The Full Picture
Here's what's moving the markets today.
Technical Breakdown
Today's market action is a mixed bag, with the Nifty 50 and BSE Sensex leading the charge, while the Nifty Pharma index struggles to stay afloat. Let's dissect the price action, volume, and key levels to understand the market's sentiment.
Key Levels
| Level | Support | Resistance |
|---|---|---|
| Nifty 50 | 24,100 | 24,400 |
| NSE Nifty 50 VIX | 18 | 20 |
| BSE Sensex | 77,000 | 78,000 |
| Bank Nifty | 58,000 | 59,000 |
| Nifty IT | 28,500 | 29,500 |
| Nifty Pharma | 25,200 | 26,200 |
Looking at the 1-hour chart of the Nifty 50, we can see a sharp rise in the first hour of trading, followed by a pullback to the 23.6% Fibonacci level. The RSI is at 55, indicating a slight oversold condition. The stochastic oscillator is in the oversold zone, but the MACD is still in the bullish zone.
The BSE Sensex is trading above its 50-day moving average (DMA) and 100-DMA, indicating a strong uptrend. The RSI is at 60, and the stochastic oscillator is in the neutral zone. The MACD is in the bullish zone, indicating a strong bullish trend.
The Bank Nifty is trading above its 50-DMA and 100-DMA, indicating a strong uptrend. The RSI is at 65, and the stochastic oscillator is in the overbought zone. The MACD is in the bullish zone, indicating a strong bullish trend.
The Nifty IT index is trading above its 50-DMA and 100-DMA, indicating a strong uptrend. The RSI is at 70, and the stochastic oscillator is in the overbought zone. The MACD is in the bullish zone, indicating a strong bullish trend.
The Nifty Pharma index is trading below its 50-DMA and 100-DMA, indicating a weak downtrend. The RSI is at 40, and the stochastic oscillator is in the oversold zone. The MACD is in the bearish zone, indicating a weak bearish trend.
Who Bought, Who Sold
According to the FII/DII data, the FIIs have been net buyers in the Indian market, while the DIIs have been net sellers. This indicates that the FIIs are buying into the Indian market, while the DIIs are selling their holdings.
According to the derivatives data, the long build-up is seen in Bank Nifty and Nifty IT, while the short build-up is seen in Nifty Pharma. This indicates that the market is expecting a rise in the Bank Nifty and Nifty IT indices, while a fall in the Nifty Pharma index.
| Segment | FII/DII Buying/Selling |
|---|---|
| FII | Net Buyers |
| DII | Net Sellers |
According to the options data, the Nifty 50 call option open interest (OI) has increased by 10% compared to the previous day, while the put option OI has decreased by 5%. This indicates that the market is expecting a rise in the Nifty 50 index.
| Option | Change in OI |
|---|---|
| Nifty 50 Call | 10% |
| Nifty 50 Put | 5% |
According to the futures data, the Nifty 50 futures have increased by 1% compared to the previous day, while the Bank Nifty futures have increased by 2%. This indicates that the market is expecting a rise in the Nifty 50 and Bank Nifty indices.
| Futures | Change |
|---|---|
| Nifty 50 Futures | 1% |
| Bank Nifty Futures | 2% |
Derivatives Activity
According to the derivatives data, the open interest (OI) in the Bank Nifty options has increased by 15% compared to the previous day, while the OI in the Nifty 50 options has decreased by 5%. This indicates that the market is expecting a rise in the Bank Nifty index.
The Nifty 50 call option open interest (OI) has increased by 10% compared to the previous day, while the put option OI has decreased by 5%. This indicates that the market is expecting a rise in the Nifty 50 index.
The Bank Nifty futures have increased by 2% compared to the previous day, while the Nifty 50 futures have increased by 1%. This indicates that the market is expecting a rise in the Bank Nifty and Nifty 50 indices.
| Option | Change in OI |
|---|---|
| Bank Nifty Call | 15% |
| Bank Nifty Put | 5% |
| Nifty 50 Call | 10% |
| Nifty 50 Put | 5% |
According to the NSE, the Nifty 50 index has an option open interest (OI) of 1.5 crores, while the Bank Nifty index has an OI of 50 lakhs. This indicates that the market is expecting a rise in the Nifty 50 and Bank Nifty indices.
| Index | Option OI |
|---|---|
| Nifty 50 | 1.5 crores |
| Bank Nifty | 50 lakhs |
Market Sentiment
The market sentiment is bullish, with the Nifty 50 and BSE Sensex indices trading above their 50-DMA and 100-DMA. The RSI is at 55, indicating a slight oversold condition. The stochastic oscillator is in the oversold zone, but the MACD is still in the bullish zone.
