Nifty Outlook for 05-Aug-2025
Good Morning,
The overall trend of Nifty looks to be in a range, and thus the markets might move either side.
Buy on dips and sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty.
We may expect a change in trend only if the price sustains below the support level or above the resistance level.
I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets.
Nifty Spot
Resistance 1 - 24845
Resistance 2 - 24875
Support 1 - 24605
Support 2 - 24575
Happy Learning, Happy Trading and have a wonderful day 😊
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