🧾 Weekly Index Price Performance
Based on NSE and Investing.com historical data (Investing.com, ICICI Direct, India Infoline):
| Date | Open | Close | % Change |
|---|---|---|---|
| 21 Jul | 1,000.90 | 1,007.25 | +0.64% |
| 22 Jul | 1,007.25 | 993.85 | –1.01% |
| 23 Jul | 993.85 | 987.40 | –0.66% (down ~2.6% intraday) |
| 24 Jul | 971.95 | 960.10 | –1.04% (Investing.com, Yahoo Finance) |
| 25 Jul | 957.00 | 950.60 | –0.99% (Investing.com, The Economic Times) |
➤ Total Weekly Performance: ~–5.0%, with sharp midweek declines erasing early gains.
📊 Stocks: Winners & Laggards with Valuation Impact
Rising Stocks
- Raymond Realty: one of the few gainers midweek (~+1.1%) (India Infoline, ICICI Direct)
- Brigade Enterprises: modest uptick (~+0.53%) (ICICI Direct)
Weak Performers
- Prestige Estates Projects: down ~3.2% on 24 July (The Economic Times)
- Sobha Ltd: fell ~1.6% on 24 July (The Economic Times)
- DLF: down ~1.34% on 24 July (ICICI Direct)
- Oberoi Realty: down ~1.9% on 24 July (ICICI Direct)
- Godrej Properties: lost ~3.4% on 25 July (The Economic Times)
Market Cap Effect: This broad selloff cut sector valuation by several thousand crores, reflecting worst week since mid-July.
🌀 Elliott Wave Recap (7–11 July 2025)
- Completed ABC Correction: A (mon–tue drift up), B (midweek pullback), C (bounce from ~970 end of week).
- Following weeks saw bearish expansion, wave count likely shifted such that Wave III delay occurred, with sector now correcting deeply.
- Chart structure consistent with extended correction or potential Wave IV developing.
🔮 Outlook: Emerging Scenarios (28 July–1 Aug)
🚀 Bullish Case
- Stabilize around 950–960 support zone.
- Rebound above 960–970 daily close and break week‑high ~1,000 confirms Wave III delayed lift.
- Target: 985–1,020 next resistance range.
🧭 Bearish Case
- Continued slide below 950 may expose lower zones at 940–930, extending Wave IV.
- Lack of volume on rebounds flags hesitation.
Monitor:
- Volume strength on bounce-offs.
- Momentum indicators: RSI, MACD histograms.
- Leading stock signals: if Raymond & Brigade continue outperforming vs weakness in others.
✅ Summary
- 21–25 Jul: Nifty Realty reversed sharply lower, ending ~5% lower.
- Weakness: Across major peers—Prestige, Sobha, DLF, Oberoi, Godrej.
- Few exceptions: Raymond, Brigade logged limited gains.
- Elliott structure now pointing to deeper correction; wave count suggests Wave IV continuation or bottoming zone ahead.
- Key inflection: support at 950–960. Bounce beyond that with strength needed to resume Wave III.
📌 Disclaimer:
This article is intended for educational and informational purposes only. Market movements and technical analysis involve inherent risks. Please consult your certified financial advisor before making any investment decisions. The author and publisher do not take responsibility for any financial losses incurred based on this analysis.