Indian markets ended flat on July 22, with the Nifty holding 25,000 as US-India trade talks drag. Sensex fell 13 points, Nifty 29. Sectoral losses led by media, PSU banks, and pharma. Analysts flagged key levels: upside above 25,130 and downside risk below 24,980. Broader indices underperformed. Traders are advised to avoid FOMO and focus on value amid overvaluation signs.