📌 NIFTY 50 | Short-Term View: 1 Aug & Week Ahead
🎯 Accuracy Check:
Our marked zones have captured 3/3 recent turning points — clean respect on both support and resistance.
🔄 Based on Price Action + OI + Fundamentals
📍 Current Spot: 24,768
🧭 Technical Snapshot
✅ Support (24,600–24,650): Held perfectly — buyers stepped in as anticipated.
❌ Resistance (24,800–24,850): Rejection seen again — zone remains intact.
📉 RSI near 44: Indicates cooling momentum and indecision.
📊 Open Interest (OI) Trends
🔺 Highest Calls: 24,800 & 25,000
🔻 Strong Puts: 24,600 & 24,500
📈 PCR at 1.18: Slight bullish bias, but not aggressive.
🌐 Fundamental + Global Cues
🇮🇳 Q1 Earnings: Mixed bag; key players like ICICI, Reliance, and L&T stabilized sentiment.
💸 FIIs net sellers (~₹9,000 Cr in July); DIIs absorbing pressure.
🛠️ Domestic macros solid — infra & capex-led tailwinds in play.
⚠️ Trump’s Tariff Talk: His 25% tariff threat on India (if re-elected) has spooked export-linked sectors. While immediate impact is limited, traders are cautious.
🔮 Our View
🕛 Tomorrow (1 Aug):
Expect range-bound trade between 24,650–24,850.
Watch for sharp moves only if levels break with volume.
📆 Next 5 Sessions (Short-Term Strategy)
🟢 Bullish above 24,900 → Target: 25,150–25,250
🔴 Bearish below 24,600 → Target: 24,400–24,300
💡 Trade Setup Tips
Wait for clean breakout with volume.
Avoid midcaps unless earnings-backed.
Watch global headlines (US election noise can fuel volatility).
📌 Our levels. Your edge. Stay disciplined
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