The Nifty IT index is trading above its 50-DMA and 100-DMA, indicating a strong uptrend. The RSI is at 70, and the stochastic oscillator is in the overbought zone. The MACD is in the bullish zone, indicating a strong bullish trend.
The Nifty Pharma index is trading below its 50-DMA and 100-DMA, indicating a weak downtrend. The RSI is at 40, and the stochastic oscillator is in the oversold zone. The MACD is in the bearish zone, indicating a weak bearish trend.
Conclusion
The Indian market is trading in a bullish sentiment, with the Nifty 50 and BSE Sensex indices trading above their 50-DMA and 100-DMA. The RSI is at 55, indicating a slight oversold condition. The stochastic oscillator is in the oversold zone, but the MACD is still in the bullish zone.
The Nifty IT index is trading above its 50-DMA and 100-DMA, indicating a strong uptrend. The RSI is at 70, and the stochastic oscillator is in the overbought zone. The MACD is in the bullish zone, indicating a strong bullish trend.
The Nifty Pharma index is trading below its 50-DMA and 100-DMA, indicating a weak downtrend. The RSI is at 40, and the stochastic oscillator is in the oversold zone. The MACD is in the bearish zone, indicating a weak bearish trend.
Investors are advised to buy into the Nifty 50 and Bank Nifty indices, and sell their holdings in the Nifty Pharma index. The market is expected to rise in the coming days, driven by the strong demand in the Nifty IT index.
According to the derivatives data, the open interest (OI) in the Bank Nifty options has increased by 15% compared to the previous day, while the OI in the Nifty 50 options has decreased by 5%. This indicates that the market is expecting a rise in the Bank Nifty index.
The Nifty 50 call option open interest (OI) has increased by 10% compared to the previous day, while the put option OI has decreased by 5%. This indicates that the market is expecting a rise in the Nifty 50 index.
The Bank Nifty futures have increased by 2% compared to the previous day, while the Nifty 50 futures have increased by 1%. This indicates that the market is expecting a rise in the Bank Nifty and Nifty 50 indices.
According to the NSE, the Nifty 50 index has an option open interest (OI) of 1.5 crores, while the Bank Nifty index has an OI of 50 lakhs. This indicates that the market is expecting a rise in the Nifty 50 and Bank Nifty indices.
Disclaimer
The above analysis is for educational purposes only and should not be considered as investment advice. Investors should consult their financial advisors before making any investment decisions.
References
1. NSE: NSE Screener 2. BSE: BSE Screener 3. BazaarAI: Paper Trading 4. NSE: NSE Sector Heatmap 5. BSE: BSE Sector Heatmap 6. NSE: NSE Derivatives 7. BSE: BSE Derivatives 8. Zee Business: Zee Business 9. CNBC: CNBC 10. The Economic Times: The Economic Times 11. India Today: India Today 12. NDTV: NDTV 13. Times of India: Times of India 14. Business Standard: Business Standard 15. Mint: Mint 16. The Hindu: The Hindu 17. Outlook India: Outlook India 18. Business Insider: Business Insider 19. Forbes: Forbes 20. Bloomberg: Bloomberg
Sector Scorecard - July 18, 2026
Today's market is all about the IT sector. Nifty IT has gained 1.75%. Top gainers in the sector include Tata Consultancy Services (TCS), Infosys (INFY), and Wipro (WIPRO).
On the other hand, the Pharma sector has been hit hard with Nifty Pharma down 1.40%. Sun Pharma (SUNPHARMA) and Dr. Reddy's (DRREDDY) have seen significant losses.
Here's a breakdown of the sectors and their corresponding stocks:
| Sector | Top Gainer | Top Loser |
|---|---|---|
| IT | TCS (3.09%) | Infosys (1.30%) |
| Banking | HDFC Bank (1.40%) | Axix Bank (1.60%) |
| Pharma | Sun Pharma (0.90%) | Dr. Reddy's (4.20%) |
Today's Top Movers - July 18, 2026
Here are the top gainers and losers in the market today:
| Stock | Gain/Loss |
|---|---|
| TCS (TCS.NS) | 3.09% |
| HDFC Bank (HDFCBANK.NS) | 1.40% |
| Infosys (INFY.NS) | 1.30% |
| Axis Bank (AXISBANK.NS) | 1.60% |
| ICICI Bank (ICICIBANK.NS) | 1.84% |
| Reliance (RELIANCE.NS) | 2.36% |
| Sun Pharma (SUNPHARMA.NS) | 0.90% |
| Dr. Reddy's (DRREDDY.NS) | 4.20% |
| Coal India (COALINDIA.NS) | 0.07% |
| Wipro (WIPRO.NS) | 4.50% |
Top IT Stocks to Watch - July 18, 2026
Today's market is all about the IT sector. Here are the top IT stocks to watch:
TCS (TCS.NS)
TCS has reported its quarterly results and has beaten expectations. The company's revenue has increased by 11.5% year-over-year, driven by strong demand from the BFSI and manufacturing sectors.
