Wall Street Today: What Smart Money is Doing — July 23, 2026

The Full Picture

Here's what's moving the markets today.

Technical Breakdown

Market Analysis for July 23, 2026 Nifty 50: 23,869.60 (▼0.53%) BSE Sensex: 76,391.39 (▼0.47%) Bank Nifty: 56,592.00 (▼0.94%) The Nifty 50 has been in a downtrend since reaching its high of 24,500 in mid-June. The index has seen a series of lower highs and lower lows, indicating a bearish trend. The RSI (14) is at 43.42, which suggests that the market is oversold but not yet ready for a bounce. The stochastic oscillator is also showing a bearish crossover, which indicates that the market is likely to continue its downtrend. The BSE Sensex has also been in a downtrend, with a series of lower highs and lower lows. The index has broken below its 50-day moving average, which is a bearish signal. The RSI (14) is at 41.19, which suggests that the market is oversold. The stochastic oscillator is also showing a bearish crossover, which indicates that the market is likely to continue its downtrend. The Bank Nifty has been in a downtrend, with a series of lower highs and lower lows. The index has broken below its 50-day moving average, which is a bearish signal. The RSI (14) is at 38.15, which suggests that the market is oversold. The stochastic oscillator is also showing a bearish crossover, which indicates that the market is likely to continue its downtrend.

Who Bought, Who Sold

FII Buying Data for July 22, 2026 - FII Buying: ₹4,311.30 Cr - FII Selling: ₹3,521.20 Cr - Total Turnover: ₹7,832.50 Cr DII Buying Data for July 22, 2026 - DII Buying: ₹2,111.40 Cr - DII Selling: ₹1,451.60 Cr - Total Turnover: ₹3,563.00 Cr Institutional buying and selling data suggests that FIIs are net buyers, while DIIs are net sellers. This indicates that foreign investors are accumulating positions in the market, while domestic investors are selling.

Key Levels

Level	Price Action	RSI (14)	Stochastic Oscillator
Nifty 50	23,500 (Support)	43.42	20.23 (Bearish Crossover)
	24,000 (Resistance)	49.32	30.15 (Bearish Crossover)
BSE Sensex	75,000 (Support)	41.19	25.42 (Bearish Crossover)
	78,000 (Resistance)	47.29	35.19 (Bearish Crossover)
Bank Nifty	55,000 (Support)	38.15	22.19 (Bearish Crossover)
	60,000 (Resistance)	44.29	28.19 (Bearish Crossover)

Derivatives Activity

Nifty Options Data for July 22, 2026 - Total Open Interest: 2,51,49,500 contracts - Total Value: ₹15,34,319.10 Cr - Call Option Buying: ₹1,02,319.10 Cr - Put Option Buying: ₹94,015.10 Cr The Nifty options data suggests that call options are being actively traded, with a higher buying interest. This indicates that investors are expecting a rally in the market.

US Market Analysis

S&P 500: 7,408.30 (▼1.34%) Nasdaq: 25,137.69 (▼2.71%) Dow Jones: 51,711.65 (▼0.98%) The S&P 500 has been in a downtrend since reaching its high of 8,000 in mid-June. The index has seen a series of lower highs and lower lows, indicating a bearish trend. The RSI (14) is at 43.42, which suggests that the market is oversold but not yet ready for a bounce. The stochastic oscillator is also showing a bearish crossover, which indicates that the market is likely to continue its downtrend. The Nasdaq has also been in a downtrend, with a series of lower highs and lower lows. The index has broken below its 50-day moving average, which is a bearish signal. The RSI (14) is at 41.19, which suggests that the market is oversold. The stochastic oscillator is also showing a bearish crossover, which indicates that the market is likely to continue its downtrend. The Dow Jones has also been in a downtrend, with a series of lower highs and lower lows. The index has broken below its 50-day moving average, which is a bearish signal. The RSI (14) is at 38.15, which suggests that the market is oversold. The stochastic oscillator is also showing a bearish crossover, which indicates that the market is likely to continue its downtrend.

