Gift Nifty 🔴 Mildly Negative Opening Likely – 24,674 (-0.27%)
Nifty 🟡 Neutral to Mildly Bearish; 24,650–24,700 opening battle
Bank Nifty 🟡 Selective; banking strength needed for market recovery
Gift Nifty is trading at 24,674.00, down 0.27%, signalling a mildly negative to cautious opening for the Indian equity market on 6 August 2026.
Global cues are mixed. Dow futures are positive after the index registered another record close,
Crude needs to reclaim 7,165, today’s pivot, to establish the first sign of recovery.
Above this, 7,253 becomes the immediate upside target. A sustained breakout above 7,253 could trigger short covering towards 7,396.
MCX Gold enters 6 August 2026 with a distinctly improved short-term setup. The previous close is around 145,234, while international gold is trading near $4,287, up 0.94%. The option chain also shows a notable shift in positioning around 145,000,
