Quote on Nifty & Bank Nifty Outlook for Next Week by Bharat K Gala, President & Technical Head, Ventura
Below the Quote on Nifty & Bank Nifty Outlook for Next Week by Bharat K Gala, President & Technical Head, Ventura
01 AUG 2025 NIFTY SPOT 24,565.35
Nifty was expected to move further down & the near supports existed at (24595-24375) area.
Today Nifty spot made low of 24535.05.
Buying can be expected at before 24375 levels.
If Nifty can’t find support at 24375 we opens for 24165 level. Nifty has high chance to attract buying at this levels.
In case Nifty cannot find support at 24165 then we open for 23705-(23240-22980) levels where heavy buying can be expected.
If we are in strong uptrend then there is high probability for Nifty to bounce back from apprx 24000 levels.
As of now (24800-24965)-25100-(25226-25300) will act as sell areas.
Traders should watch 24375 levels for a Probable bounce back, which if breached should wait for (24165-22980) levels.
01 AUG 2025 BANK NIFTY SPOT 55617.60
The support area of Bank Nifty is T (56045-55555)-(55090-54790).
Today Bank Nifty made a low of 55562.10.
If Bank nifty breaches 55555 levels we opens for probable bounce back area at 55090-54790.
If Bank nifty cannot sustain 55090-54790 this area and bounce back, we opens for (55285-53835) another high probability bounce back area.
If this area also is breached we open for 52665-(51495-50830),where heavy buying can be expected.
As of now (56039-56345)--56590--(56833-56972) will act as sell area.
Traders should watch (55555)-(55090-54790) levels for a Probable bounce back, which if breached should await 55285-53835 for another high probability bounce back area.
(55285-53835) levels are unlikely to be breached but if Bank Nifty trades below this area then 52665-(51495-50830) can be expected.
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