Daily Technical Report 07th Aug 2025 by Axis Securities Ltd
Nifty ended the prior session at 24,574, declining by 75 points. On the daily chart, it formed a bearish candle with a lower high-low structure and closed below the previous session’s low, signalling mounting downside pressure.
Meanwhile, the Bank Nifty settled at 55,411, up 51 points. The index printed a small bullish candle with shadows on both ends, reflecting high intraday volatility and market indecision over near-term direction.
Our trend score analysis of the Nifty and Bank Nifty suggests a bearish outlook for both benchmarks.
Please refer to the attached report for market highlights, pivot levels, key metrics, and a list of top movers.
NIFTY
Daily Pivots
BANK NIFTY
Daily Pivots
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