🔥 NIFTY 50 – Short-Term Technical & Fundamental View 📍 Current Level: 24,572.15 (as on 1st Aug 2025)
📍 Current Level: 24,572.15 (as on 1st Aug 2025)
🎯 Once again, our support level of 24,600–24,500 worked perfectly!
Nifty bounced right from our marked zone — highlighting our precision and analysis-driven approach. 📈✅
🔍 Technical View (Bearish to Neutral Bias)
✅ Support Zone Respected:
Nifty took strong support at 24,600–24,500, just as we highlighted yesterday — accuracy proven again.
👉 Next support: 24,200
🚫 Resistance Zones Ahead:
Heavy call OI and price rejection at 24,750–24,800
⚠️ A close above 24,850 is needed to flip sentiment bullish again.
📉 Indicators:
RSI at 33 – still weak, nearing oversold but no reversal signal yet.
Short-term trend: Still downward; lower highs since 25,250.
Price trading below 8 & 21 EMA, showing selling pressure persists
📊 Derivative Data Highlights (Aug 1st, Expiry: 07 Aug)
PCR = 0.6 → Bearish sentiment in near term.
Call OI Build-up: Huge at 24,700–25,000.
Put OI support seen at 24,500, matching our support zone.
Shorts are active above 24,600 levels – cautious upside.
🌐 Key Fundamental Factors
🧾 Tariff Tension:
Global jitters over Trump’s proposed 25% tariff on Indian exports weighing on sentiment.
💡 Q1 Earnings:
Mixed bag so far. HUL & other FMCGs surprised, but weakness seen in midcaps & auto. Banks to drive next leg.
🌍 Global Markets:
US Tech stocks under pressure; crude rising; VIX slightly elevated.
🔁 FII/DII Action:
FIIs turning net sellers. DIIs supporting dips — watch flows closely.
🧠 Our View: Stay Cautious but Prepared
As long as 24,500 holds, expect a choppy recovery toward 24,750–24,800.
A close below 24,500 can trigger a slide to 24,200.
📌 Avoid aggressive longs unless we reclaim 24,850+.
🧠 Accuracy Update:
📍 Support levels given by us yesterday worked like clockwork!
📊 Nifty rebounded 70+ points from our marked level – reinforcing our precision and consistency.
🚀 Trust the levels. Trade with logic. Stay ahead with us
Bullish stocks:
