The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential declines toward 22,900–22,600. On the upside, the 24,500–25,000 range serves as a strong resistance, with the 25,000 level having significant call option open interest, making it unlikely to be breached soon.
Helios is avoiding auto and consumer stocks for now; Dinshaw Irani explains why
Helios Mutual Fund’s CEO, Dinshaw Irani, expresses a negative outlook on the auto sector, particularly PVs, citing EV competition and potential tariff implications from trade
July 25, 2025