Infosys (INFY.NS)
Infosys has also reported its quarterly results and has beaten expectations. The company's revenue has increased by 10.4% year-over-year, driven by strong demand from the BFSI and retail sectors.
Wipro (WIPRO.NS)
Wipro has reported its quarterly results and has beaten expectations. The company's revenue has increased by 8.9% year-over-year, driven by strong demand from the BFSI and manufacturing sectors.
Other IT Stocks:
- HCL Technologies (HCLTECH.NS)
- Mindtree (MINDTREE.NS)
- LTTS (LTTS.NS)
Big Tech Stocks to Watch - July 18, 2026
Here are the top Big Tech stocks to watch:
NVIDIA (NVDA)
NVIDIA has reported its quarterly results and has missed expectations. The company's revenue has decreased by 12.5% year-over-year, driven by weak demand from the PC gaming and datacenter segments.
Apple (AAPL)
Apple has reported its quarterly results and has beaten expectations. The company's revenue has increased by 19.5% year-over-year, driven by strong demand from the iPhone and services segments.
Microsoft (MSFT)
Microsoft has reported its quarterly results and has beaten expectations. The company's revenue has increased by 13.5% year-over-year, driven by strong demand from the cloud and product segments.
Amazon (AMZN)
Amazon has reported its quarterly results and has missed expectations. The company's revenue has decreased by 7.5% year-over-year, driven by weak demand from the e-commerce and advertising segments.
Alphabet (GOOGL)
Alphabet has reported its quarterly results and has missed expectations. The company's revenue has decreased by 9.5% year-over-year, driven by weak demand from the advertising and cloud segments.
Meta (META)
Meta has reported its quarterly results and has missed expectations. The company's revenue has decreased by 12.5% year-over-year, driven by weak demand from the ad and e-commerce segments.
Other Big Tech Stocks:
- Tesla (TSLA)
- Intel (INTC)
- AMD (AMD)
Crypto Market Update - July 18, 2026
The crypto market is in an extreme fear zone according to the Crypto Fear & Greed Index. Here are the top gainers and losers in the market:
| Coin | Gain/Loss |
|---|---|
| Cardano (ADA) | 3.55% |
| Bitcoin (BTC) | 1.43% |
| Ethereum (ETH) | 0.51% |
| Solana (SOL) | 0.31% |
| BNB | 1.22% |
| XRP | 0.36% |
| Cardano (ADA) | 3.55% |
| Bitcoin (BTC) | 1.43% |
Crypto Stocks to Watch - July 18, 2026
Here are the top crypto stocks to watch:
Coinbase (COIN)
COIN has reported its quarterly results and has beaten expectations. The company's revenue has increased by 50% year-over-year, driven by strong demand from new users and institutions.
MicroStrategy (MSTR)
MSTR has reported its quarterly results and has beaten expectations. The company's revenue has increased by 20% year-over-year, driven by strong demand from institutions and individuals.
Robinhood (HOOD)
HOOD has reported its quarterly results and has beaten expectations. The company's revenue has increased by 30% year-over-year, driven by strong demand from new users and institutions.
Other Crypto Stocks:
- Square (SQ)
- PayPal (PYPL)
What to Expect Tomorrow
As we bid adieu to July 18, 2026, and welcome the dawn of a new day, the Indian markets have ended the day on a strong note. The Nifty 50 has closed at 24,334.30 with a gain of 1.09%, while the BSE Sensex has risen by 1.25% to 78,151.45. The Bank Nifty has outperformed its peers, closing at 58,521.40 with a gain of 1.63%. The top performers in the IT sector include TCS, Infosys, and Wipro, while HDFC Bank and ICICI Bank have led the charge in the Banking sector.
Risk Radar
As we navigate the markets, it's essential to remain vigilant and aware of the risks that lie ahead. The Crypto Fear & Greed Index has plummeted to 25/100, indicating extreme fear in the markets. The volatility index, VIX, has risen by 12.19% to 18.77, suggesting a heightened sense of uncertainty.
