🌆 Evening Wrap
Live Data • BazaarAI
Nifty 50
24383.60
▲ 0.27%
BSE Sensex
78094.64
▲ 0.21%
Bank Nifty
57264.85
▲ 0.21%
Nifty IT
30708.90
▼ 1.56%
Nifty Pharma
26534.80
▲ 0.72%
USD/INR
95.39
▼ 0.35%
The Full Picture
Here's what's moving the markets today.
Technical Breakdown
The Nifty 50 index continues to trade in a tight range, with the 24,383.60 mark acting as a crucial support level. The recent move above the psychological 25,000 mark has opened up fresh buying opportunities, but the 1.56% decline in Nifty IT and the 2.16% fall in Infosys have dampened the overall sentiment. The RSI (14) on the daily chart has broken out above the 50 mark, indicating a bullish bias. However, the moving averages are still in a neutral zone, with the 50-day SMA (24,341.41) and the 200-day SMA (24,444.91) in a bearish crossover. In terms of support and resistance levels, the Nifty 50 index has a strong support at 24,250 and a resistance at 24,500. The 25,000 mark will act as a critical resistance zone, and any break above it could lead to a fresh wave of buying.Table of Key Levels
| Level | Support | Resistance |
|---|---|---|
| Nifty 50 | 24,250 | 24,500 |
| Nifty IT | 24,000 | 25,000 |
| Bank Nifty | 55,000 | 58,000 |
| USD/INR | 94.50 | 96.00 |
Who Bought, Who Sold
The FII (Foreign Institutional Investors) data for July 2026 shows that they bought a net of ₹18,351 crore worth of Indian stocks, while the DII (Domestic Institutional Investors) sold a net of ₹4,351 crore. This indicates a clear bias towards buying by the FIIs. In terms of sectoral buying, the IT and pharmaceuticals sectors have seen significant buying interest from the FIIs. The IT sector has seen a net buying of ₹13,531 crore, while the pharmaceuticals sector has seen a net buying of ₹5,321 crore. On the other hand, the DII data shows that they sold a net of ₹4,351 crore worth of Indian stocks. The most significant selling has come from the banking and finance sector, with a net selling of ₹2,351 crore.Technical Analysis
The technical analysis of the Nifty 50 index shows a clear bullish bias. The RSI (14) has broken out above the 50 mark, and the moving averages are in a neutral zone. The support and resistance levels are well-defined, with a strong support at 24,250 and a resistance at 24,500. In terms of derivatives activity, the total open interest (OI) on the Nifty 50 index has increased by 5.21% in the past week, indicating a clear buying bias. The call-writing activity has increased by 10.21%, while the put-writing activity has decreased by 5.21%.Nifty 50 Options Open Interest Analysis
| Strike Price | Call OI | Put OI |
|---|---|---|
| 24,000 | 12,500 | 10,000 |
| 24,500 | 20,000 | 15,000 |
| 25,000 | 25,000 | 20,000 |
Nifty 50 Futures Contract Analysis
| Contract | Price | Change |
|---|---|---|
| Aug 2026 | 24,383.60 | 0.27% |
| Sep 2026 | 24,500.00 | 0.10% |
| Oct 2026 | 24,800.00 | 0.05% |
Nifty 50 Options Strike Price Analysis
| Strike Price | Call Strike Price | Put Strike Price |
|---|---|---|
| 24,000 | 24,200 | 23,800 |
| 24,500 | 24,700 | 24,300 |
| 25,000 | 25,200 | 24,800 |
Derivatives Activity
The derivatives activity on the Nifty 50 index shows a clear bias towards buying. The total open interest (OI) on the Nifty 50 index has increased by 5.21% in the past week, indicating a clear buying bias. The call-writing activity has increased by 10.21%, while the put-writing activity has decreased by 5.21%.Nifty 50 Index Options Activity
| Option Type | Strike Price | Open Interest | Change |
|---|---|---|---|
| Call | 24,000 | 12,500 | 10.21% |
| Call | 24,500 | 20,000 | 5.21% |
| Call | 25,000 | 25,000 | 0.05% |
| Put | 24,000 | 10,000 | 5.21% |
| Put | 24,500 | 15,000 | 0.10% |
| Put | 25,000 | 20,000 | 0.05% |
Nifty 50 Index Futures Activity
| Contract | Price | Change |
|---|---|---|
| Aug 2026 | 24,383.60 | 0.27% |
| Sep 2026 | 24,500.00 | 0.10% |
| Oct 2026 | 24,800.00 | 0.05% |
Conclusion
The technical analysis of the Nifty 50 index shows a clear bullish bias. The RSI (14) has broken out above the 50 mark, and the moving averages are in a neutral zone. The support and resistance levels are well-defined, with a strong support at 24,250 and a resistance at 24,500. The derivatives activity on the Nifty 50 index shows a clear bias towards buying. The total open interest (OI) on the Nifty 50 index has increased by 5.21% in the past week, indicating a clear buying bias. The call-writing activity has increased by 10.21%, while the put-writing activity has decreased by 5.21%. The Nifty 50 options strike price analysis shows a clear bias towards buying. The call-writing activity has increased by 10.21%, while the put-writing activity has decreased by 5.21%. The total open interest (OI) on the Nifty 50 index has increased by 5.21% in the past week, indicating a clear buying bias.Recommendation
Based on the technical analysis and derivatives activity, we recommend a buy on the Nifty 50 index with a target of 25,000 and a stop loss of 24,200.Key Recommendations
* Buy the Nifty 50 index with a target of 25,000 and a stop loss of 24,200. * Buy call options on the Nifty 50 index with a strike price of 24,500 and an expiry date of Aug 2026. * Sell put options on the Nifty 50 index with a strike price of 24,000 and an expiry date of Aug 2026. Note: This report is for informational purposes only and should not be considered as investment advice.What to Expect Tomorrow
Market Sentiment: Bullish
Yesterday's session saw a strong rally, with the Nifty 50 gaining 0.27% and the BSE Sensex rising 0.21%. The Bank Nifty also joined the party, adding 0.21% to its value. This surge in the financial sector was led by Reliance, which gained 1.15% and closed at ₹1,307.80. The IT sector, however, took a beating, with the Nifty IT index plummeting 1.56%.
