📈 Market Wrap and Outlook– 4th August 2025

Nifty surged 157 pts to 24,722.75, while Bank Nifty closed flat at 55,619.35. The rally came after Nifty took firm support near 24,600 — close to CPR base (based on 1st Aug data). After reclaiming the 24,628 pivot mid-day, the index stayed strong and closed above the CPR top, signaling bullish strength. Bank Nifty, however, remained rangebound. Despite attempts, it couldn't sustain above its pivot near 55,670, reflecting hesitation ahead of the RBI policy. Strong put writing at 24,700 pushed Nifty’s PCR to 1.21, indicating solid bullish positioning. IVs stayed calm, confirming healthy sentiment. In Bank Nifty, PCR near 1.09 and tight OI near 56,000–56,500 suggested consolidation. Technically, Nifty's bounce from 24,600 aligned with CPR support and 38.2% Fib retracement. A breakout above 24,780–24,800 could open 24,880–25,000. Support now shifts to 24,540–24,660. Bank Nifty needs to break above 55,960 for momentum; else, a dip toward 55,300 remains possible. Top gainers:

, , Top losers: , , Macro backdrop stayed positive with strong GST data, easing crude (~$82), and a stable dollar index (~102.5). Sectors like Auto and Metal outperformed while banking stayed muted. Outlook: Bulls hold the edge in Nifty, but Bank Nifty needs confirmation. Watch for breakout levels in both for next directional cues.