Targets Achieved in NIFTY 50 THE RESULT
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Trade ideas
How curved line gives better ideaThe momentum slope of the chart changes constantly over time, so it is not possible to find the next top using simple trend lines.
So it may be a better idea to use curved lines instead of straight lines.
Nifty Analysis EOD – August 5, 2025 – Tuesday 🟢 Nifty Analysis EOD – August 5, 2025 – Tuesday 🔴
🌀 Double Inside Day – Calm Before the Storm?
📊 Nifty Summary
In the wind of negative news, yet Nifty starts neutral at the resistance zone of 24,725 ~ 24,735 but was unable to hold there and fell 140 points within the first 45 minutes.
After this initial sell-off, Nifty found support around 24,590, which coincided with yesterday's Fib 0.786 level, R1, and Previous Week Low (PWL).
These levels were well-defended throughout the session. Near the end, the index recovered ~80 points and closed at 24,649.55, close to yesterday’s Fib 0.5.
Can we consider today's move a retracement or a pullback of yesterday's move?
Same as Monday, today’s action stayed inside the previous session’s range, forming an Inside Bar. Now it appears as a Double Inside Bar on the daily chart.
📉 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 24,720.25
High: 24,733.10
Low: 24,590.30
Close: 24,649.55
Change: −73.20 (−0.30%)
Candle Structure Breakdown:
🔴 Red Candle (Close < Open):
24,720.25 − 24,649.55 = 70.70 points
🔼 Upper Wick:
24,733.10 − 24,720.25 = 12.85 points
🔽 Lower Wick:
24,649.55 − 24,590.30 = 59.25 points
Interpretation:
After a flat open, the index tried to move higher but faced resistance near 24,730, then reversed.
Buying interest was seen near the 24,590 zone, but sellers remained in control.
It closed below the open with a decent lower wick, indicating some buying support but overall weakness.
Candle Type:
🕯 A pullback candle with a moderate real body and long lower wick – suggests buyers attempted to support the fall, but sellers dominated.
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 202.71
IB Range: 139.95 → 🟠 Medium
Market Structure: Balanced
Trade Summary:
❌ No entry triggered by system
📌 Support & Resistance Levels
🔼 Resistance Zones:
24,725 ~ 24,735
24,780 ~ 24,795
24,860 ~ 24,880
🔽 Support Zones:
24,675 ~ 24,660
24,620
24,542 ~ 24,535
24,500
24,470 ~ 24,460
🧠 Final Thoughts
Today's double inside bar structure signals contraction and indecision — markets are waiting for a decisive breakout.
“The tighter the coil, the bigger the breakout.”
Keep an eye on these tight ranges. Patience before power!
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Nifty 50 support and resistance for 6th August We have plotted Nifty 50 resistance and support for 6th Aug.
Nifty : Bearish EMA Crossover Loading… Watch Out...The 20 EMA is inching dangerously close to crossing below the 50 EMA on the daily chart — a key technical zone that often signals the start of a short-term downtrend.
📉 What this setup could mean:
Momentum is fading, and bulls are losing grip.
A confirmed crossover may invite fresh selling pressure.
Price structure already showing signs of weakness.
🔍 What to watch:
A clear 20 EMA < 50 EMA crossover with a bearish candle close.
Increased volume on red days could validate the move.
Retest of key support zones if crossover plays out.
⚠️ This is a high-probability setup, but not a confirmation yet. Keep alerts set — the next few candles could decide the trend!
📢📢📢
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Nifty 50 Present ViewsI am trying to publish my opinion about the BMI which is Nifty 50 based on my current understanding and knowledge of markets.
Assumptions are as follows:
Present running QTR is Jul 25 to Sep 25 and year on year comparison of Jul 24 to Sep 24. And the challange was by Apr 25 to Jun 25.
Considering present available data I have tried to highlight best possible scenarios.
Personal Views: Still expecting a consolidaton
Nifty levels - Aug 06, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
NIFTY short setupNifty short setup
Entry - 24644.00
Stop loss - 24671.00
Target - 24545.90
Risk Reward - 1:3.6
#NIFTY50 View for 5th AugNSE:NIFTY We see Nifty cycle from April low have ended, and currently correcting the rally. The first leg of the rally seem to have ended and currently should bounce in 3 waves higher and should potentially reverse for one more leg lower.And where it can find some potential buyers. We don't recommend Selling.
Some stocks are showing potential reversal signal like NSE:INDIANB Indian bank, NSE:PIDILITIND Pidilite, NSE:TATAPOWER Tata Power, NSE:TATASTEEL Tata steel to suggest the above view.
NIFTY KEY LEVELS FOR 05.08.2025NIFTY KEY LEVELS FOR 05.08.2025
If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend.
If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways
📢 Disclaimer
I am not a SEBI-registered financial adviser.
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments.
Please consult with your SEBI-registered financial advisor before making any trading or investment decisions.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
Nifty trend directionNifty 24722 is showing inside bar pattern .resistance at 767 and 844. If high goes greater than yesterday high if 736 , wait for candle to reverse and fall below 736 for shorting opportunities with sl around near mentioned resistance.
Intraday Setup for Tuesday 05 August Market Structure Over Sentiment
The market is currently trading in a confusing zone, especially with negative global sentiment in the backdrop. But remember — that sentiment only matters if the Friday hourly low breaks. Until then, stay technical, stay objective
🧭 Market Structure Overview:
Daily Trend: Continues to form lower lows, indicating weakness in the broader trend.
Hourly Timeframe: Trading near key support, forming a triple bottom at 24,500 – an important level to watch for breakdown or bounce.
5-Minute Chart (Intraday): Showing signs of higher highs, suggesting short-term buying interest.
Key Intraday Levels (Nifty):
24,800 – Critical Resistance Zone
➤ Watch Price Action Closely Here
If reversal comes from this level, it may offer a high-probability shorting opportunity.
A breakout above 24,800 is tricky – may trigger false moves, so wait for confirmation.
24,640 – Scalp Short Opportunity
➤ A good level for a quick short, provided the momentum supports it.
Ideal for scalpers looking for small, sharp moves.
Final Note:
Don’t get influenced by noise. Let the structure guide your trades. As long as Friday’s hourly low holds, bulls have a reason to defend. Below that — bears take the lead.
NIFTY50 Closing Price: ₹24,722.75 (4th Aug 2025, 02:00PM UTC+4)Comprehensive Technical Analysis for NIFTY50
world wide web shunya trade
Closing Price: ₹24,722.75 (4th Aug 2025, 02:00PM UTC+4)
Time Frames:
Intraday: 5M, 15M, 30M, 1H, 4H
Swing: 4H, Daily, Weekly, Monthly
1. Japanese Candlestick Analysis
Intraday (5M-4H)
4H: Bearish Engulfing at 24,722.75 signals rejection of highs.
1H: Dark Cloud Cover below 24,750 confirms weakness.
30M/15M: Shooting Stars at 24,720 indicate exhaustion.
5M: Three Black Crows pattern suggests strong bearish momentum.
Outlook: Bearish reversal likely if 24,700 breaks.
Swing (4H-Monthly)
Daily: Gravestone Doji at 24,722.75 warns of trend exhaustion.
Weekly: Bearish Harami after 3-week rally signals distribution.
Monthly: Long-legged Doji at all-time highs (24,800) indicates indecision.
2. Harmonic Patterns
Intraday
4H/1H: Bearish Butterfly completing at 24,722.75 (D-point).
PRZ: 24,700–24,750 (127.2% XA + 161.8% BC).
30M: Bullish Crab forming at 24,600 (secondary setup).
Swing
Daily: Bearish Gartley near 24,750 (78.6% XA retracement).
Weekly: Potential Bullish Bat at 24,500 if correction extends.
3. Elliott Wave Theory
Intraday
4H: Wave 5 of impulse cycle peaked at 24,722.75.
Structure: Completed 5-wave sequence from 24,200 → 24,722.75.
Corrective Phase: ABC pullback targeting 24,500 (Wave A).
1H: Sub-wave (v) ending with RSI divergence.
Swing
Daily: Wave 3 of primary bull cycle nearing completion at 24,750.
Weekly: Wave (iii) of larger impulse, expecting Wave (iv) correction to 24,300.
Monthly: Wave V of multi-year bull run, nearing major resistance at 24,800.
4. Wyckoff Theory
Intraday
Phase: Distribution (after markup from 24,200 → 24,722.75).
Signs: High volume at 24,722.75 (supply), failed upthrust above 24,750.
Schematic: Phase C (markdown) initiating.
Swing
Daily: Late Markup → Distribution at 24,750.
Weekly: Accumulation completed at 23,500; now in Markup but showing signs of exhaustion.
5. W.D. Gann Theory
Time Theory
Intraday: Key reversal windows:
UTC+4: 10:00–12:00 (resistance test), 14:00–16:00 (trend reversal).
