On Tuesday, the Indian stock market exhibited a broadly negative sentiment. The Nifty 50 and Sensex both closed lower after a volatile session, indicating cautious investor behaviour. Technical indicators showed weakness, with key indices trading below short-term moving averages, although they remained above long-term averages. The Relative Strength Index also suggested a lack of bullish momentum.
Sector-wise, Auto and Consumer Durables showed resilience and closed positively, driven by strength in select frontline stocks. In contrast, the Oil & Gas and Pharma sectors underperformed, weighed down by declines in key constituent stocks. Despite the weakness in Indian equities, broader Asian markets maintained a positive tone, signalling a divergence in global versus domestic sentiment.
US futures traded with mild optimism, indicating neutral-to-positive expectations from the international front. In this overview, we will analyse the key technical levels and trend directions for Nifty and BSE Sensex to monitor in the upcoming trading sessions. All the charts mentioned below are based on the 5-minute timeframe.
Nifty 50
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
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The Nifty 50 Index opened on a flat note at 24,720.25 on Tuesday, down by -2.5 points from Monday’s closing of 24,722.75. In the morning session, the Nifty Index started in a bearish trend. The index was volatile and made its day’s high at 24,733.10; later in the morning session, the index lost its momentum and dragged down to the 24,600 level but it was trading below its opening level at 24,649.95. The Index was trading in the range of 24,700 to 24,600 in the morning session. It was trading below all four EMAs of 20/50/100/200 in the 15-minute time frame.
In the afternoon session, the Nifty Index was volatile and sustained above the 24,600 level and made the day’s low at 24,590.30 and closed near at 24,649.55 in red. During the afternoon session, it closed below the 50/100/200 EMAs but above the 20 EMAs in the 15-minute time frame. Nifty’s immediate resistance levels are R1 (24,736), R2 (24,954), and R3 (25,185), while immediate support levels are S1 (24,592), S2 (24,461), and S3 (24,225).
The Nifty index had reached a day’s high at 24,733.10, closed in red below the 24,700 level, and saw a day’s low at 24,590.30. Finally, it had closed below its opening level at 24,649.55, losing -73.20 points, or 0.30%. The Relative Strength Index (RSI) stood at 40.01 (below the overbought zone of 70 but nearing the oversold zone in the daily time frame), and the Nifty 50 closed above the 100/200 EMAs and remained below the 20/50 EMA in the daily time frame.
Bank Nifty
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
The Bank Nifty Index started the session on a negative note at 55,545.05 on Tuesday, down by -74.3 points from Monday’s closing of 55,619.35. In the morning session, the index started the session on a bearish trend and was more volatile. In the morning session, the index made its day high at 55,648.15. The Index traded below its opening level at 55,448. In the morning session, the index was traded between the range of 55,650 to 55,350 levels and was below all four EMAs of 20/50/100/200 in the 15-minute time frame.
In the afternoon session, the Bank Nifty index further lost its momentum and made its day low at 55,202.85 but later rebounded from the day’s low and closed at 55,360.25 in the red. During the afternoon session, it closed below the EMAs of 50/100/200 but remained above only the 20 EMAs in a 15-minute time frame. Bank Nifty immediate resistance levels are R1 (55,522), R2 (55,900), and R3 (56,406), while immediate support levels are S1 (55,216), S2 (54,679), and S3 (53,928).
The Bank Nifty index had peaked at 55,648.15 and made a day’s low at 55,202.85. Finally, it had closed in red at 55,360.25, breaking below the 55,400 level, losing -259.10 points or 0.47%. The Relative Strength Index (RSI) stood at 35.75 (below the overbought zone of 70 but nearing the oversold zone in the daily time frame), and Bank Nifty was above the 100/200 EMAs but remained below the 20/50-day EMA in the daily time frame.
Sensex
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
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The BSE Sensex Index opened on a negative note at 80,946.43 on Tuesday, down by -72.29 points from Monday’s closing of 81,018.72. The Index was more volatile in the morning session after a negative start but made the day’s high at 81,010.49. It was trading at 80,771 below its opening level in the morning session. In the morning session, the index was trading in the range of 81,000 to 80,600 levels and was trading below all the EMAs of the 20/50/100/200 in the 15-minute time frame.