Scenario 1: Bullish
Scenario 1 presents a bullish outlook for the Indian markets. Assuming the overnight risks are mitigated, and the global markets continue to trend positively, the Nifty 50 could breach the 24,500 mark. This would be driven by the IT sector, which has been a consistent performer this year. TCS, Infosys, and Wipro could drive this momentum, supported by their strong earnings and cash flows. The Bank Nifty could also continue its upward trajectory, with HDFC Bank and ICICI Bank leading the charge.
Stock Screener suggests that the top-performing stocks in the IT sector include:
- TCS (TCS.NS): ₹2,269.00 (▲3.09%)
- Infosys (INFY.NS): ₹1,096.50 (▲1.30%)
- Wipro (WIPRO.NS): ₹176.00 (▼0.98%)
Scenario 2: Bearish
Scenario 2 presents a bearish outlook for the Indian markets. Assuming the overnight risks escalate, and the global markets experience a downturn, the Nifty 50 could plummet to the 24,000 mark. This would be driven by the Banking sector, which has been under pressure due to the rising interest rates. HDFC Bank and ICICI Bank could lead the decline, while the IT sector could experience a correction.
Sector Heatmap suggests that the top-performing sectors include:
- IT (Nifty IT): 29,226.60 (▲1.75%)
- Banking (Nifty Bank): 58,521.40 (▲1.63%)
Scenario 3: Base Case
Scenario 3 presents a base-case outlook for the Indian markets. Assuming the overnight risks remain contained, and the global markets trend sideways, the Nifty 50 could consolidate around the 24,300 mark. This would be driven by the Index heavyweights, which include Reliance, TCS, and Infosys. The IT sector could continue its upward momentum, while the Banking sector could experience a correction.
Paper Trading suggests that the top-performing stocks include:
- Reliance (RELIANCE.NS): ₹1,327.20 (▲2.36%)
- TCS (TCS.NS): ₹2,269.00 (▲3.09%)
- Infosys (INFY.NS): ₹1,096.50 (▲1.30%)
Overnight Risks
The overnight risks are centered around the US markets, which have experienced a downturn. The S&P 500 has closed at 7,457.69 with a loss of 1.51%, while the Nasdaq has plummeted to 25,520.24 with a loss of 2.85%. The big-tech stocks, including NVIDIA, Apple, and Microsoft, have also experienced a decline. The Crypto markets have also experienced a downturn, with Bitcoin and Ethereum experiencing a decline.
The Crypto Fear & Greed Index has plummeted to 25/100, indicating extreme fear in the markets. The volatility index, VIX, has risen by 12.19% to 18.77, suggesting a heightened sense of uncertainty.
Conclusion
In conclusion, the Indian markets have ended the day on a strong note, driven by the IT sector and the Banking sector. However, the overnight risks are centered around the US markets, which have experienced a downturn. Assuming the overnight risks are mitigated, the Nifty 50 could breach the 24,500 mark. However, if the overnight risks escalate, the Nifty 50 could plummet to the 24,000 mark. A base-case outlook suggests that the Nifty 50 could consolidate around the 24,300 mark.
As we navigate the markets, it's essential to remain vigilant and aware of the risks that lie ahead. The Crypto Fear & Greed Index suggests that the markets are experiencing extreme fear, while the volatility index suggests a heightened sense of uncertainty.
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Aaj Nifty 50 24,334.30 par hai, jo 1.09% se upar hai. Yeh breakout signal hai ki market mein bullish trend hai. Hamare liye, yeh breakout point hai 24,350 ke liye. Hamare liye, SL point 24,280 hai. TP point 24,400 hai.
Entry Levels:
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- SL point 24,280 hai.
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Setup 2: Bearish Breakdown on Nifty Pharma
Aaj Nifty Pharma 25,645.00 par hai, jo 1.40% se down hai. Yeh breakdown signal hai ki market mein bearish trend hai. Hamare liye, yeh breakdown point hai 25,600 ke liye. Hamare liye, SL point 25,700 hai. TP point 25,500 hai.
Entry Levels:
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- SL point 25,700 hai.
- TP point 25,500 hai.
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Aaj Bank Nifty 58,521.40 par hai, jo 1.63% se upar hai. Yeh range-bound signal hai ki market mein bearish trend hai. Hamare liye, yeh range-bound point hai 58,500 ke liye. Hamare liye, SL point 58,600 hai. TP point 58,400 hai.
Entry Levels:
- Bank Nifty 58,500 par sell karo.
- SL point 58,600 hai.
- TP point 58,400 hai.
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