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.”
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