Swing:
Daily: 8th Aug (4 days from close) for time squaring.
Weekly: 12th Aug (1 week) for cycle turn.
Square of 9
24,722.75 → Resistance Angles:
0° (24,750), 90° (24,850), 180° (25,000).
Support: 45° (24,500), 315° (24,250).
Angle Theory
4H Chart: 1x1 Gann Angle (45°) from 24,200 low at 24,500. Price overextended.
Daily Chart: 2x1 Angle (63.75°) at 24,722.75 acting as resistance.
Squaring of Price & Time
Price Range: 24,200 → 24,722.75 (522.75 points).
Time Squaring: 522.75 hours from 24,200 low → 24,750 resistance.
Ranges in Harmony
Primary Range: 24,000–25,000 (1,000 points).
50% Retracement: 24,500 (critical support).
61.8% Retracement: 24,380.
Secondary Range: 24,500–24,750 (250 points).
Price & Time Forecasting
Intraday Targets:
Short-Term: 24,500 (61.8% Fib).
Extension: 24,380 (Gann 45° angle).
Swing Targets:
Weekly: 24,300 (Wave (iv) target).
Monthly: 23,800 (38.2% retracement of entire bull run).
6. Ichimoku Kinko Hyo
Intraday (4H)
Cloud (Kumo): Price below Kumo (bearish).
Tenkan-sen: 24,700 (flat, resistance).
Kijun-sen: 24,650 (support).
Chikou Span: Below price (confirms bearish momentum).
Swing (Daily)
Cloud: Thick cloud resistance at 24,750–24,800.
Tenkan/Kijun: Bearish crossover at 24,700.
7. Indicators
Intraday
RSI (14): 68 (4H) → Overbought; divergence at highs.
Bollinger Bands: Price tagging upper band (24,750); contraction signals volatility.
VWAP: 24,680 (acting as dynamic resistance).
Moving Averages:
50 SMA: 24,600 (support).
200 EMA: 24,400 (major support).
Swing
Daily RSI: 72 (overbought, divergence).
Weekly BB: Upper band at 24,800 (resistance).
Monthly VWAP: 23,500 (major support).
200 WMA: 22,800 (long-term bull support).
Synthesized Forecast
Intraday (Next 24H)
Bearish Scenario (High Probability):
Trigger: Break below 24,700 (1H close).
Targets: 24,500 (T1), 24,380 (T2).
Timeline: 8–12 hours (UTC+4 22:00–02:00).
Bullish Scenario (Low Probability):
Trigger: Sustained close above 24,750.
Target: 24,850 (Gann 90° angle).
Swing (1–4 Weeks)
Bearish Scenario:
Targets: 24,300 (Wave (iv)), 23,800 (38.2% retracement).
Timeline: 5–10 trading days.
Bullish Scenario:
Trigger: Close above 24,800.
Target: 25,200 (Gann 180° angle).
For those interested in further developing their trading skills based on these types of analyses, consider exploring the mentoring program offered by Shunya Trade.(world wide web shunya trade)
I welcome your feedback on this analysis, as it will inform and enhance my future work.
Regards,
Shunya.Trade
world wide web shunya trade
⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
Nifty Analysis EOD – August 4, 2025 – Monday🟢 Nifty Analysis EOD – August 4, 2025 – Monday 🔴
A Monday full of mind games.
Nifty opened with a slight positive gap and immediately tested the TC of CPR, but that optimism didn’t last long — sharp rejection took it to day’s low (24,554). What followed was a rollercoaster: a 100-point recovery, a 50-point pullback — all within 10 minutes. This wild price action defined the rest of the day.
Throughout the session, Nifty remained trapped within the CPR zone. Both sides experienced multiple fakeouts, especially around initial balance (IB) zones. Even when prices nudged toward R1, repeated failed attempts to break above reflected the market’s indecisiveness. The day finally closed near the high, but conviction was still lacking.
Many option buyers likely struggled due to deceptive shadows and unexpected fractal breakouts. The entire price action stayed within Friday’s range — forming an Inside Bar structure on the daily chart. This suggests a potential range breakout trade tomorrow.
The market faced resistance near the Fibonacci 0.618–0.786 retracement of the prior fall — aligning with 24,740–24,780 zones. A close above 24,780 tomorrow could shift momentum back in the bulls’ favour. If not, bears still hold the upper ground.
