According to Vaishali Parekh, Vice President – Nifty 50: Bullish structure has improved after the decisive breakout above 24,450. Near-term support is 24,300, with major support at 23,800
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Gift Nifty 🟢 Positive Opening Likely – 24,641.50 (+0.58%)
Nifty 🟢 Bullish Bias; Support 24,500–24,555
Bank Nifty 🟢 Sideways to Bullish; Breakout Above 58,600–58,800
Gift Nifty is indicating a healthy positive opening. The narrow range between the open and current level also suggests that the overnight gains are being maintained
According to Sumeet Bagadia, Executive Director at Choice Broking, Nifty continues to carry a Sideways-to-Bullish bias as long as it remains above its immediate support zone.
MCX Crude Oil enters 4 August 2026 with a mixed setup. International WTI crude has recovered towards $81 per barrel, after trading between $79.62 and $81.22, but it is still holding much of the previous session’s decline.
Gold Target & Stoploss – MCX Gold is entering today’s session with a bearish short- and medium-term technical structure, although the long-term trend remains bullish.
