1) Opening Snapshot
- GIFT Nifty (pre-open read): flat to mildly positive → indicates a quiet/soft gap versus yesterday’s close.
- Backdrop: Asian cues mixed; crude steady; USD/INR stable—no fresh macro headwind at the open.
2) Nifty & Bank Nifty — Intraday Map
Nifty 50
- Supports: 24,800 → 24,720, then 24,600 / 24,450.
- Resistances: 25,000 → 25,120, stretch 25,300.
- Bias/plan: Acceptance above 25,000 can unlock a squeeze toward 25,120–25,300; sustained trade below 24,720 risks a drift back to 24,600–24,450.
Bank Nifty
- Supports: 52,300 → 52,000.
- Resistances: 53,200 → 53,600 (stretch 53,900).
- Plan: Large banks need to lead for any durable Nifty hold >25k.
3) Cash Flows (last trading day)
- FII (cash): Net sellers on balance—light supply on strength.
- DII (cash): Net buyers—domestic bid continues to cushion dips.
Read: Street remains two-way near resistance; DIIs supportive, FIIs selective.
4) FII Index Futures — Longs vs Shorts (latest posture)
- Structure: FIIs remain net short in index futures (shorts > longs) despite intermittent covering.
- Trading take: A clean hold >25,000 can force short-covering pops; repeated failure around 25,000–25,120 likely draws fresh call-writing/fade trades.
5) August Option-Chain — OI Heatmap (Nifty)
- Call OI (resistance): heaviest stack at 25,000 CE, with layers at 25,100 / 25,200.
- Put OI (support): meaningful base across 24,800 → 24,600, with a denser shelf near 24,700–24,800.
- Implication: 25k call wall vs 24.7–24.8k put base defines the day’s battlefield; acceptance beyond either edge likely sets the intraday trend.
6) News & Tape to Watch (India/Global)
- Domestic: Policy/support chatter keeps consumption and banks in focus; watch autos/FMCG/infrastructure for stock-specific follow-through.
- Global: Markets in event-risk mode into central-bank speak; any tariff/geopolitical headline can override technicals intraday.
7) U.S. Calendar — Tonight (IST)
- Focus: Central-bank commentary and high-frequency prints (claims/PMIs/housing) setting rates tone; any surprise can swing global risk into Monday’s open.
8) India Results — Today
- No marquee Nifty heavyweights at the bell; mid/small-cap prints to drive stock-specific moves.
9) Playbook (actionable checklist)
- Opening zone:
- Hold >24,950 and build >25,000 with breadth → lean long toward 25,120–25,300 (trail tight near CE walls).
- Fail/reject at 25k → fade toward 24,800/24,720.
- Options tells: Watch live OI shifts at 25,000 CE and 24,800–24,700 PE for confirmation/traps.
- Flows: Any sign of FII short-covering in index futures (drop in short OI / basis improvement) can extend upside; persistent FII cash selling caps spikes.
- Sectors: Banks to confirm index thrust; autos/FMCG ride domestic optimism; IT/metals remain global-cue sensitive.
One-liner Summary
Flat/soft open likely; 25,000 remains the battleground. Above it: scope for a squeeze; below 24,720: risk of a drift to mid-24k. DIIs supportive, FIIs selective—expect a two-way, headline-sensitive session.