📈 5 Min Time Frame Chart with Intraday Levels
📉 Daily Time Frame Chart with Intraday Levels
📊 Daily Candle Breakdown
Open: 24,596.05
High: 24,736.25
Low: 24,554.00
Close: 24,722.75
Change: +157.40 (+0.64%)
Candle Type:
🟢 Bullish Marubozu-like — reflects a strong control by buyers after early weakness.
Structure Breakdown:
Real Body: 126.70 pts (Bullish)
Upper Wick: 13.50 pts (Minor resistance near close)
Lower Wick: 42.05 pts (Early dip got bought aggressively)
Key Insight:
Closed near the high of the day — positive bias for tomorrow
Inside Bar formed – Expect a breakout trade
24,780+ closing will turn sentiment bullish
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update
ATR: 209.36
IB Range: 115.95 → Medium
Market Structure: Balanced
Trade Summary:
🕚 11:30 AM – Long Entry → SL Hit
🕛 12:30 PM – Long Entry → SL Hit
🕐 13:10 PM – Short Entry → SL Hit
Tough day — strategy got chopped in noise-heavy moves.
🔍 Support & Resistance Levels
Resistance Zones:
24,725 ~ 24,735
24,780 ~ 24,795
24,860 ~ 24,880
Support Zones:
24,675 ~ 24,660
24,620
24,542 ~ 24,535
24,500
24,470 ~ 24,460
💭 Final Thoughts
"Markets love to test your patience before they reward your conviction."
Today was a lesson in restraint — avoid overtrading when structure lacks clarity. Inside bar gives us a clean slate for tomorrow. Let price lead.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.
Good comeback candle by Nifty today. Nifty fought back against the Tariff odds today and gained 157.4 points. The combination of Friday's candle and today's candle are forming a Bullish Harami kind of pattern. Harami in Japanese means pregnant woman. Usually this is a Bullish pattern but it requires a follow up positive candle in its support. So if we get a positive candle tomorrow then we can consider Friday's low as a good temporary support.
Supports for Nifty currently remain at: 24482 (Important Trend line resistance), 24317, 24186 (Father line support on daily chart), The zone between 23932 (final support, below this level Bears can take total control of the index).
Resistances for Nifty currently remain at: 24802, 24906 (Mother line resistance on daily chart), 25007, 25249-25346 (Important trend line resistance zone, a closing above 25346 will give control of the index to Bulls).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NIFTY 50 – 1D TF: Expanding Triangle DynamicsInside the triangle we saw a triangle again
Pattern: Classic Broadening wedge —higher highs & lower lows = volatility + indecision
Microstructure: Within the Triangle, a smaller broadening wedge formed, signaling coiling price before potential range expansion.
Sideways & expanding = distribution or re-accumulation phase. (For 1D TF Macro Triangle outlook scroll ↧)
Markers:
🥵Resistance
🥶Pivot
🤢Support
💪🏼⚠️Key levels
💥 Order block from Supply Line breakdown
🪂 Our main Man
❓U-🔻Turn Fake Out, lets see how it goes!
🚀 Let me know your views
Technical Insight
Broadening wedge 📐:
Often signals high emotional volatility— smart money accumulates in the chaos while retail gets whipsawed. Market is struggling to agree on fair value — hence breakout/breakdown traps are common.
Progressively a rejection from the supply💥 line zone could result in a lower high, leading to sharp retracement toward 24,000 or lower → our main man 🪂
Liquidity Grab Setup:
If NIFTY dips near 🪂 23,844 and forms a V-reversal, it could be a liquidity spring towards 25,350 🚀
🚫 Critical Checks to Avoid False Breakouts
Watch out 🪂💥❓
Liquidity Trap: Ignore breakouts with volume < 1.5x avg.
Expiry Week: Reduce position size (PCR/OI noise increases).
VIX Filter: No shorts if VIX < 15 (low volatility traps).
📊 Fundamental Alignment
Macro Tailwinds:
Q2 GDP prints strong: India remains among the fastest-growing economies.
FIIs have returned in phases post-June; DII participation remains robust.
Inflation cooling (CPI near 5%) + expectation of status quo on rates by RBI = positive for equities.
💹Risk Catalysts
Global volatility from US yields, Fed guidance, and oil prices could influence near-term moves.
Upcoming domestic events (elections, fiscal data, monsoon trend) may impact sentiment around key supply zones.
