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On Wednesday, the Indian stock market closed on a marginally positive note. Benchmark indices managed to inch into the green after a day marked by choppy movements and selective sectoral strength. Despite early weakness, investor confidence in defensives and specific value-led sectors helped the indices stabilize and end the session with marginal gains.

Why it’s recommended: Uno Minda Ltd is on the verge of breaking out to fresh lifetime highs, backed by strong technical confirmation. The daily RSI is at 68, highlighting robust bullish strength that remains sustainable in the short term. On lower timeframes, the stock has broken out from the upper channel of a triangle pattern, which is a classic continuation setup suggesting that momentum traders are stepping in for further upside. If the stock holds above the breakout zone, it is well placed to test levels around ₹1,150 and higher.

Key metrics: Breakout zone: Breakout from the upper channel of a triangle pattern on lower timeframes.

Pattern: Triangle breakout indicating a push toward new highs.

RSI: Firmly bullish at 68 on daily charts.

Technical analysis: Strong price action and pattern confirmation indicate the stock can extend its rally toward ₹1,150– ₹1,155 if the market supports the breakout.

Risk factors: A close below ₹1,102 would invalidate this breakout and could lead to a quick pullback. Traders should keep a disciplined stop-loss and manage risk proactively.

Buy at: ₹1,119.50

Target price: ₹1,150– ₹1,155

Stop loss: ₹1,102.00

On Wednesday, July 16, 2025, the Indian stock market closed on a slightly positive note on Wednesday, July 16, 2025, as benchmark indices managed to inch into the green after a day marked by choppy movements and selective sectoral strength. Despite early weakness, investor confidence in defensives and specific value-led sectors helped the indices stabilize and end the session with marginal gains.

TheNifty 50 ended the day at 25,212.05, rising slightly by16.25 points or 0.06%, while theBSE Sensex added 63.57 points or 0.08% to settle at 82,634.48. The Bank Nifty also closed on a flattish but positive note, up 14.20 points or 0.02%, at 57,246.80, helped by late buying in key financial names.

Sectorally, the market remained mixed. The Metal sector declined by0.54%,Healthcare fell by0.34%, andPharma edged down by0.32%, reflecting some profit-taking in high-beta counters. However, other segments offered strong support. ThePSU Bank index led the recovery with a sharp1.81% gain, followed byRealty at0.50%, andFMCG at0.45%, helping balance the session’s tone.

On the stock-specific front,M&M was the standout performer with an impressive rally of4.76%, whileWipro andSBI gained2.76% and2.67%, respectively, boosted by continued institutional interest and sectoral momentum.

Meanwhile, select heavyweights saw profit-booking pressure.Shriram Finance slipped2.35%,Eternal declined1.54%, andSun Pharma fell1.53%, indicating caution in stocks that had recently run up.

Nifty Technical Analysis Daily & Hourly

The Nifty ended Tuesday’s session (16 July) on a flat note, closing at 25,212.05, up just 16.25 points or 0.06 percent. The index managed to hold above the psychological 25,200 mark but showed no strong follow-through buying, which highlights the ongoing indecision in the market. Technically, the index continues to hover between key moving averages — it is now trading above the 40-day EMA at 25,038 but still remains below the 20-day simple moving average at 25,309. This setup indicates that while immediate downside pressure has eased, the bounce still needs to clear the 20-DMA to neutralise the recent weakness and shift the short-term bias back to neutral.

On the hourly chart, the index is trading above its short-term 20-hour SMA at 25,152 but is yet to decisively clear the 40-hour EMA at 25,234. This means the 25,200 to 25,250 zone continues to act as an immediate supply area, and only a firm close above the 40-hour EMA and the 20-day moving average can trigger further short covering and push the index toward 25,350.

Momentum signals remain mixed and reflect this indecision. On the daily timeframe, the RSI is at 51, which is slightly positive but still neutral, while the hourly RSI has slipped to 49, showing mild hesitation in the intraday trend. The daily MACD stays positive at 86, indicating that the medium-term trend has not turned outright negative yet, but the hourly MACD remains negative at –12, which shows that short-term momentum is still lacking strength.

Options data paints a cautiously improving picture. The total call open interest stands at 17.64 crore while Put OI is at 14.14 crore, leaving a net difference of –3.50 crore, which keeps the overall tone slightly bearish. However, the intraday changes hint at stabilisation as Put OI rose by 1.56 crore while Call OI rose by 1.08 crore, resulting in a positive net change difference of about 47 lakh — a sign of fresh Put writing and some resistance emerging near 25,250. The maximum Call OI remains at the 25,500 strike, suggesting stiff resistance overhead, while the largest addition in Calls was seen at 25,250, reinforcing that this level is the immediate hurdle to watch. On the downside, the maximum Put OI and the highest Put additions are clustered around 25,200 to 25,150, underlining this zone as an important near-term support.

Meanwhile, India VIX fell further by 2.09 percent to 11.24, showing that volatility remains contained and the bounce has been orderly so far. The Put-Call Ratio has improved slightly to 0.80, still below 1, indicating a cautious stance but a mild improvement in sentiment compared to the previous session.

In summary, the Nifty’s short-term structure stays rangebound and somewhat vulnerable unless it sustains a decisive close above 25,250 to 25,300. A breakout above the 20-DMA at 25,309 and the 40-hour EMA at 25,234 could open the way for the index to move toward 25,350 or even 25,500. On the flip side, 25,200 and 25,000 remain the critical support levels, and a break below these could invite fresh selling pressure toward 24,800. Until a clear breakout unfolds, traders should watch for acceptance or rejection around the 25,250 to 25,300 zone and maintain strict stop-losses if trading against the trend.

Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.

Investments in securities are subject to market risks. Read all the related documents carefully before investing.

Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

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