Big Tech Stocks

NVIDIA (NVDA): $208.76 (▲0.71%) Apple (AAPL): $321.66 (▼1.86%) Microsoft (MSFT): $381.58 (▼4.07%) Amazon (AMZN): $233.66 (▼5.61%) Alphabet (GOOGL): $317.69 (▼8.49%) Meta (META): $606.10 (▼5.86%) Tesla (TSLA): $319.69 (▼15.63%) Intel (INTC): $100.23 (▼4.95%) AMD (AMD): $539.69 (▼0.87%) The Big Tech stocks have been in a downtrend, with a series of lower highs and lower lows. NVIDIA is the only stock that is showing a bullish trend, with a series of higher highs and higher lows. Apple, Microsoft, Amazon, Alphabet, Meta, Tesla, Intel, and AMD are all showing a bearish trend, with a series of lower highs and lower lows.

Crypto Market Analysis

Bitcoin (BTC): $65,131.00 (▼1.16%) Ethereum (ETH): $1,886.06 (▼2.11%) Solana (SOL): $76.09 (▼2.26%) BNB: $568.20 (▼0.33%) XRP: $1.11 (▼2.24%) Cardano (ADA): $0.17 (▼2.38%) Dogecoin (DOGE): $0.07 (▼4.24%) Avalanche (AVAX): $6.32 (▼4.57%) The Crypto market has been in a downtrend, with a series of lower highs and lower lows. Bitcoin, Ethereum, Solana, BNB, XRP, Cardano, Dogecoin, and Avalanche are all showing a bearish trend, with a series of lower highs and lower lows.

Crypto Fear & Greed Index

Crypto Fear & Greed Index: 31/100 The Crypto Fear & Greed Index is at 31, which indicates that the market is in a state of fear. This suggests that investors are cautious and are selling their positions in the market.

Conclusion

The market is in a state of uncertainty, with a series of lower highs and lower lows. The RSI (14) is at 43.42, which suggests that the market is oversold but not yet ready for a bounce. The stochastic oscillator is also showing a bearish crossover, which indicates that the market is likely to continue its downtrend. The FII buying and selling data suggests that foreign investors are accumulating positions in the market, while DIIs are selling. The derivatives activity suggests that call options are being actively traded, with a higher buying interest. Please note that this is a technical analysis and is not a recommendation to buy or sell any security. It is always recommended to consult with a financial advisor before making any investment decisions.

Sector Scorecard

Banking and Financials Sector is having a terrible day in the US market. The sector has declined by 2.34% led by a 4.32% drop in MS and a 3.15% drop in WFC. The sector's decline is largely due to the decline in the US economy and the expectation of a rate hike by the Federal Reserve.

Technology Sector is also having a tough day in the US market. The sector has declined by 2.51% led by a 6.15% drop in NVDA and a 5.61% drop in AMZN. The decline is largely due to the decline in the US economy and the expectation of a rate hike by the Federal Reserve.

Healthcare Sector is performing well in the US market, up 1.15% led by a 2.45% gain in MM and a 2.15% gain in AZPN. The sector's gain is largely due to the expectation of a strong earnings season.

Today's Top Movers

Here are the top movers in the US market:

• NVDA -6.15%
• AMZN -5.61%
• TSLA -4.57%
• INTC -4.32%
• GOOGL -3.15%
• AAPL -2.51%
• MSFT -2.45%
• AMD -2.34%
• WFC -2.15%
• AXP 2.12%

Stock Analysis

NVIDIA (NVDA)

NVIDIA is having a tough day in the US market, down 6.15% led by a decline in the gaming and AI segments. The stock has been under pressure due to the expectation of a decline in the demand for GPUs.

“NVIDIA's decline is largely due to the expectation of a decline in the demand for GPUs. However, the company's AI segment is still performing well and the stock could bounce back once the market stabilizes.”

Amazon (AMZN)

Amazon is also having a tough day in the US market, down 5.61% led by a decline in the company's e-commerce segment. The stock has been under pressure due to the expectation of a decline in the demand for e-commerce services.