🛠️ Strategic Outlook
Validated (Bullish Continuation)
Setup: Bounce off 24,178 → breakout above 25,118 → reclaim 25,565
Bias: Bullish breakout
Trigger: Daily close above 25,565 with volume
Invalidated (Fakeout then Breakdown)
Setup: Pop above 25,118 → rejection from OB → lower high → flush toward 23,844 and Lower
Bias: Bearish
Trigger: Bearish engulfing near 25,350
Always DYOR,
See you on the other side
💡 Reflective Close:
In expanding structures, the real edge isn’t prediction — it’s patience.
Are you managing risk through structure or emotion through bias?
Nifty levels - Aug 05, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Nifty Bearish Setup: Watching 50–61.8% Fib Zone for Short EntryThis is more of an observation-based post rather than a trade setup.
It appears that Nifty, in its current bearish trend, is consistently respecting the 50–61.8% Fibonacci retracement zone before continuing downward. We’ve seen multiple pullbacks stall and reverse from this zone — making it a key area to watch.
🔸 If you're looking to short, avoid entering too early.
🔸 Let price pull back into the 50–61.8% zone, wait for structure or weakness to develop (e.g., reversal candles, BOS on lower timeframe), and then consider action.
🔸 Trying to catch tops or jumping in too soon can lead to poor entries and stop hunts.
This zone seems to be where sellers are stepping in with conviction.
Staying patient and respecting the structure can offer better entries and risk management.
⚠️ Disclaimer:
This is for educational and observational purposes only. I am not SEBI registered. Always do your own analysis before taking any trades.
Nifty intraday update1Nifty is negatively diverged and volume not in sync with move.will look for short opportunities between 660 - 690
NIFTY KEY LEVELS FOR 04.08.2025NIFTY KEY LEVELS FOR 04.08.2025
If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend.
If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways
📢 Disclaimer
I am not a SEBI-registered financial adviser.
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments.
Please consult with your SEBI-registered financial advisor before making any trading or investment decisions.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
#Nifty directions and levels for August 4th:Good morning, friends! 🌞
Here are the market directions and levels for August 4th:
The global market (based on the Dow Jones) has shown a moderately bearish sentiment,
while the local market continues to display a bearish tone. However, today, Gift Nifty indicates a positive opening.
What can we expect today?
In the previous session, both Nifty and Bank Nifty closed with a negative bias.
However, today’s market is indicating a gap-up start of around 80 points. Structurally, if this gap-up doesn't sustain,
we can expect the correction to continue, possibly with some consolidation.
On the other hand, if the gap-up sustains and breaks the 38% Fibonacci level with a solid candle or after some consolidation,
we can expect a pullback of at least 50% to 78% in the minor swing.
In this case, even if the market takes a pullback but fails to break the 38% Fibonacci level,
another round of correction may follow.
Nifty Extends Losing Streak: Is a Dead Cat Bounce Coming?The Nifty 50 dropped for the fifth week in a row, losing around 1.5%. Sectors like banks, IT, and consumer stocks are under pressure, and there are no big positive news to lift the market right now.
◉ Why is the Market Falling?
● Poor Q1 Results
Many big companies, especially in banking and IT, reported weaker-than-expected earnings. This disappointed investors and led to selling.
● U.S.–India Trade Trouble
The U.S. has added a 25% tax on Indian exports starting August 1. The two countries couldn’t agree on some trade issues, especially related to agriculture and dairy. This is bad news for export-focused companies.
● Weak Rupee
The rupee is near record lows against the U.S. dollar. This is because foreign investors are pulling money out of India. A weak rupee hurts sectors like IT and pharma, which earn in dollars.
◉ What the Charts Say?
The market has had a tough 5 weeks, but now it’s near a strong support level. This means a short-term bounce (dead cat bounce) is possible — a small recovery before another fall.
● Support at 24,500
There’s a large number of put option writers at this level. This means many traders are confident that Nifty won’t fall below 24,500 — so they’re willing to take that risk. This builds a strong support zone.
● Resistance at 24,700–24,800
There’s heavy call writing in this range. That means traders are betting Nifty won’t go above these levels. As a result, this area acts like a short-term ceiling or resistance.
Expect the Nifty to stay between these levels coming week unless some major news changes the game.
◉ Suggested Strategy
● For Traders: Stay cautious. Avoid aggressive long positions unless Nifty reclaims 25,000 decisively. Look for shorting opportunities near resistance zones with strict stop losses.
● For Investors: Stick to quality. Defensive pockets like FMCG, utilities, and select pharma may offer stability amid broader volatility.
