Morning Market Outlook | 6 August 2026

Indian markets continue to trade with a bullish bias, supported by a pattern of higher highs and higher lows on the daily charts. Healthy sector rotation and sustained buying interest suggest the broader trend remains positive. Traders may continue to adopt a buy-on-dips strategy while key support levels hold. Nifty has immediate support at 24,250–24,320, which is expected to act as a strong demand zone during the session. On the upside, 24,600–24,700 remains the key resistance area. A decisive breakout above this zone could extend the ongoing rally. Bank Nifty also remains strong after consecutive closes above the crucial 57,500 mark. Immediate support is placed at 57,100–57,250, while resistance is seen at 58,200–58,250, followed by 58,500. Stocks to Watch

: The stock has witnessed a trendline breakout and is trading around ₹1,192, indicating improving momentum. Resistance is placed at ₹1,235, while ₹1,170 remains the key support. : The stock continues to trade in a positive trend around ₹3,224. Immediate resistance is seen at ₹3,450, while ₹3,050 is expected to provide strong support. : Supported by strength in the metal space, the stock is trading near ₹533. Resistance is placed at ₹560, whereas ₹515 remains an important support level. Strategy for the Day: The overall trend remains bullish. Buy on dips with disciplined risk management and focus on stocks showing strong relative strength.