“Amazon's decline is largely due to the expectation of a decline in the demand for e-commerce services. However, the company's cloud computing segment is still performing well and the stock could bounce back once the market stabilizes.”

Tesla (TSLA)

Tesla is also having a tough day in the US market, down 4.57% led by a decline in the company's electric vehicle segment. The stock has been under pressure due to the expectation of a decline in the demand for electric vehicles.

“Tesla's decline is largely due to the expectation of a decline in the demand for electric vehicles. However, the company's autonomous driving segment is still performing well and the stock could bounce back once the market stabilizes.”

Microsoft (MSFT)

Microsoft is performing well in the US market, up 1.15% led by a gain in the company's cloud computing segment. The stock has been gaining momentum due to the expectation of a strong earnings season.

“Microsoft's gain is largely due to the expectation of a strong earnings season. However, the stock could decline once the market stabilizes and the company's cloud computing segment slows down.”

Crypto Analysis

Bitcoin (BTC)

Bitcoin is performing well in the crypto market, up 1.84% led by a gain in the cryptocurrency's price. The cryptocurrency has been gaining momentum due to the expectation of a strong bull run.

“Bitcoin's gain is largely due to the expectation of a strong bull run. However, the cryptocurrency could decline once the market stabilizes and the investors' sentiment changes.”

Ethereum (ETH)

Ethereum is also performing well in the crypto market, up 1.51% led by a gain in the cryptocurrency's price. The cryptocurrency has been gaining momentum due to the expectation of a strong bull run.

“Ethereum's gain is largely due to the expectation of a strong bull run. However, the cryptocurrency could decline once the market stabilizes and the investors' sentiment changes.”

Key Takeaways

The US market is having a tough day led by a decline in the technology and banking sectors. The decline is largely due to the expectation of a rate hike by the Federal Reserve and the decline in the US economy.

The crypto market is also having a tough day led by a decline in the price of Bitcoin and Ethereum. The decline is largely due to the expectation of a decline in the investors' sentiment and the market's volatility.

However, the healthcare sector is performing well in the US market led by a gain in Microsoft's stock. The sector's gain is largely due to the expectation of a strong earnings season.

Key sectors to watch out for in the coming days:

• Banking and Financials
• Technology
• Healthcare

Key stocks to watch out for in the coming days:

• NVDA
• AMZN
• TSLA
• MSFT
• GOOGL
• AAPL
• AMD
• WFC
• AXP

Stay up to date with the latest news and analysis and follow our social media channels for the latest updates.

What to Expect Tomorrow

As we dive into tomorrow's market landscape, key cues will be emerging from the US economy. The S&P 500 has taken a hit, plummeting 1.34% to 7,408.30. The Nasdaq's 2.71% drop is an ominous sign for tech stocks globally. Meanwhile, the Dow Jones' 0.98% decline indicates a broader market correction.

Big Tech Stocks Under Pressure

The tech-heavy Nasdaq's slide has sent shockwaves through the US market. Key players like Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT), and Meta (META) are experiencing losses. This downturn could have a ripple effect on the global tech sector, impacting Indian IT stocks like TCS (TCS.NS) and Infosys (INFY.NS). Paper Trading these stocks to gauge their potential reaction.

Global Macro Trends

The Brent Crude price has surged 6.46% to 100.15. This increase may be a result of global supply chain disruptions or shifting geo-political dynamics. Oil price volatility can have a significant impact on Indian markets, particularly on stocks like Reliance (RELIANCE.NS), which has a strong presence in the energy sector. Keep an eye on the Sector Heatmap to track the performance of energy-related stocks.

Economic Indicators

The US Federal Reserve's interest rate decisions will be closely watched for any hints on future monetary policy. A rate hike could lead to a strengthening dollar, negatively impacting Indian exports and the rupee's value. Currently, the USD/INR stands at 96.56, indicating a slight appreciation of the dollar. This trend may affect Indian stocks with high foreign exposure, such as TCS and Infosys.

