Nifty50 Outlook for August 1: FIIs Selling Pressure vs Technical Support Zones
Nifty50 faces resistance at 25,000, support at 24,500. Check trade setup, options data, and stock ideas for August series.
Nifty50 in Focus: Key Support, Resistance, and Stock Ideas for August Series
After ending July with a loss of over 2%, the Nifty50 heads into the August series facing stiff resistance near the 25,000 mark. Analysts suggest that while foreign institutional investor (FII) selling continues to weigh on sentiment, the index shows resilience, holding close to key support levels.
📊 Options Data Snapshot (07 Aug Expiry)
♦ Max Call OI: 25,000
♦ Max Put OI: 24,500
♦ ATM Strikes Range: 24,500 – 25,000
This indicates a narrow trading band, with strong resistance at 25,000 and crucial support at 24,500.
🛑 Technical View
♦ Resistance Zone: 24,900–25,000 (near 50 EMA)
♦ Support Zone: 24,500
♦ Trend: Range-bound; capped upside with downside support intact
“The 24,500 level will be the make-or-break zone. Sustaining above this could trigger a rebound, but heavy call writing at 25,000 caps the upside,” analysts said.
💸 FII Activity
FIIs offloaded more than ₹17,000 crore worth of equities in July, snapping Nifty’s five-month winning streak. Persistent FII selling and a stronger dollar index remain key headwinds.
🔍 Stock Scanner
♦ Long Build-Up (Bullish): Hindustan Unilever, Jio Finance
♦ Short Build-Up (Bearish): Adani Enterprises, Tata Steel
♦ Top Traded Futures: HDFC Bank, Infosys
♦ Top Traded Options: Infosys 1600 CE, SBI 840 CE
⚡ F&O Ban List
♦ Under Ban: None reported
♦ Out of Ban: None reported
For a full list of most traded stocks, OI gainers/losers, and smartlists, investors can log in to Upstox Pro ➡️ F&O ➡️ Options Smartlist/Futures Smartlist.
📈 Outlook
Market experts suggest adopting a cautious approach with hedged positions, given that the upside is capped and volatility is expected around tariff-related news flows.
