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August 06, 2025

• Daily Morning Report Date: 06.08.2025
• NIFTY OUTLOOK – 24649.55 FII: -22.48 cr | DII: +3840.39 cr
• Nifty moved on expected lines, taking support near our mentioned level of 24616 and closing at 24649.55.
• A small bearish candle has formed on the daily chart, supporting the prevailing weak sentiment.
• If Nifty decisively breaks below 24597, it may slide towards 24547–24496, and further to 24446 if supply pressure increases.
• On the upside, an inside bar formation is visible, which gives equal opportunity to buyers. If Nifty crosses 24700, a rally towards 24751–24805 is possible, and may even test 24853 if demand sustains.
• Bank Nifty Outlook – 5th August 2025:
• Spot: 55,360.25 | PCR: 0.77 | Max CE OI: 57,000 | Max PE OI: 57,000
• Bank Nifty ended at 55,360.25, up by 445.30 points. It touched a high of 55,648.15 and a low of 55,202.85 during the session.
• Support is placed at 55,050, while resistance is seen near 55,900.
• Intraday Strategy:
• Buy above 55,490 with SL 55,440 for target 55,610
• Sell below 55,230 with SL 55,280 for target 55,110
• Technical View:
• RSI stands at 35.80, indicating weak momentum.
• Bank Nifty is trading above 100, 150, and 200-DMA, but remains below 5, 10, 20, 30, and 50-DMA, suggesting near-term weakness.
• No active candlestick pattern was formed on the daily chart.
• Macros:
• 1.Dollar index @ 98.582
• 2.S&P 500 Vix @ 17.85
• 3.Brend crude @ 68.02
• 4.US 10 years bond yield @ 4.219
• Note:
• The Trump administration will announce new tariffs tonight at 2 am IST on multiple countries. It will be interesting to see if India is included and by how much the tariffs are raised.
• U.S. President Donald Trump again threatened on Monday to hike tariffs on Indian goods over its Russian oil purchases. New Delhi termed the move "unjustified" and vowed to safeguard its economic interests, deepening the trade rift between the two nations. On Tuesday, Russia accused the U.S. of exerting illegal trade pressure on India.
• RBI will announce its policy today — 40% of economists expect a 25 bps cut, while 60% are against it, making it an even split.
• Today's events will trigger the next move. We need to be very cautious.
• Contributed by
• Ashok bhandari : INH000019549
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