Chanakya

News

Oyo received Sebi nod, what investors should do

OYO (Prism) IPO Nearing Reality

The biggest takeaway from the latest development is that SEBI has approved the IPO of Prism (formerly Oravel Stays, OYO’s parent company).

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Main Board IPOs

Issue Date

SME IPOs

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NCD

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Right Issue

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Market Insights

Chanakya Market Dashboard

Chanakya Market Dashboard | 7 August 2026

Best Strategy Today: Do not react to the first few minutes. Buy only after important resistance levels are crossed with confirmation.
The setup for Friday is unusual because the market is receiving conflicting signals.

Sumit Bagadia's breakout stocks

Sumeet Bagadia’s Breakout stocks

According to Sumeet Bagadia, Executive Director at Choice Broking, Nifty is consolidating following its recent rally. For the next trading session, 24,400–24,450 is the key Nifty support zone,

Break out Stocks by Nilesh Kotak

Marine Electricals (India) Ltd is today’s momentum trading candidate, with the stock at Rs. 322 and sitting just below its immediate breakout level.

Reliance Levels Today

Reliance Targets Today

Reliance has reclaimed its 20, 34 and 50-day SMAs and closed above its 50-day EMA of Rs. 1,309.71. This is encouraging. However, the stock is now approaching its 89-day moving-average resistance around Rs. 1,329–1,331

Bank Nifty Levels Today

Bank Nifty Levels Today

Bank Nifty ended the previous session at 57,739.95, declining 0.29%, but continues to trade above most of its important moving averages. While the short- and medium-term trends remain technically bearish, the long-term trend is still bullish,

SBI Levels Today

SBI levels today

SBI continues to display a constructive technical setup after closing at Rs. 1,055, comfortably above all its major moving averages. The stock has gained 4.07% during the past week,

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Commodity Insights

Gold Option Trade Strategy Today

Gold – favours further upside

MCX August Gold Futures are trading around Rs. 1,48,858, up 0.25%, placing the contract almost exactly at the important Rs. 1,49,000 strike.

crude trading strategy today

MCX Crude Oil – Bias positive

Crude oil has moved back above $78 per barrel, and the short-term bias remains positive as geopolitical risk returns to the Strait of Hormuz.

Currency

USD/INR levels today

USD/INR Levels Today

USD/INR – USD/INR witnessed profit booking after a strong rally over the previous few sessions. The latest candlestick has formed a bearish reversal candle