Opening Bell 05 August 2025: Nifty Rebounds from 24,550 Support; Bank Nifty Sell-on-Rise Strategy Persists
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian markets open steady on 05 August 2025. Nifty rebounds from key support at 24,550, Bank Nifty faces upside resistance at 55,800. Key sector trends and intraday levels explained.
🛎️ Opening Bell – 05 August 2025: Nifty Holds Support; Bank Nifty Under Pressure Amid Global Cues
The Indian stock market opened Tuesday’s session on a subdued but stable note, with benchmark indices holding crucial support levels despite weak global cues. Traders are closely watching 24,820–24,850 resistance on Nifty for confirmation of an upside rally, while Bank Nifty remains in a sell-on-rise zone with overhead supply near 55,800–55,900.
The market’s rebound from 24,550 support last session has sparked cautious optimism, but lack of strong triggers and pending domestic events (RBI policy expectations, US economic data) are keeping momentum capped.
📊 Market Opening Snapshot
| Index | Previous Close | Opening Price |
|---|---|---|
| Nifty 50 | 24,726.75 | 24,720.25 |
| Bank Nifty | 55,641.55 | 55,545.05 |
| Sensex | 81,018.72 | 80,946.43 |
| Fin Nifty | 26,476.60 | 26,434.70 |
🔍 Technical Outlook – Key Levels for 05 August 2025
Nifty 50 Analysis (24,720.25)
- Major Support: 24,550 zone (tested successfully last week)
- Immediate Resistance: 24,820 – 24,850
- Breakout Confirmation: Close above 24,850 opens rally toward 25,050 – 25,100
- Breakdown Scenario: Below 24,550 may trigger slide toward 24,300 – 24,200
Chart View:
- Hourly charts indicate a bounce within a channel; higher lows forming since 24,550.
- Daily RSI improving but still below bullish zone — needs sustained breakout for trend reversal.
- OI data shows heavy Call writing at 24,800 – 24,900 indicating tough resistance.
Bank Nifty Analysis (55,545.05)
- Upside Resistance Zone: 55,800 – 55,900
- Support Zone: 55,200; below this, next support at 54,800
- Strategy: Sell on rise remains valid; avoid aggressive longs until breakout above 55,900
Chart View:
- Daily charts show a downward sloping channel; rallies failing near 55,800.
- OI build-up at 56,000 CE confirms supply zone.
- Sustained close below 55,200 could open 54,600 levels in coming sessions.
Fin Nifty Analysis (26,434.70)
- Resistance: 26,600 – 26,700
- Support: 26,300 – 26,200
- Consolidation likely; directional move only beyond this range.
🌍 Global Market Cues
- US Markets: Dow, S&P closed flat amid mixed earnings and anticipation of US jobs data later this week.
- European Markets: DAX, FTSE ended mildly positive, energy sector supported gains.
- Asian Markets: Nikkei flat, Hang Seng weak amid China property sector concerns.
- Crude Oil: Brent near $83.40; stable, but sanctions news may fuel volatility.
- USD/INR: Hovering at ₹83.55 — currency stable; supportive for IT stocks.
📊 Option Data & Market Sentiment
- Nifty PCR (Put-Call Ratio): 0.71 – Neutral to slightly bearish
- Bank Nifty PCR: 0.60 – Bearish tone persists
- India VIX: 11.52 – Low volatility, but watch for spikes near key resistance levels
📊 Sectoral Trends – 05 August 2025
| Sector | Bias | Commentary |
|---|---|---|
| FMCG | 🔼 Positive | ITC, HUL showing resilience; defensive buying amid volatility |
| Auto | 🔼 Mixed | Maruti, M&M steady; watch for festive demand pre-buzz |
| Pharma | 🔼 Positive | Cipla, Sun Pharma favored as defensive plays |
| Energy | 🔻 Weak | Reliance, ONGC under mild pressure; oil stable but sentiment cautious |
| IT (Midcap) | 🔼 Positive | KPIT, Persistent outperforming large-cap peers |
| Financials/NBFCs | 🔻 Weak | HDFC twins, Bajaj Finserv still lack momentum; avoid heavy exposure |
🚀 Intraday Stock Picks – 05 August 2025
| Stock | CMP | Strategy | Target Range | Stop Loss |
|---|---|---|---|---|
| ITC Ltd. | ₹415 | Buy near ₹415 | ₹428 – ₹432 | ₹408 |
| Cipla | ₹1,502 | Buy above ₹1,115 | ₹1,535 – ₹1,550 | ₹1,500 |
| Axis Bank | ₹1,075 | Sell below ₹1,072 | ₹1,055 – ₹1,045 | ₹1,085 |
| Tata Motors | ₹651 | Buy near ₹655 | ₹675 – ₹680 | ₹645 |
| Hindalco | ₹686 | Sell below ₹685 | ₹665 – ₹675 | ₹695 |
🧭 CapitalKeeper View
- Nifty Outlook: Holding 24,550 support is key; breakout above 24,850 will confirm reversal.
- Bank Nifty Outlook: Sell on rise strategy intact; resistance heavy near 55,800 – 55,900.
- Fin Nifty: Consolidating; watch for break above 26,700 for directional cues.
Pro Tip: “Trade range-bound markets with patience; avoid chasing breakouts until confirmation. Stick to defensive sectors for low-risk opportunities.”
📌 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