Rajesh Palviya
Head of technical and derivatives research, axis securities
Where is Nifty going this week?
On a weekly graph, Nifty has formed a bearish candle with a long upper shade, which points to sales pressure in the vicinity of 25,000 level. The index is currently trading below the 50-day advancing average and reflects a bearish bias. It continues to experience the resistance with the upper tire of the falling channel, almost 25,000. A decisive outbreak above this level could shift the bias to Bullish, while a decrease of less than 24,500 can lead to further profit booking. A persistent movement above 24,800 can cause the purchase interest, which makes the index possible to 25,000-25,300 reach. On the other hand, a break under 24,500 can drag the index to 24,350-24,000. Expect that Nifty will act within a wide range of 25,300-24,000 this week, with a negative bias. The weekly relative strength index (RSI) remains under the reference line and is trending down, which strengthens the Bearish Momentum.
Trade strategy: For traders with a moderate Bearish View for a week ending on August 7, a well -spread strategy can offer controlled exposure to the disadvantage. Buy a piece of handy 24,600 strike (Premium: RS 155–165) and sale a piece of 24,300 strike PUT (Premium: RS 60–65). The Breakeven point is 24,495, with a profit below this level. The maximum loss is RS 7,875 and the maximum potential reward is RS 14,625.
Sectors to look at: Healthcare, Cement and FMCG can continue to show strength. Bullish On: Asian Paints, Hindustan Unilever, Fortis Healthcare, TVS Motor, Ambuja Cements and JSL. Bearish On: Adani Enterprises, Tata Motors and Indigo.
AgenciesRohan Shah
Technical analyst, Asit C. Mehta Investment Where is Nifty going this week?
Nifty has placed a five -week loss after being confronted with resistance at a bearish Gap and now fallen under the EMA of 10 weeks, which had followed as an intermediate support since April 2025. A decisive break under 24,500 tuning on an important demand zone and the 20-week EMA-ZOU can accelerate the profit booking and take the profit and take the manner at 24,000-23,800. Resistance is on 25,400-25,600.
Trade strategy: The wider market remains under pressure. It is wise to concentrate on sectors and shares that show a stronger relative strength with bullish structures. FMCG has demonstrated resilience, recovered from a long -term support zone. Hul, Colgate-Palmolive and Dabur seem attractive for accumulation. In the two -wheeler room, Hero Motocorp and Bajaj car held at support levels. Sectors such as Pharma, Defense and Oil & Gas have violated important support levels and justify caution.
Ajit Mishra
SVP – Research, Religare Makel
Where is Nifty going this week?
Nifty expanded his losing series to the fifth week, powered by persistent sale, worldwide headwind and careful sentiment. The index is close to the 24,600 mark, confirms a bearish prospect, unless a strong rebound is created. Immediate support is 24,450; An infringement can extend the decline to 24,180-one level that coincides with the long-term exponential advancing average of 200 days (DEMA). With recovery, the resistance is at 24,800, followed by a significant obstacle of approximately 25,000-25,250.
What should investors do?
Defensive positioning is wise in the short term, while selective accumulation on dips in fundamentally strong long -term shares offer.
Bullish bias: Britannia, Dixon Technologies, Fortis, Godrej Consumer, Hero MotoCorp, Jio Financial, Jindal Stainless, Kaynes Tech and TVS motorcycle.
Bearish bias: ABB, Astral, Bandhan Bank, Bharat Forge, Coal India, Indusind Bank, ONCC, Sona BLW, Tata Motors, Tata Tech and Wipro.
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