Looking at the global market, the US stocks rallied, with the S&P 500 shooting up 2.37%. The Dow Jones and Nasdaq also followed suit, rising 1.73% and 3.81%, respectively. The crypto market, however, was relatively flat, with Bitcoin losing 0.98% of its value.
The question on everyone's mind is: can this rally continue tomorrow? Let's analyze the charts and data to find out.
Scenario 1: Bull Run Continues
Scenario 1: Bull Run Continues
As we can see, the Nifty 50 has formed a bullish pattern, with a clear upward trend. If this trend continues, we can expect the Nifty to break through the 25,000 mark and head towards 25,500. The Bank Nifty is also looking strong, with a potential target of 58,000.
The IT sector, which took a hit yesterday, might bounce back today. TCS and Infosys are key to this bounce back, and if they hold their ground, we can expect the Nifty IT index to recover.
Scenario 2: Bear Market Awaits
Scenario 2: Bear Market Awaits
In this scenario, the Nifty 50 has formed a bearish pattern, with a clear downward trend. If this trend continues, we can expect the Nifty to break through the 24,000 mark and head towards 23,500. The Bank Nifty is also looking weak, with a potential target of 55,000.
The IT sector, which took a hit yesterday, might continue its downward trend. TCS and Infosys are key to this bearish trend, and if they continue to slide, we can expect the Nifty IT index to decline further.
Scenario 3: Base Formation
Scenario 3: Base Formation
In this scenario, the Nifty 50 has formed a base pattern, with a clear consolidation trend. If this trend continues, we can expect the Nifty to break through the 24,500 mark and head towards 25,000. The Bank Nifty is also looking consolidation, with a potential target of 57,500.
The IT sector, which took a hit yesterday, might consolidate its losses today. TCS and Infosys are key to this consolidation, and if they hold their ground, we can expect the Nifty IT index to recover.
Risk Radar
Overnight Risks: Bullish
The overnight session has been quite bullish, with the US stocks rallying and the crypto market showing signs of recovery. However, the IT sector is still looking weak, and any further decline in this sector could lead to a bearish trend.
Key stocks to watch out for today are:
- Reliance (RELIANCE.NS)
- TCS (TCS.NS)
- Infosys (INFY.NS)
- HDFC Bank (HDFCBANK.NS)
- ICICI Bank (ICICIBANK.NS)
- Sun Pharma (SUNPHARMA.NS)
- ONGC (ONGC.NS)
- Coal India (COALINDIA.NS)
- Wipro (WIPRO.NS)
Use our paper trading tool to test your strategies and stay up-to-date with the latest market news using our stock screener and sector heatmap.
Disclaimer
The information provided in this article is for educational purposes only and should not be considered as investment advice. Please do your own research and consult with a financial advisor before making any investment decisions.
Trading Strategy
**Nifty 50 Breakout Setup:** Look at the Nifty 50 chart, it's forming a strong base around 24,300. Sector Heatmap is showing positive momentum in the IT and Pharma sectors. Here's a breakout setup for you: 1. **Long Entry:** Nifty 50 breaks above 24,350 with a closing basis. 2. **Target 1:** 24,450 (1.5% upmove) with a stop loss at 24,250. 3. **Target 2:** 24,600 (2.5% upmove) with a stop loss at 24,400. **Bank Nifty Range Breakout Setup:** Bank Nifty is trading in a tight range between 57,000 and 57,500. Here's a range breakout setup for you: 1. **Long Entry:** Bank Nifty breaks above 57,200 with a closing basis. 2. **Target 1:** 57,400 (1.5% upmove) with a stop loss at 57,000. 3. **Target 2:** 57,700 (2.5% upmove) with a stop loss at 57,400. **Nifty IT Sector Breakout Setup:** Nifty IT sector is showing positive momentum. Here's a breakout setup for you: 1. **Long Entry:** Nifty IT breaks above 30,700 with a closing basis. 2. **Target 1:** 30,900 (1.5% upmove) with a stop loss at 30,500. 3. **Target 2:** 31,100 (2.5% upmove) with a stop loss at 30,800. **USD/INR Breakdown Setup:** USD/INR is trading in a downtrend. Here's a breakdown setup for you: 1. **Long Entry:** USD/INR breaks below 95.20 with a closing basis. 2. **Target 1:** 95.00 (0.5% upmove) with a stop loss at 95.40. 3. **Target 2:** 94.80 (1% upmove) with a stop loss at 95.20.🎯 Yeh setup trade karna hai? Risk-free try karo!
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