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Gift Nifty 🟢 Strong Positive Opening
Nifty 🟢 Bullish Above 24,080
Bank Nifty 🟢 Bullish Above 57,000
Gift Nifty Today: Global sentiment improved initially before geopolitical tensions resurfaced.
Key developments include:
US forces intercepted multiple ballistic missiles launched by Iran.
Oil prices surged after fears of supply disruptions in the Middle East.
Nifty Target & Stoploss for 29 July 2026 – GIFT Nifty is indicating a strong positive opening of nearly 250 points above Tuesday’s close. However, traders should avoid assuming that the entire gap-up will sustain throughout the day.
Bank Nifty Levels today – Bank Nifty is expected to open on a positive note, tracking the strong indication from GIFT Nifty. However, unlike Nifty, Bank Nifty continues to display relative weakness on higher time frames,
MCX Crude Oil – Crude oil has once again become the market’s preferred geopolitical trade. Unlike gold, which is facing pressure from interest-rate expectations, crude is benefiting directly from fears of supply disruption.
Gold Target & Stoploss -The combination of stronger crude oil prices, persistent inflation concerns and expectations of elevated interest rates continues to favour the bears.
