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Vimal K

4th Aug · SEBI-Registered Analyst

Nifty Outlook for 05-Aug-2026

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 - 24695 Resistance 2 - 24740 Support 1 - 24550 Support 2 - 24510 Happy Learning, Happy Trading and have a wonderful day 😊 Top Gainers :

APOLLOHOSP
HINDALCO
TRENT
Top Losers :
GRASIM
HDFCLIFE
BAJAJ-AUTO

#TechnicalViews#WatchOutFor#Pre-OpeningCommentary#MacroViews#IndexStrategies
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