Trading Plan: Can Nifty 50 defend 24,500, Bank Nifty march toward 56,000?
As long as the Nifty 50 holds the 24,500–24,400 levels (support) on a closing basis, a gradual move toward 24,700–24,900 cannot be ruled out. However, a break of the support can again strengthen the bears.
Trade Spotlight: How should you trade TVS Motor, BSE, Aditya Birla Capital, Cholamandalam Financial, Delhivery, Eternal and others on August 8?
The sustainability of Thursday's recovery is the key to watch, as frontline indices remained well below short-term moving averages. Below are some short-term trading ideas to consider.
Trade setup for August 8: Top 15 things to know before the opening bells
According to experts, the Nifty 50 needs to sustain above the 100-day EMA to initiate an upward journey toward 24,900. Until then, consolidation and rangebound trading are expected to continue, with support placed at 24,350 (Thursday’s low).
Technical View: Bulls shrug off 50% tariff-led crisis, further recovery possible only if Nifty defends 100 DEMA
The weekly options data suggests that the Nifty 50 may trade in the 24,400–25,000 range in the short term.
Trading Plan: Can bears drag Nifty 50 to 24,200, Bank Nifty below 55,000 after Trump’s tariff shock?
If the Nifty 50 decisively breaks the 24,450–24,500 support zone, a fall toward 24,200 is possible. On the flip side, 24,700 remains the immediate resistance.
Trade Spotlight: How should you trade IndiGo, Asian Paints, Waaree Energies, Jindal Stainless, CSB Bank, Bajaj Finance and others on August 7?
The bearish sentiment is expected to prevail, given the weakness in technical indicators. Below are some short-term trading ideas to consider.
Trade setup for August 7: Top 15 things to know before the opening bells
The immediate key support is placed at 24,473 (June low), as breaking decisively below it could drive the Nifty 50 down toward the 200-day EMA (24,200), a generally crucial support level. On the upside, 24,700 may act as a resistance, according to experts.
Technical View: Bears may tighten their grip if Nifty decisively breaks June low
The weekly options data suggests that the Nifty 50 is likely to trade in the 24,400-24,700 range in the near term.
Trading Plan: Can Nifty 50, Bank Nifty extend their downward move on RBI policy decision day?
According to experts, if the Nifty 50 breaks 24,535 (last Friday’s low), the selling pressure may drag the index down toward 24,473 (a crucial support). However, on the higher side, 24,800 is expected to be the immediate resistance zone.
Trade Spotlight: How should you trade Bank of Baroda, BLS International, Godawari Power, ICICI Prudential, BHEL, DMart and others on August 6?
The consolidation with a negative bias is expected to persist in the upcoming sessions. Below are some short-term trading ideas to consider.
Trade setup for August 6: Top 15 things to know before the opening bells
If the Nifty 50 decisively breaks the 24,500 zone, which coincides with the previous week's low as well as the June low, the selling pressure may extend further. However, on the higher side, the 24,800–24,900 levels are crucial to watch, according to experts.
Technical View: Decisive fall below 100-DEMA can extend Nifty sell-off, Bank Nifty bears seen targeting June low
The weekly options data indicates that the Nifty 50 is expected to trade within the 24,500–24,800 range in the immediate term, with 24,000–25,000 being the broader range.
Trade Spotlight: How should you trade Kaynes Technology, Jindal Stainless, Hero MotoCorp, CCL Products, Grasim Industries and others on August 5?
The market is expected to remain in consolidation mode until it gives a decisive close above short-term moving averages. Below are some short-term trading ideas to consider.
Trading Plan: Can Nifty 50 sustain above 24,700, Bank Nifty hold previous day’s low?
The Nifty 50 is most likely to trade in the 24,500–25,000 range, as a decisive break of this range on either side can provide a firm direction to the market. The key support is placed at 24,473 (June low), as a breach below this level may give more power to the bears.
Trade setup for August 5: Top 15 things to know before the opening bells
Unless and until the Nifty 50 closes and sustains above the short- and medium-term moving averages, the trend is likely to favour the bears. On the higher side, 24,800 is expected to act as an immediate hurdle, followed by 24,950 as a key resistance level. On the lower side, support is placed in the 24,500–24,550 zone.
Technical View: Nifty needs to climb above 20-day EMA for sustainable rally, next hurdle at 24,800
The immediate hurdle is placed at 24,800, which coincides with the 10-day EMA. The Nifty 50 needs to reclaim and sustain above the 24,900–24,950 zone (50-day and 20-day EMAs) for a consistent upward journey.
Trading Plan: Will Nifty 50 defend June low, Bank Nifty hold above 55,500?
While the Nifty 50 may bounce back after last week’s significant correction, a sustainable uptrend is unlikely unless it closes strongly above 25,000. Until then, consolidation may persist. If the index decisively breaks below the June low of 24,473, selling pressure could intensify.
Trade Spotlight: How should you trade Star Cement, Fortis Healthcare, Vimta Labs, Hitachi Energy, Metropolis Healthcare and others on August 4?
While the market may rebound following last week’s sell-off, the key factor to watch is sustainability. Below are some short-term trading ideas to consider.
Trade setup for August 4: Top 15 things to know before the opening bells
According to experts, if the Nifty 50 breaks and sustains below the 24,500 support level, the selling pressure may drag it down to the 24,200–24,000 zone. However, in case of a rebound, the 24,700–24,800 levels are key to watch. As long as the index trades below 25,000, consolidation may continue.
Get ready for volatility spikes in August series; Nifty likely to remain rangebound to bearish
Given the mixed cues and technical fragility, a break above resistance could spark momentum, while a breach of key supports could deepen the market correction.
Chartist Talk: Rahul Ghose sees choppy August for Nifty, expects continued Bank Nifty outperformance
Bank Nifty has now moved below several important moving averages, and recent chart patterns look a bit bearish, but the buy on dips should be the outlook for August, said Rahul Ghose.
Option trading for range-bound market: Shubham Agarwal
Range bound markets are also equally profitable, if traded effectively using Options, explains Shubham Agarwal.
Chartist Talk: Sudeep Shah shares 2 buy and 2 sell picks amid market caution; Nifty at risk below 24,400
The 24,400–24,350 zone is expected to act as an immediate support for Nifty. A sustained break below this could further accelerate the downside. On the flip side, the 50-day EMA zone of 24,900–24,950 now stands as a crucial hurdle, and any meaningful recovery would need to clear this zone with conviction, said Sudeep Shah of SBI Securities.
Technical View: Correction continues for 5th straight week, bears can drag Nifty to 24,000 if it decisively falls below June low
Given the bearish sentiment and weakness in momentum indicators, if the Nifty 50 decisively breaks below 24,500—which roughly coincides with the June low of 24,473—then the 24,200–24,180 zone becomes critical support (coinciding with the 200-day EMA). This may be followed by 24,000, a crucial level, which both have highest Put open interest.