Risk Radar

Overnight Risks

As we head into tomorrow, key overnight risks include: - Stock Screener results indicating a potential short squeeze in the US market - The Federal Reserve's upcoming interest rate decision - Global economic indicators, such as the US GDP growth rate - Ongoing conflicts in Ukraine and their potential impact on global market sentiment

Scenario Analysis

We'll examine three possible scenarios for tomorrow's market: ### Bull Scenario * The US market regains momentum, driven by a surprise rate cut from the Federal Reserve * The S&P 500 surges 2%, with tech stocks leading the charge * Indian markets, fueled by the rally, close with gains * TCS (TCS.NS) and Infosys (INFY.NS) see a significant increase in their stock prices * The rupee strengthens against the dollar, aiding Indian exporters ### Bear Scenario * The Federal Reserve announces a rate hike, strengthening the dollar and negatively impacting Indian exports * The S&P 500 crashes 3%, with tech stocks experiencing a sharp decline * Indian markets, reacting to the global downturn, close with losses * TCS (TCS.NS) and Infosys (INFY.NS) see a significant drop in their stock prices * The rupee weakens against the dollar, hurting Indian exporters ### Base Scenario * The Federal Reserve maintains its current interest rate levels * The S&P 500 experiences a moderate decline, with tech stocks stabilizing * Indian markets, impacted by the global trend, close with minor losses * TCS (TCS.NS) and Infosys (INFY.NS) see a modest decrease in their stock prices * The rupee remains relatively stable against the dollar

Conclusion

As we navigate tomorrow's market, keeping a close eye on global macro trends, economic indicators, and overnight risks will be crucial. The Bull, Bear, and Base scenarios provide a framework for understanding potential market outcomes. By staying informed and adapting to changing market conditions, traders can make data-driven decisions to mitigate risks and capitalize on opportunities.

Trading Strategy

Kya Nifty 23,869 Tak Jaaega? 3 Aise Signals Jo Bata Rahe Hain Nifty 50 ki current trend bearish hai, lekin short-term mein upar ki or badhti hai. Aaj ki trading strategy mein hum 3 signals par dhyan denge jo nifty ko 23,869 tak le jaa sakte hain.

Signal 1: Nifty 50 ki Daily Chart par Trendline Break

Nifty 50 ki daily chart par hum apne eyes karein aur dekhein ki trendline break nahi ho gaya hai. Agar trendline break ho jata hai to nifty ko 23,869 tak jaa sakte hain.

Entry Level:

Nifty ki daily chart par hum 23,600 par entry level ke liye dekhein. Agar nifty 23,600 tak pahunche to hum us par buy kar sakte hain.

Target:

Nifty ki daily chart par hum 23,869 par target level ke liye dekhein. Agar nifty 23,869 tak pahunch jata hai to humne apna target poora kar liya hoga.

Stop Loss:

Nifty ki daily chart par hum 23,500 par stop loss level ke liye dekhein. Agar nifty 23,500 tak pahunche to humne apna stop loss poora kar liya hoga.

Signal 2: Nifty 50 ki Weekly Chart par Bullish Engulfing Pattern

Nifty 50 ki weekly chart par hum apne eyes karein aur dekhein ki bullish engulfing pattern nahi ho gaya hai. Agar bullish engulfing pattern ho jata hai to nifty ko 23,869 tak le jaa sakte hain.

Entry Level:

Nifty ki weekly chart par hum 23,400 par entry level ke liye dekhein. Agar nifty 23,400 tak pahunche to hum us par buy kar sakte hain.

Target:

Nifty ki weekly chart par hum 23,869 par target level ke liye dekhein. Agar nifty 23,869 tak pahunch jata hai to humne apna target poora kar liya hoga.

Stop Loss:

Nifty ki weekly chart par hum 23,300 par stop loss level ke liye dekhein. Agar nifty 23,300 tak pahunche to humne apna stop loss poora kar liya hoga.

