Opening Bell 04 August 2025: Nifty & Bank Nifty Range-Bound; Key OI Levels Indicate Crucial Support and Resistance
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian stock market opens flat on 04 August 2025. Nifty trades between 24,430-24,870 OI range; Bank Nifty hovers near 55,600. Sector focus and intraday picks detailed.
🛎️ Opening Bell – 04 August 2025: Nifty Range-Bound; OI Data & Charts Show Key Zones
The Indian equity market started Thursday’s session flat-to-positive, with Nifty and Bank Nifty trading inside a tight range dictated by Open Interest (OI) levels. As both hourly and daily charts align with the same support and resistance zones, traders can expect range-bound volatility until a decisive breakout occurs.
📊 Market Opening Snapshot
| Index | Previous Close | Opening Price |
|---|---|---|
| Nifty 50 | 24,565.35 | 24,596.05 |
| Bank Nifty | 55,617.60 | 55,557.50 |
| Sensex | 80,599.91 | 80,765.83 |
| Fin Nifty | 26,492.50 | 26,507.20 |
🔍 Technical Outlook – Nifty & Bank Nifty
Nifty 50 Analysis
- OI Support Area: 24,420 – 24,430
- OI Resistance Area: 24,860 – 24,870
- Channel Support & Resistance: Matches OI zones, adding credibility to these levels.
- Outlook:
- Above 24,870 = upside breakout toward 25,050.
- Below 24,430 = breakdown toward 24,200 zone.
- Until then, expect sideways moves with volatility.
Bank Nifty Analysis
- Support Zone: 55,400 – 55,500
- Resistance Zone: 56,200 – 56,400
- View: Consolidation phase; breakout needed above 56,400 for momentum, else watch for dips near 55,400 for buying opportunities.
Fin Nifty Analysis
- Support Zone: 26,400
- Resistance Zone: 26,700 – 26,750
- Trend: Range-bound; watch for breakout above 26,750 for bullish confirmation.
🌍 Global Market Cues
- US Markets: Closed mixed ahead of inflation data; Nasdaq under pressure due to tech earnings.
- Asian Markets: Nikkei higher, Hang Seng steady; China markets cautious.
- Brent Crude: Around $82.70 — stable for energy stocks.
- USD/INR: Hovering at 83.45; muted currency impact on equities.
📊 Option Data & Market Sentiment
- Nifty PCR: 0.70 — bearish to neutral sentiment
- Bank Nifty PCR: 0.60 — weak bias, limited upside potential
- India VIX: 11.48 — low volatility but prone to sudden spikes during range tests
📊 Sectoral Trends – 14 August 2025
| Sector | Bias | Commentary |
|---|---|---|
| Auto | 🔼 Positive | Maruti, M&M in focus ahead of festive demand cues |
| FMCG | 🔼 Defensive | ITC, HUL steady amid volatile markets |
| Pharma | 🔼 Positive | Sun Pharma, Cipla seeing buying as defensive plays |
| Energy | 🔻 Weak | Reliance, ONGC subdued due to crude price stability |
| IT (Midcap) | ⚖️ Range | Persistent, KPIT Tech consolidating after recent rally |
| Financials | 🔻 Weak Bias | HDFC twins, Bajaj Finserv remain muted; NBFCs cautious trade |
🚀 Intraday Stock Picks – 14 August 2025
| Stock | CMP | Strategy | Target Range | Stop Loss |
|---|---|---|---|---|
| Maruti Suzuki | ₹12,400 | Buy near ₹12,380 | ₹12,650 – ₹12,750 | ₹12,300 |
| ITC Ltd. | ₹419 | Buy near ₹418 | ₹438 – ₹442 | ₹404 |
| Sun Pharma | ₹1,622 | Buy above ₹1,640 | ₹1,705 – ₹1,715 | ₹1,570 |
| Axis Bank | ₹1,063 | Sell below ₹1,058 | ₹1,040 – ₹1,035 | ₹1,075 |
| Hindalco | ₹681 | Sell below ₹672 | ₹662 – ₹655 | ₹690 |
🧭 CapitalKeeper View
- Key Takeaway: Market is stuck in a 24,430 – 24,870 range; wait for breakout confirmation before taking positional trades.
- Intraday Focus: Trade light, buy near support & sell near resistance with strict stop-losses.
Pro Tip: “OI zones aligning with chart levels often indicate stronger price reactions — watch 24,430 & 24,870 closely.”
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and [WhatsApp Channel] subscribe to our newsletter!
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.
By using this website, you agree to the terms of this disclaimer.
Leave a Reply