In the afternoon session, the Sensex Index sustained above the 80,600 level and closed at 80,710.25. During the afternoon session, it traded below the 50/100/200 EMAs but above the 20 EMAs in the 15-minute time frame. BSE Sensex immediate resistance levels are R1 (81,067), R2 (81,468), and R3 (81,791), while immediate support levels are S1 (80,520), S2 (79,943), and S3 (79,293).
The BSE Sensex index had peaked at 81,010.49 and made a day’s low at 80,554.40. Finally, it had closed at 80,710.25, down by -308.47 points, or 0.38%. The Relative Strength Index (RSI) stood at 38.96 (below the overbought zone of 70 but nearing the oversold zone in the daily time frame), and the BSE Sensex was above the 200 EMAs but remained below the 20/50/100 EMA in the daily time frame.
India VIX
The India VIX decreased by -0.26 points, or 2.13%, from 11.97 to 11.71 during Tuesday’s session. A decrease in the India VIX indicates market stability and increased investor confidence.
Market Recap on the 5th of August 2025
On Tuesday, the Nifty 50 index opened at 24,720.25, a 2.50-point decrease from Monday’s close of 24,722.25. The index had significant volatility during the day and ended the day down, closing at 24,649.55, down -73.20 points, or -0.30%. During the daily time period, it traded below the 20 and 50 EMAs but above the 100 and 200 EMAs. Its RSI was 40.01, comfortably below the 70-point overbought zone. Similar to the previous closing of 81,018.72 levels, the BSE Sensex opened at 80,946.43, down -72.29 points. The Sensex closed at 80,710.25, down -0.38% or -308.47 points. The Bank Nifty closed lower, down -259.10 points, or -0.47%, at 55,360.25.
The Nifty Auto Index was the top gainer on Tuesday, closing the day at 23,876.30, up 88.80 points, or 0.37%. Important stocks that helped the index rise were Maruti Suzuki India Ltd., which jumped 1.39%; TVS Motor Company Ltd., which increased 1.38%; and MRF Ltd., which increased 1.08% on Tuesday. The Nifty Consumer Durable Index ended the day higher, up 47.75 points, or 0.12%, at 38,461.90.
But the Nifty Oil and Gas Index ended the day at 11,044.70, down -0.96%, or -106.75 points. Stocks such as Gujarat State Petronet, Castrol India Ltd., and Oil India Ltd. caused the index to fall, falling more than -0.85%. Another loser was the Nifty Pharma Index, which ended the day at 21,970.15, down -183.65 points, or -0.83%. Pharma stocks, such as Divis Laboratories Ltd., Abbott India Ltd., and Biocon Ltd., pulled the index down on Tuesday, falling more than 1.24%.
With Japan’s Nikkei 225 Index rising 251.30 points, or 0.62%, to end at 40,542, Asian markets were largely up. In the same vein, the Shanghai Composite Index gained 34.29 points, or 0.95%, to end at 3,617.60. The KOSPI Index for South Korea was up 50.25 points, or 1.57%, at 3,198. The Hang Seng Index of Hong Kong closed at 24,779, up 45.55 points, or 0.18%. At 5:11 p.m. IST, the US Dow Jones Futures were up 32.34 points, or 0.07%, at 44,203.98.
Trade Setup Summary
The Nifty 50 opened on a flat note at 24,720.25 on Tuesday, was volatile throughout the session, and closed below the 24,700 level at 24,649.55 in red. A break below 24,592 could trigger further selling towards 24,461, while a break above 24,736 could trigger bullishness towards 24,954.
Bank Nifty started the session on a negative note at 55,545.05. The index ended at 55,360.25, below the 55,400 level in red. A break below 55,216, could trigger further selling towards 54,679, while a break above 55,522 could trigger bullishness towards 55,900.
Sensex opened on a negative note at 80,946.43 on Tuesday and ended in red at 80,710.25, breaking below the 81,000 level. A break below 80,520 could trigger further selling towards 79,943, while breaking the next resistance level of 81,067 could lead towards the 81,468 level.
Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these critical levels. Additionally, traders can combine moving averages to identify more accurate entry and exit points.
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