Chanakya Market Dashboard | 10 August 2026

Chanakya Market Dashboard – 10 August 2026

🟢 Market in One Minute

Segment	Today’s View
Gift Nifty	🟢 Flat to Mildly Positive at 24,678
Nifty	🟡 Neutral; 24,650–24,720 is the opening battle zone
Bank Nifty	🟡 Confirmation from banking heavyweights required
Gold	🟢 Bullish but Elevated; breakout above Rs. 1,52,000
Crude Oil	🟢 Mildly Bullish above Rs. 7,530; highly volatile
USD/INR	🟡 Neutral to Mildly Bullish amid higher crude
Global Markets	🟡 Asia positive; US futures mixed to negative
Geopolitics	🔴 Hormuz deal doubts and regional attacks raise risk
Market Strategy	Buy on Confirmation; Avoid Opening-Price Chasing

⭐ Chanakya Market Mood

🟡 Market Bias: Neutral to Mildly Bullish at Opening; Upside May Remain Restricted

📊 Positive Cues: Gift Nifty +0.15%, positive Asian markets, strong Kosdaq and marginally positive Nasdaq futures.

⚠️ Watch: Rising crude oil, Hormuz developments, Bank Nifty, FII activity and rupee movement.

💡 Best Strategy Today: Wait for the opening volatility to settle. Buy only after resistance is crossed with price and volume confirmation.

Indian markets may begin positively, but the setup remains headline-sensitive. Gift Nifty has retreated from its morning high, while hopes of an immediate Hormuz agreement have weakened. Higher crude prices could restrict the sustainability of any opening gains.

📊 Gift Nifty

Gift Nifty is trading at 24,678, up 0.15%, after opening at 24,721 and touching a low of 24,655.

The indication is for a flat to mildly positive opening, but the decline from 24,721 reflects limited buying conviction. The key opening range is 24,650–24,720. A sustained move above 24,720 can strengthen sentiment, whereas a break below 24,650 may invite selling pressure.

➡ Read Full Analysis: 📈 Gift Nifty Live Analysis

📉 Nifty Levels Today

Nifty enters Monday with a neutral setup requiring confirmation from banking and index heavyweights. Positive Asian markets offer support, but rising crude and weaker S&P 500 and Dow futures may restrict the upside.

The immediate support zone is around 24,650–24,600, followed by 24,550. On the upside, 24,700–24,720 is the first recovery hurdle. Sustained trading above this zone could shift the intraday bias towards bullish.

The preferred strategy is to avoid anticipating the breakout and follow the confirmed direction.

➡ Read Full Analysis: 📉 Nifty Levels Today

🏦 Bank Nifty Levels Today

Bank Nifty will remain the deciding factor for the broader market. Gift Nifty indicates a mildly positive opening, but the advance will require participation from heavyweight private banks and SBI.

Traders should monitor relative strength during the first hour. If Bank Nifty sustains above its opening range, Nifty may extend its recovery. Weakness in banks, however, could quickly erase the positive opening indication.

Strategy: Follow the breakout rather than predict it.

➡ Read Full Analysis: 🏦 Bank Nifty Levels Today

🏭 Reliance Levels Today

Reliance remains crucial for Nifty’s intraday direction, particularly as international crude oil approaches $79 per barrel.

Higher crude can support upstream energy sentiment, but escalating Hormuz tensions may also increase broader market volatility. Strength in Reliance, accompanied by banking participation, would substantially improve the probability of a sustained Nifty rise.

Avoid chasing any opening spike and wait for confirmation from price and volume.

➡ Read Full Analysis: 🏭 Reliance Levels Today

🏦 SBI Levels Today

SBI remains one of the strongest banking stocks despite broader market volatility. Fresh buying should be considered only after confirmation above resistance, while breakdown below support could trigger short-term weakness.

➡ Read Full Analysis: 🏦 SBI Levels Today

🥇 Gold Price Outlook

International Gold is trading around $4,323.76, down 0.45% for the day but up 7.93% over one month. MCX Gold closed near Rs. 1,51,820.

The outlook remains bullish but elevated. A sustained breakout above Rs. 1,52,000 can open targets of Rs. 1,53,212 and Rs. 1,54,604.

The pivot stands at Rs. 1,51,188. Below Rs. 1,49,750, the short-term structure would weaken. Overbought oscillators suggest avoiding aggressive buying without breakout confirmation.

➡ Read Full Analysis: 🥇 Gold Price Outlook

🛢 Crude Oil Outlook

International crude oil is trading around $78.85, up 0.86%, marking its third consecutive session of gains. MCX Crude Oil closed at Rs. 7,424.

The immediate outlook is neutral to mildly bullish above Rs. 7,404. A confirmed breakout above Rs. 7,530 can open targets of Rs. 7,633 and Rs. 7,862.

Below Rs. 7,300, the structure turns bearish for Rs. 7,175 and Rs. 6,946. Hormuz uncertainty and regional attacks remain the biggest triggers.

➡ Read Full Analysis: 🛢 Crude Oil Outlook

💵 USDINR Strategy

USD/INR may remain neutral to mildly bullish because higher crude oil generally increases pressure on India’s import bill and the rupee.

The dollar’s global direction, FII flows and developments surrounding the Strait of Hormuz will determine the next meaningful move. A sustained crude rise above $80 could weaken the rupee, while a credible Hormuz agreement may reduce imported-inflation concerns.

Traders should wait for a confirmed range breakout before taking directional positions.

➡ Read Full Analysis: 💵 USDINR Strategy

🚀 PG’s Power Calls Today

Today’s Power Call-

➡ Read Full Analysis: 🚀 PG’s Breakout Stocks Today

⚡ Nilesh Kotak’s Breakout Call

Today’s momentum opportunity

➡ Read Full Analysis: ⚡ Nilesh Kotak’s Breakout Call

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🏛 IPO Corner

The primary market continues to attract healthy investor interest. SBI Funds Management has witnessed solid institutional participation, while SME IPO activity remains selective based on valuation and subscription momentum. Investors should continue monitoring GMP trends along with QIB participation instead of relying solely on grey market premiums.

➡️ View Live IPO GMP & Subscription Updates →