On Thursday, the Indian markets opened weak but showed resilience with a strong rebound in the latter half of the session, ultimately closing on a positive note. Despite early volatility, investor sentiment turned optimistic as major indices recovered their losses.
The overall tone in sectoral performance was positive, with media and IT sectors leading the gains, supported by buying in select heavyweight stocks. However, the public sector enterprise and infrastructure segments faced selling pressure, indicating some sector-specific weakness. Globally, Asian markets displayed a largely positive trend, reflecting supportive international sentiment.
US futures were also trading higher, adding to the upbeat global cues. The domestic market sentiment seemed cautiously optimistic, with traders reacting positively to global strength while still being selective in their sectoral bets.
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 negative note at 24,464.20 on Thursday, down by -110 points from Wednesday’s closing of 24,574.20. In the morning session, the Nifty Index started in a bearish trend. The index was volatile and later in the morning session, the index lost its momentum and dragged down to below the 24,400 level and was trading below its opening level.
The Index was trading in the range of 24,550 to 24,400 in the morning session and was trading below all four EMAs of 20/50/100/200 in the 15-minute time frame. With the help of international signals, diplomatic discussions, and a rise in buying volume, the Nifty Index recovered from the day’s low of 24,344.15 to end at 24,596.15 in the green and made the day’s high at 24,634.20 in the afternoon session. During the afternoon session, it closed below 200 but remained above the 20/50/100 EMAs in the 15-minute time frame.
Nifty’s immediate resistance levels are R1 (24,668), R2 (24,784), and R3 (24,901), while immediate support levels are S1 (24,541), S2 (24,451), and S3 (24,344).
The Nifty index had reached a day’s high at 24,634.20, closed in green above the 24,550 level, and saw a day’s low at 24,344.15. Finally, it had closed above its opening level at 24,596.15, gaining +21.95 points, or 0.089%. The Relative Strength Index (RSI) stood at 39.10 (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 55,215.65 on Thursday, down by -195.5 points from Wednesday’s closing of 55,411.15. In the morning session, the index started the session on a bearish trend and dragged down to the 55,100 level. In the morning session, the index traded below its opening level at 55,137 and was trading in the range of 55,350 to 55,100 levels.
The Index traded below all important moving average levels of 20/50/100/200 EMAs in the morning session in the 15-minute time frame. In the afternoon session, the Bank Nifty index gained its momentum and rebounded from its day’s low at 54,973.55 and ended the session at 55,521.15 in the green. During the afternoon session, it closed below the EMA of 200 but remained above the 20/50/100 EMAs in a 15-minute time frame.
Bank Nifty immediate resistance levels are R1 (55,719), R2 (55,959), and R3 (56,254), while immediate support levels are S1 (55,216), S2 (54,972), and S3 (54,652).
The Bank Nifty index had peaked at 55,614.80 and made a day’s low at 54,973.55. Finally, it had closed in green at 55,521.15, breaking above the 55,500 level, gaining +110 points or 0.20%. The Relative Strength Index (RSI) stood at 38.76 (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 80,262.98 on Thursday, down by -281.01 points from Wednesday’s closing of 80,543.99. The Index was more volatile in the morning session after a negative start and was trading at 80,114 below its opening level in the morning session.
In the morning session, the index was trading in the range of 80,400 to 80,000 and was trading below all four EMAs of the 20/50/100/200 in the 15-minute time frame. In the afternoon session, the Sensex Index rebounded and rose above the 80,700 level from the day’s low at 79,811.29 and closed at 80,623.26 in green. During the afternoon session, it traded below 200 but remained above the 20/50/100 EMAs in the 15-minute time frame.
BSE Sensex immediate resistance levels are R1 (80,832), R2 (81,148), and R3 (81,338), while immediate support levels are S1 (80,510), S2 (80,257), and S3 (79,954).
The BSE Sensex index had peaked at 80,737.55 and made a day’s low at 79,811.29. Finally, it had closed at 80,623.26, gaining by +79.27 points, or 0.098%. The Relative Strength Index (RSI) stood at 38.73 (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 -0.27 points, or 2.28%, from 11.96 to 11.69 during Thursday’s session. A decrease in the India VIX indicates a calm and stable market environment.
Market Recap on the 7th of August 2025
The Nifty 50 index dropped 110 points from its close of 24,574 on Wednesday to start at 24,464 on Thursday, below the 24,500 mark. Despite its daylong volatility, the index ended the day higher at 24,596, up 21.95 points, or 0.09%. The index reversed the day’s opening losses with a strong afternoon rally. In the daily time period, the index closed very close to the 100-day EMA and traded above the 200 EMA but below the 20 and 50 EMAs. With an RSI of 39.05, it was much below the 70-point overbought zone. Similar to this, the BSE Sensex opened at 80,263, down 281 points from the close of 80,544 levels earlier. The Sensex recovered sharply as well, closing at 80,623, up 0.10%, or 79.27 points.
Most sectoral indexes concluded the day in a positive position. One of the top gainers was the Nifty Media Index, which closed the day at 1,636.8, up 16.10 points, or 0.99%. Key companies that helped the index rise were PVR Inox Ltd, which jumped 3.09%; Zee Entertainment Ltd, which increased 2.08%; and Nazara Technologies, which increased 1% on Thursday. Following the advances, the Nifty IT index closed at 34,726, up 300.55 points, or 0.87%. The index rose as a result of the advances made by IT firms such as Coforge Ltd, Persistent Systems Ltd, Mphasis Ltd, and IT Mahindra Ltd.
The main laggard was the Nifty PSE Index, which ended the day at 9,540.9, down -43.35 points, or -0.45%. The index was dragged lower by stocks such as REC Ltd, Bharat Heavy Electrical (-4.95%), Bharat Petroleum (-1.71%), and Power Finance Company (-1.64%). Another loser was the Nifty Infrastructure Index, which ended the day at 8,996, down -22.8 points, or -0.25%. Adani Green (-2.18%), Indus Towers (-1.85%), Bharat Petroleum (-1.71%), and Adani Ports (-1.59%) were among the infrastructure stocks that pulled the index lower on Thursday.
With Japan’s Nikkei 225 Index rising 264.29 points, or 0.65%, to end at 41,059.15, Asian markets were largely in the green. Likewise, the Shanghai Composite Index gained 5.67 points, or 0.16%, to end at 3,639.67. The KOSPI Index for South Korea was up 29.54 points, or 0.92%, at 3,227.68. The Hang Seng Index of Hong Kong closed at 25,081.63, up 171 points, or 0.69%. The Shenzhen component index closed at 11,157.94, down 19.84 points, or 0.18%. At 5:17 p.m. IST, the US Dow Jones Futures were up 253.34 points, or 0.58%, at 44,446.47.
Trade Setup Summary
The Nifty 50 opened on a negative note at 24,464.20 on Thursday, was volatile throughout the session, and ended the day in green above the 24,550 level at 24,596.15. A break below 24,541 could trigger further selling towards 24,451, while a break above 24,668 could trigger bullishness towards 24,784.
Bank Nifty started the session on a negative note at 55,215.65 later the index ended at 55,521.15, above the 55,500 level in green. A break below 55,216, could trigger further selling towards 54,972, while a break above 55,719 could trigger bullishness towards 55,959.
Sensex opened on a negative note at 80,262.98 on Thursday but ended in green at 80,623.26, breaking above the 80,600 level. A break below 80,510 could trigger further selling towards 80,257, while breaking the next resistance level of 80,832 could lead towards the 81,148 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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