📊 Nifty 50 Market Analysis – 2nd July 2025

 

🔍 Market Recap

The market opened on a strong note today, with Nifty 50 crossing 25,580 and hitting an intraday high of 25,608. It looked like the bulls were ready to take the index higher toward 25,750. However, things took a sharp turn when sellers entered the game.

A tug-of-war followed between buyers and sellers, but by mid-session, sellers clearly took control. The index dropped below 25,550, confirming a shift in momentum. Nifty then hovered around a stiff resistance zone at 25,491 for quite some time before breaking below it in the second half of the session.

Eventually, Nifty hit a fresh intraday low of 25,378, before recovering slightly to close at 25,442.

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📈 What to Expect Tomorrow (Expiry Day – 3rd July)

Given the volatility and options expiry tomorrow, expect range-bound yet sharp movements. Here's what to watch:

• Upside Scenario:
  If Nifty breaks above 25,500, and then 25,600, and sustains above those levels, we could see a continued rally toward 25,750 and possibly a fresh high.

• Downside Scenario:
  If the index drops below 25,380, the next support levels to watch are 25,320 and 25,130. A break below these could trigger more aggressive selling.