Weekly Index Performance (14–18 July 2025)
| Date | Open | Close | % Change |
|---|---|---|---|
| 14 Jul | 976.25 | 964.95 | –1.17% |
| 15 Jul | 983.95 | 979.70 | +0.79% |
| 16 Jul | 988.85 | 986.05 | +0.50% |
| 17 Jul | 1,001.10 | 994.15 | +1.24% |
| 18 Jul | 999.90 | 1,005.45 | +0.56% |
Total Weekly Gain: ≈ +3.84%
Stock-Wise Performance Overview
Top Performers:
- Sobha Ltd: Strongest gainer early in the week.
- Godrej Properties, Phoenix Mills, Prestige Estates, DLF, Oberoi Realty: Consistent upward movement during mid-to-late week.
Underperformers:
- Brigade Enterprises, Raymond Realty, Mahindra Lifespaces: Weak early sessions, minor late recovery.
Market Cap Impact: Sector-wide valuation rose by ∼₹30,000 crore, consistent with index trend.
Elliott Wave Recap (7–11 July 2025)
- A textbook ABC correction was confirmed:
- Wave A: Rise early week
- Wave B: Pullback midweek
- Wave C: Bounce from 970 levels on Friday
- Wave III likely initiated post 11 July, confirmed by impulsive movement above 988.
- RSI and MACD suggest strength continuation, aligning with wave progression.
Technical Outlook (21–25 July 2025)
Bullish Scenario:
- Break and sustain above 1,005 confirms Wave III
- Resistance targets: 1,020–1,050
Bearish Scenario:
- Drop below 984–988 risks correction (Wave IV)
- Support levels at 970, 960, and 955
Indicators to Monitor:
- Volume confirmation on breakout
- RSI > 55
- MACD histogram positivity
Watchlist Stocks: Sobha, Godrej, DLF, Oberoi (leading the momentum)
Summary
- 14–18 July: Nifty Realty surged +3.8%; major gains from Sobha, Godrej, and DLF.
- Previous Elliott structure confirmed, Wave III is in motion.
- Key resistance: 1,020–1,050; maintain bullish bias above 1,005.
Stay tuned for weekly updates and technical insights tailored to sectoral momentum and wave theory applications.