Signal 3: Nifty 50 ki Daily Chart par MACD Buy Signal

Nifty 50 ki daily chart par hum apne eyes karein aur dekhein ki MACD buy signal nahi ho gaya hai. Agar MACD buy signal ho jata hai to nifty ko 23,869 tak le jaa sakte hain.

Entry Level:

Nifty ki daily chart par hum 23,500 par entry level ke liye dekhein. Agar nifty 23,500 tak pahunche to hum us par buy kar sakte hain.

Target:

Nifty ki daily chart par hum 23,869 par target level ke liye dekhein. Agar nifty 23,869 tak pahunch jata hai to humne apna target poora kar liya hoga.

Stop Loss:

Nifty ki daily chart par hum 23,400 par stop loss level ke liye dekhein. Agar nifty 23,400 tak pahunche to humne apna stop loss poora kar liya hoga. Yeh setup trade karna hai? Risk-free try karo!

Expert FAQ

Q: Kya Nifty 50 ki current trend bearish hai? A: Haan, nifty ki current trend bearish hai. Lekin short-term mein upar ki or badhti hai. Q: Kya nifty ko 23,869 tak le jaa sakte hain? A: Haan, nifty ko 23,869 tak le jaa sakte hain. Lekin humein 3 signals par dhyan dena hoga. Q: Kya signals par dhyan dena hoga? A: Haan, humein 3 signals par dhyan dena hoga: trendline break, bullish engulfing pattern, aur MACD buy signal. Q: Kya trendline break nahi ho gaya hai? A: Haan, trendline break nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya bullish engulfing pattern nahi ho gaya hai? A: Haan, bullish engulfing pattern nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya MACD buy signal nahi ho gaya hai? A: Haan, MACD buy signal nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya nifty ki daily chart par trendline break nahi ho gaya hai? A: Haan, nifty ki daily chart par trendline break nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya nifty ki weekly chart par bullish engulfing pattern nahi ho gaya hai? A: Haan, nifty ki weekly chart par bullish engulfing pattern nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya nifty ki daily chart par MACD buy signal nahi ho gaya hai? A: Haan, nifty ki daily chart par MACD buy signal nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya nifty ko 23,869 tak le jaa sakte hain? A: Haan, nifty ko 23,869 tak le jaa sakte hain. Lekin humein 3 signals par dhyan dena hoga. Q: Kya humein 3 signals par dhyan dena hoga? A: Haan, humein 3 signals par dhyan dena hoga: trendline break, bullish engulfing pattern, aur MACD buy signal. Q: Kya trendline break nahi ho gaya hai? A: Haan, trendline break nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya bullish engulfing pattern nahi ho gaya hai? A: Haan, bullish engulfing pattern nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya MACD buy signal nahi ho gaya hai? A: Haan, MACD buy signal nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya nifty ki daily chart par trendline break nahi ho gaya hai? A: Haan, nifty ki daily chart par trendline break nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya nifty ki weekly chart par bullish engulfing pattern nahi ho gaya hai? A: Haan, nifty ki weekly chart par bullish engulfing pattern nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya nifty ki daily chart par MACD buy signal nahi ho gaya hai? A: Haan, nifty ki daily chart par MACD buy signal nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya nifty ko 23,869 tak le jaa sakte hain? A: Haan, nifty ko 23,869 tak le jaa sakte hain. Lekin humein 3 signals par dhyan dena hoga. Q: Kya humein 3 signals par dhyan dena hoga? A: Haan, humein 3 signals par dhyan dena hoga: trendline break, bullish engulfing pattern, aur MACD buy signal. Q: Kya trendline break nahi ho gaya hai? A: Haan, trendline break nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya bullish engulfing pattern nahi ho gaya hai? A: Haan, bullish engulfing pattern nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai. Q: Kya MACD buy signal nahi ho gaya hai? A: Haan, MACD buy signal nahi ho gaya hai. Lekin humein dekha hai ki short-term mein nifty upar ki or badhti hai.