27, August, 2025

Market Highlights


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August 09, 2025

  • Daily Morning Report — Date: 11.08.2025
  • NIFTY OUTLOOK: 24363.30 FII: 1932.81 cr DII: 7723.66 cr
  • As discussed in the 4th August report, market behaviour remained on expected lines last week as Nifty opened positively but faced resistance near 24700 and slipped towards our support of 24300, making a low of 24337.
  • A consecutive bearish candle with an upper shadow suggests the continuation of the prevailing downtrend, with possible support at 24235, 24107–24037. Failure to hold these could see further decline to 23979–23851.
  • While there’s no clear sign of reversal, the daily RSI is near the oversold zone, which may trigger a bounce towards 24493–24625. A breakout and sustained trade above this could push Nifty to 24751–24875.
  • Bank Nifty OUTLOOK:
  • Spot: 55004.90 PCR: 0.70 Max CE OI: 57000 Max PE OI: 57000
  • On August 8, 2025, Bank Nifty closed at 55004.90 (-516.25, -0.93%) after a 747-point swing during the session, hitting a high of 55652.60 and a low of 54905.60.
  • Technical view :
  • Previously, we identified the important support level on Bank Nifty at 55,050. On 7 August, it was tested and bounced back, leading to a rally of approximately 700 points.
  • Important support and resistance of Bank nifty are 54820 to 54780(zone) and 55900 respectively.
  • Intraday Support and resistance of Bank nifty are 54800 and 55200 respectively.
  • Today’s break out intraday Technical strategy for bank nifty: -
  • Go long above 55200 with stop loss 55140 and target 55410.
  • Go short below 54800 with stop loss 54860 and target 55600.
  • The Relative Strength Index (RSI) for the Nifty Bank index at 33.30. Below 30 is considered oversold and above 70 overbought.
  • Bank nifty Day SMA Analysis
  • Bank nifty is trading above 4 out of 8 SMA’s (100, 150, 200 Day).
  • Bank nifty is trading below 5 out of 8 SMA’s. (5,10, 20, 30, 50 Day)
  • One active candlestick Pattern was identified in bank nifty.
  • Macros:
  • 1.Dollar index @ 97.95
  • 2.S&P Vix @ 15.15 ( -1.42)
  • 3.Brent Crude @ 66.24
  • 4.10 Years bond yield @ 4.274
  • Note: US markets delivered strong gains last week — Nasdaq up 4%, S&P 500 up 2%, and Dow up 1.4%. Some weak economic data fueled hopes for a US rate cut. This week, key data points like CCI and PPI will be crucial; if both come in higher than expected, rate-cut hopes could fade.
  • For Indian markets, sentiment remains weak. A major trigger will be the Russia–US talks on Ukraine — any positive outcome could spark a relief rally. Meanwhile, 25,000–24,880 will act as a strong support base. Keep positions light, avoid aggressive buying, and refrain from bottom fishing. Today's events will be key for the next move; caution is advised.
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  • Data watch
  • 1.Fiis net long 8.2 % (Highly oversold).
  • 2.Fiis bought 1932.81cr in cash segment, Sold 1762.34 cr in index and 2725.38 in stock fut
  • 3.Vix @ 12.03 ( +2.91%)
  • 4.Pcr @ 0.47 (weekly) , 0.93 (monthly)
  • Note: Fiis net long position is @ 8.2 % highly oversold reason on concern of higher tariff that is showing on fiis bought 1932.81 in cash & sold index fut 1762.47 cr, 2725.32 cr in stock fut , Vix is not getting escalated it just rose +2.91% .
  • If lower Vix & Highly over over sold fiis net long & PCR position is any indication some shorts may get cover, follow Index review for the same .
  • We need to observe certain data, Fiis net long as well as Vix if that does not increase (+2.91%) and nay reduction in fiis net long will trigger short covering.
  • Any dips around 24120-24070 will be buying opportunity. If index bounce from current level bounce may come up to 24490-24630.
  • I am of the opinion bounce will come from highly oversold zone on any dip.
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  • fortis @ all time high 909.60 cmp 908 ( hold 25 of your tardes
  • Sangvi movers again 6% up cmp 325 made a high of 309.25 trail sl for 25% tardes @ 311 now
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  • Contributed by
  • Ashok bhandari : INH000019549
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Panchkarma