According to Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, Nifty 50 could open around the 24,575–24,600 zone when trading resumes on Monday.
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Gift Nifty 🟢 Positive Opening Likely – 24,589.50 (+0.73%)
Nifty 🟢 Positive Bias; Watch 24,500–24,600 Zone
Bank Nifty 🟢 Positive Bias; Banking Confirmation Important
Why Astra Microwave?- Astra Microwave Products closed at Rs. 1,861.60 after gaining a strong 7.86% in a single trading session. The stock has gained 69.81% over the past three months
Gift Nifty trades at 24,589.50 (+0.73%), indicating a positive opening for Nifty.
US equity futures are trading higher, with Nasdaq-100 futures leading gains as investors await the July jobs report
Bagadia expects 24,200–24,250 to act as the immediate support zone for Nifty, while 24,500–24,550 remains the key resistance area.
Crude oil begins Monday with a decisively bearish short-term setup after falling more than 4% towards $80 per barrel. The sharp reversal follows President Donald Trump’s decision to cancel planned military strikes
Breakout stock for 3 August – Suitable For: Swing Traders & Short-Term Delivery Investors
Potential Return: About 1.5–2.8% from the trigger price in 5–7 trading sessions
Risk Level: Medium-High due to overbought RSI
Gold Target & Stoploss -Gold begins Monday with a mildly bullish but event-sensitive setup. International gold has recovered above the psychologically important $4,050/oz level
