Pre-Market Analysis 7 Aug 2025: Nifty, Bank Nifty, Key Levels & Stock Picks (Tata Steel, HAL, Tata Elxsi)
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Pre-Market Report – 7th August 2025 | Indian Stock Market Outlook
The Indian equity markets continue to navigate heightened volatility as we move into the second week of August. Benchmark indices closed marginally lower on 6th August, weighed down by mixed global cues and sectoral rotations. Here’s an in-depth look at the current technical landscape, sectoral analysis, and stock-specific strategies for today’s pre-market session.
Previous Session Close (6th August 2025)
- Nifty 50: 24,574.20
- Bank Nifty: 55,411.15
- Sensex: 80,543.99
- Fin Nifty: 26,371.15
Gift Nifty indicates a mildly positive opening, hovering around the 24,620 mark, suggesting range-bound to mildly bullish momentum in early trade.
Global Cues
- US Markets: Wall Street ended mixed as investors assessed comments from the Federal Reserve hinting at a gradual policy stance despite moderating inflation data. The Dow Jones closed flat, Nasdaq gained 0.2%, while the S&P 500 edged lower by 0.1%.
- Asian Markets: Asian indices are largely positive in early trade, with Nikkei up 0.6% and Hang Seng rebounding after sharp sell-offs in previous sessions.
- Commodities: Brent crude hovers near $83 per barrel, providing some relief to domestic inflation expectations. Gold remains stable around $2,400 levels, supporting safe-haven demand amid global uncertainties.
- Currency: USD/INR trading near 83.40, with slight strengthening of the rupee expected if crude prices cool further.
Technical Analysis – Nifty 50
- Current Level: 24,574.20
- Immediate Support Zones: 24,480 / 24,350 / 24,200
- Immediate Resistance Zones: 24,650 / 24,720 / 24,880
Observation:
Nifty remains in a tight consolidation between 24,350–24,700. The index is respecting the support zone near 24,480, coinciding with its short-term moving averages on the hourly chart. Sustained trade above 24,650 could trigger short-covering rallies toward 24,800–24,900. On the downside, failure to hold 24,350 may invite further weakness toward 24,200.
Technical Analysis – Bank Nifty
- Current Level: 55,411.15
- Support Levels: 55,200 / 54,950 / 54,600
- Resistance Levels: 55,720 / 56,000 / 56,350
Observation:
Bank Nifty is attempting to form a base near 55,200–55,300 zones after recent profit booking. A move above 55,720 can pave the way for 56,200–56,350, while downside remains protected till 54,950. Private banks are showing mixed trends, while PSU banks continue to outperform on fresh buying interest.
Technical Analysis – Sensex
- Current Level: 80,543.99
- Support Levels: 80,200 / 79,850 / 79,500
- Resistance Levels: 80,900 / 81,250 / 81,500
Sensex is mirroring Nifty’s movement, consolidating between 79,850 and 81,250. A breakout on either side will define the next trend.
Sector-Wise Outlook
Bullish Sectors
- PSU Banks: Fresh accumulation visible; outperforming private peers.
- Metals: Positive global metal cues supporting Tata Steel, Hindalco.
- Defense & Aerospace: HAL, BEL continue to attract institutional flows.
- Energy: Select energy plays like NTPC and PowerGrid remain strong.
Mixed Trend Sectors
- IT & FMCG: Volatility likely; stock-specific movement expected.
- Auto: Consolidation phase; Maruti, Tata Motors on watch for reversal levels.
- Financial Services: Range-bound movement expected; look for breakout trades.
Option Data Analysis (OI)
- Nifty OI Support: 24,400–24,450
- Nifty OI Resistance: 24,700–24,800
- Bank Nifty OI Support: 55,000
- Bank Nifty OI Resistance: 56,000
PCR (Put-Call Ratio) near 0.85 indicates neutral to slightly bullish sentiment.
Key Stock Setups to Watch
1. Tata Steel (CMP: ₹158.50)
- Strategy: Bearish bias; put option active
- Trade: Buy 155 PE @ ₹1.95
- Stop Loss: ₹1.10 (or 163 in cash)
- Target: ₹3–4.5; cash target at ₹154–148
Rationale:
Tata Steel is testing support at 155; breakdown can lead to further downside toward 148. Weak momentum in global steel prices adds to the bearish outlook.
2. Hindustan Aeronautics Ltd (HAL) (CMP: ₹4,565)
- Strategy: Bullish call option accumulation
- Trade: Buy 4800 CE @ ₹55, accumulate near ₹35–40
- Stop Loss: ₹28
- Target: ₹65–78
Rationale:
Defense stocks continue to shine amid government orders and export opportunities. HAL has formed a bullish flag pattern, with upside potential above 4,620.
3. Tata Elxsi (CMP: ₹5,836)
- Strategy: Bearish positional via put option
- Trade: Buy 5400 PE @ ₹40
- Stop Loss: None (positional hold)
Rationale:
Stock facing supply pressure near 5,850–5,900. A breakdown below 5,700 could trigger a slide toward 5,500 levels.
Key Levels to Watch Today
- Nifty: 24,480 support; 24,720 resistance
- Bank Nifty: 55,200 support; 55,720 resistance
- Sensex: 80,200 support; 80,900 resistance
- Fin Nifty: 26,250 support; 26,520 resistance
Global Macro Factors to Track
- US Fed Commentary: Any hawkish tilt can impact FII flows.
- Crude Oil Prices: Above $85 could pressure Indian equities; sub-$82 bullish for markets.
- China Economic Data: Positive Chinese PMI and stimulus announcements boosting metals.
- Monsoon Updates: Progress remains key for FMCG and auto sector demand outlook.
Pre-Market Strategy
- Bias: Neutral to mildly bullish, range-bound trade expected.
- Tactical Approach: Buy on dips near 24,450–24,500 with stop below 24,350; book profits near 24,720–24,800.
- Bank Nifty Play: Accumulate near 55,200–55,300 zones for 56,000+ targets.
- Stock Focus: Metals (Tata Steel), Defense (HAL), IT (Tata Elxsi).
Risk Management Notes
- Maintain strict stop-loss levels on all derivative trades.
- Book partial profits at key resistance levels to protect capital.
- Avoid aggressive leveraged positions ahead of US data releases this week.
Conclusion
The markets are consolidating ahead of key global events and domestic earnings season. While short-term volatility persists, sector-specific strength in defense, metals, and select PSU banks is likely to offer trading opportunities. A decisive breakout above 24,700 in Nifty could trigger momentum toward 24,900, while sustained trade below 24,350 may invite further selling pressure.
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