Opening Bell 11 August 2025: Nifty & Bank Nifty Gap Zone Breakdown – Sell on Rise Strategy
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian Stock Market Opening Bell 11 Aug 2025: Nifty near 24,000 gap support, Bank Nifty eyeing 54,000 zone. Sector-wise analysis, intraday stock picks, and global cues with sell-on-rise strategy.
Opening Bell – 11 August 2025
Indian markets are starting the week on a cautious note after last Friday’s weak close. The Nifty 50 opened at 24,371.50, almost flat, but remains firmly inside a breakdown and gap-filling zone, with the 24,000 level acting as a major support. The Bank Nifty is showing similar weakness, with 54,800 as the immediate key level to watch.
From a technical standpoint, the trend remains sell-on-rise, as both indices have been unable to sustain above resistance levels despite multiple attempts over the past sessions.
Nifty 50 – Technical Overview
- Previous Close: 24,363.30
- Today’s Open: 24,371.50
- Major Support: 24,000 (gap-filling zone)
- Immediate Resistance: 24,500 – 24,550
The Nifty has already closed inside the breakdown zone, confirming the loss of short-term bullish momentum. For today and the week ahead:
- A sustained move below 24,000 could open the gates towards 23,850 – 23,750.
- On the upside, 24,500 – 24,550 is a strong supply zone, where short-sellers may re-enter.
- The market structure favors sell-on-rise, with tighter stop losses above resistance levels.
Bank Nifty – Technical Overview
- Previous Close: 55,004.99
- Today’s Open: 54,999.34
- Immediate Support: 54,800
- Major Support Zone: 54,000 (large gap area)
- Resistance: 55,400 – 55,500
Bank Nifty is under pressure as PSU banks and select private names show profit booking. If 54,800 breaks decisively, the index can quickly slide to 54,000, which is a critical gap-fill zone. On the upside, 55,400–55,500 remains a barrier.
Sensex – Technical Overview
- Previous Close: 79,857.79
- Today’s Open: 79,855.36
Sensex is tracking Nifty’s weakness, with the 79,000–78,800 zone acting as support. A failure to hold could invite deeper correction. Upside capped near 80,500.
Fin Nifty – Technical Overview
- Previous Close: 26,167.35
- Today’s Open: 26,165.15
Fin Nifty is in consolidation mode, with 26,000 acting as immediate support. If broken, 25,800 could be tested. Upside capped near 26,400–26,500.
Sector-Wise Performance Outlook
1. IT Sector – Mild Positive
US tech futures show marginal gains, and Indian IT stocks may see selective buying. However, strength may fade near resistances.
Stocks to Watch: Infosys, TCS, HCL Tech.
2. Banking & Financials – Negative Bias
Profit booking likely to continue, especially in PSU banks.
Stocks to Watch: SBI (watch 815 level), Axis Bank (below 1,140 could see selling), ICICI Bank (short near 1,150).
3. FMCG – Range-Bound
Defensive buying possible, but valuations remain rich.
Stocks to Watch: HUL, Nestlé India.
4. Metals – Weak
Global metal prices are soft amid China demand concerns.
Stocks to Watch: Tata Steel, Hindalco.
5. Energy & Oil & Gas – Cautious
Crude prices hovering near $81 could limit upside in oil marketing companies. Reliance remains range-bound.
6. Auto Sector – Stock-Specific Moves
Hero MotoCorp and Maruti may see buying on dips, but index-level pressure persists.
Global Cues
- US Markets: Closed slightly lower last Friday as bond yields ticked higher.
- Asian Markets: Mixed performance today; Nikkei slightly up, Hang Seng under pressure.
- Crude Oil: Around $81 per barrel; stable but not giving strong cues.
- USD-INR: Near 83.10, stable; currency markets remain range-bound.
Intraday Stock Ideas (Sell-on-Rise Setup)
(Strict Stop Loss & Position Sizing Recommended)
- SBI – Sell near 820, SL 830, Targets 805 / 795
- Axis Bank – Sell near 1,065, SL 1,075, Targets 1,030 / 1,015
- Tata Steel – Sell near 160, SL 163, Targets 155 / 152
- Infosys – Buy on dips near 1,415, SL 1,400, Targets 1,435 / 1,450 (only if IT index remains firm)
- Maruti – Buy near 12,490, SL 12,400, Targets 12,550 / 12,650
Market Strategy for Today
The technical setup clearly indicates that the broader market remains under selling pressure. While selective buying in defensives and IT could offer short-term relief, the dominant trade remains sell-on-rise in Nifty and Bank Nifty until key resistances are decisively broken.
Traders should:
- Avoid aggressive long positions unless Nifty sustains above 24,550.
- Focus on high-probability intraday levels.
- Keep an eye on 24,000 (Nifty) and 54,800 (Bank Nifty) for breakdown signals.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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