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Published on 12-08-2026 03:02 pm

Jainam Broking Limited
PICK OF THE WEEK BUY recommendation
INDEX FNO BANKNIFTY 25-Aug-2026
* Entry 58035
* Target 58735
* SL 57685

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Published on 12-08-2026 12:10 pm

1-2 Days Derivatives Call Close positions in BANKNIFTY 25AUG Future at 57725

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Published on 12-08-2026 10:35 am

Market Outlook

Yesterday, the Indian market traded under pressure, encompassing its cautious tone amid renewed geopolitical concerns and rising crude oil prices. The key benchmark Nifty50 opened on the flat note but slipped below the 24,500 zone in the initial hours and remained under selling pressure throughout the session. The index settled the day with a decline of nearly half a percent at 24,471. On the derivative front, the next weekly expiry OI data indicated fresh call writing at the 24,600 and 24,700 strikes, suggesting an immediate overhead resistance zone. Meanwhile, significant Put OI at the 24,200 and 24,000 strikes indicated an immediate downside cushion.

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Published on 12-08-2026 10:34 am

Intraday Rational :

• Trend - Prolongation of consolidation in vicinity of 57500, indicating positive bias

• Levels : Sell around Tuesday high.

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Published on 12-08-2026 10:34 am

Te chnical Outlook :

• Index started the day on a flat note and witnessed profit booking on the breach of previous session low. As a result, the daily price action has resulted into bearish candle carrying lower high-low structure indicating extension of breather.

• Index breached its last weeks low around 57350 and formed lower high lower low on daily charts , however it found supportive effort emerging from 50% retracement of recent rally (56024-58248) around 57100 coinciding with 50-day EMA. Going ahead we expect, index to sustain above the three months rising trend line that coincided with 100 days EMA placed at 56800 that would set the stage for next leg of up move. We expect, index to gradually resolve out of one month consolidation range where upper band is placed at 58500 in the coming week.

• Another observation is that over last 6 weeks Index has retraced by 38.2% of earlier 3 weeks rally, indicating slower pace of retracement which would help to set stage for next leg of rally.

• The PSU Bank Index has formed a doji like candle with lower high lower low indicating extended breather. Current breather should be used as incremental buying opportunity as index continued to sustain well above its 200 days EMA. Going ahead, follow through strength above last week week(8870) high would open the door for next lge of up move towards 9100 levels

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