IGI Logo

Published on 03-08-2026 11:12 am

BUY BANK NIFTY 57900 CALL AUG ABOVE 815.75 SL BELOW 720 TGT 845-895-955. 25 AUG

Plz refer disclaimer at www.moneysukh.comSEBI Registration number is INZ000164537

Published on 03-08-2026 10:55 am

Market Outlook

The Indian market witnessed robust recovery during the last week, with the benchmark Nifty50 index extending its rally across all five trading sessions and settled the week with gains of 2.59%. However, the banking index continued to lag the broader market, registered the gain of only one percent. On the derivative front, fresh put writing at lower strikes indicates sustained buying interest and reinforces the continuation of the prevailing uptrend. However, significant call OI at the 24,500 and 24,600 strike levels suggests immediate resistance, which could limit further upside in the near term. Overall, the market bias remains sideways to positive in the coming sessions.

Click Here :- https://tinyurl.com/4tvmatjb

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 03-08-2026 10:54 am

BANK NIFTY

* The banking index witnessed another range-bound session, despite briefly reclaiming the 20-DEMA before failing to sustain above it.

* The index opened with a positive gap but traded within a narrow range, reflecting indecisive momentum.

* Market breadth remained mixed, with AU Bank and Federal Bank showing relative strength, while HDFC Bank and ICICI Bank faced selling pressure.

* Immediate resistance is placed near 57,800, while 56,500 is working as a crucial support zone.

Click Here :- https://tinyurl.com/2mmn2fc4

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 03-08-2026 10:53 am

Nifty

* Nifty extended its winning streak on Friday, supported by encouraging quarterly business updates.

* Technically, the Nifty has further strengthened its bullish structure by surpassing the crucial hurdle of the 200-day EMA around the 24,370 mark.

* The index now appears well-positioned to inch towards the 24,600 level, which coincides with the previous swing high, and a decisive breakout above this zone could open the door for a move towards the 24,800-25,000 mark.

* As long as the index holds above this level, the "buy-on-dips" strategy is likely to remain favourable.

* We reiterate our preference for relatively stronger stocks in auto and pharma, while selectively identifying opportunities across other sectors.

Click Here :- https://tinyurl.com/2mmn2fc4

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330

Published on 03-08-2026 10:50 am

Nifty

Nifty concluded the week on a strong note, sustaining above its 5 DEMA and 5 WEMA, reflecting improving near-term strength. The index is now approaching the crucial 24420 breakout zone, while the 23800–24000 region has emerged as a strong near-term base and 24400 remains the key resistance. Momentum indicators have turned constructive, with both daily and weekly RSI holding above 50, while the ADX is rebounding from an extreme low, indicating the potential for a fresh directional momentum phase. A sustained move above 24250 would reinforce the recovery and increase the probability of a decisive breakout above 24420, potentially opening the way towards 25000. On the downside, a slippage below 24100 could expose Nifty to the 23700 trendline support, which now serves as the key near-term stop-loss zone. Traders should continue focusing on stockspecific opportunities and consider fresh longs on a sustained move above 24250–24420. Investors may continue staggered accumulation of fundamentally strong stocks, while deploying fresh capital more aggressively following a confirmed breakout above 24420.

Click Here :- https://tinyurl.com/4baec65u

Please refer disclaimer at https://www.tradebulls.in/disclaimerSEBI Registration number is INZ000171838