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Nifty Poised For Deeper Correction If 24,900 Support Breaks? HCLTech Disappoints| Opening Bell Live

The Nifty 50 extended its losing streak for a fourth straight session, ending 68 points lower on July 14. Technical indicators remain weak, with the index trading below key short-term moving averages. However, it found intraday support at the psychological 25,000 level. Experts say holding above 25,000 could trigger a rebound toward 25,100–25,200. A sustained break below this level may open the door to 24,900 initially, with 24,800 seen as a more crucial support zone. The Gift Nifty is hinting at a mildly higher start. HDFC Life will report numbers today while HCLTech will react to Q1 earnings. Also watch out for autos as Tesla opens its first India showroom in Mumbai today. Catch Nandita Khemka in conversation with Ajit Mishra--SVP, Technical Research, Religare Broking and Siddhartha Khemka Head of Research, Wealth Management, MOFSL

first published: Jul 15, 2025 08:59 am