stock breaks above ₹170. For risk-takers, buy on dips near ₹162 with a tight stop-loss at ₹160.
5. Dr Reddy’s Laboratories
- Sector: Pharma
- Current Price: ₹6,450.30 (as of July 7, 2025)
- Performance: Gained 1.25% in the last session, supported by positive sentiment in the healthcare sector, which rose 2%. The stock is trading above its 200-day moving average.
- Outlook: Pharma stocks are gaining traction due to favorable analyst ratings and sector recovery signals. Resistance is at ₹6,500, with support at ₹6,400.
- Trading Strategy: Buy above ₹6,460 for a target of ₹6,500–6,520, with a stop-loss at ₹6,400.
Sectoral Outlook
- Banking: The Bank Nifty index’s record high of 57,614.50 reflects strength in private banks like ICICI Bank, Axis Bank, and Kotak Mahindra Bank. NBFCs like Bajaj Finance are also in focus.
- IT: With TCS results due on July 10, IT stocks like Infosys and TCS are expected to see increased volatility and trading interest.
- Pharma: The healthcare sector’s 2% gain indicates a recovery, with stocks like Dr Reddy’s and Sun Pharma (despite a marginal decline) being key players.
- Oil & Gas: Stocks like Petronet LNG and Indian Oil Corporation are gaining traction due to stable global crude prices and strong domestic demand.
- Realty: Positive movement in realty stocks, up 0.4–1%, makes companies like Godrej Properties worth watching.
Key Factors Influencing the Market
- Global Cues: U.S. markets hitting record highs provide a positive backdrop, but mixed signals from Asian markets may induce caution.
- Macroeconomic Data: Investors are awaiting CPI inflation data to gauge demand trends and the RBI’s next steps.
- India-US Trade Talks: Developments in trade negotiations could impact market sentiment, particularly for export-oriented sectors like IT and pharma.
- FII and DII Activity: Both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were net buyers last week, supporting market stability.
- Monsoon Progress: The monsoon’s advancement will influence agriculture and rural demand, impacting FMCG and auto stocks.
Trading Tips for July 8, 2025
- Intraday Trading: Focus on stocks with high volume and clear breakout signals. Use support and resistance levels to set entry and exit points.
- Positional Trading: Hold long positions in Nifty 50 and Bank Nifty if they sustain above key resistance levels (25,536 for Nifty, 57,388 for Bank Nifty).
- Risk Management: Set strict stop-losses to mitigate volatility risks, especially with global uncertainties and upcoming economic data.
- Sector Focus: Prioritize banking, IT, and pharma for long positions, while avoiding metals due to recent underperformance.
Final Thought
The Indian stock market on July 8, 2025, presents a mix of opportunities and challenges. The Nifty 50 and Bank Nifty are poised for potential upside if they sustain above key resistance levels, supported by strong performances in banking, IT, and pharma sectors. Traders should leverage technical analysis, monitor support and resistance levels, and keep an eye on macroeconomic developments. Stocks like ICICI Bank, Infosys, and Bajaj Finance are top picks for the day, while Tata Steel requires caution. By staying informed and disciplined, investors can navigate the market effectively.
Disclaimer: Investments in the securities market are subject to market risks. Always read related documents carefully before investing. This analysis is for informational purposes only and does not constitute financial advice.
