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Pradeep Carpenter

7th Aug 2025 · SEBI-Registered Analyst

🔹 Market Wrap – 7 Aug 2025

Markets closed flat with a positive bias after a volatile day. Nifty +21 pts at 24,596 | BankNifty +108 pts at 55,521 Early weakness came from U.S. tariff noise, but strong buying from key support zones pushed indices higher. DII inflow of ₹10,864 Cr helped absorb FII selling of ₹4,997 Cr. 🔸 Nifty Outlook Took support near 24,344 (April resistance), formed bullish candle If 24,650 breaks, upside open till 24,750 Support at 24,500 > 24,450 > 24,350 🔸 BankNifty Outlook Rebounded from 55,000, closed above yesterday Resistance at 55,700 > 55,900 Support at 55,300 > 55,000 🔸 Derivatives Check Max Pain: Nifty 24,600 | BankNifty 56,000 PCR: Nifty 1.31 (bullish), BankNifty 0.79 (neutral) IV: 11.69 – low vol, short covering evident 🔸 Top Gainers:

HEROMOTOCO
,
TECHM
,
JSWSTEEL
🔸 Top Losers:
ADANIENT
,
ADANIPORTS
,
TRENT
🔸 Sectors: Auto & Metals led gains; Adani stocks dragged; Retail weak; IT showed select buying. Indices are below 100-SMA but holding above 200-SMA. As long as supports hold, bulls may retain control with key resistances ahead. #Nifty #BankNifty #FII #DII #MaxPain #PCR #HeroMotoCorp #OptionsData #StockMarket #MarketWrap #Trading

#StockInNews#Today’sTradingSetup#IndexStrategies#TechnicalViews#Post-ClosingCommentary
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