Share Market Outlook Today (5th August 2026)

Nifty Prediction Today

The Nifty index ended the session at 24,614 down by 160 points, closed above the resistance level of 24,600. . Upcoming major resistance now stands at 24800-25000 zone and support at 24000 -24050 zone. Technically, this area remains significant and is likely to act as a support zone in the coming sessions, sustaining above the same will see fresh buying in the market. while on the upside, the index next major resistance zone stands at 24,800. Derivatives data reinforces this view, with the highest Call open interest concentrated at the 24,500–24,600 strikes, highlighting a strong resistance cap, whereas notable Put open interest at the 23,500–23,800 strikes confirms a support base. Overall, while the broader market undertone remains positive, traders are advised to stay cautious amid global trade uncertainties and potential tariff-related developments.

Nifty Support and Resistance Level

Exponential Moving Averages

Bank Nifty Prediction Today

Bank Nifty witnessed downward momentum, closing 340 points down at 57,907 The index continues to hold support in the 56,500–56,000 zone, while resistance remains capped near the 58,500-58,000 level. The broader structure of the banking space remains buy on dips, reflecting underlying volatile. The overall bias stays neutral with a range-bound outlook. Derivatives data shows the highest call open interest at the 58,000-58500 strike and the highest put open interest at the 56,000 strike, indicating a potential trading range between these key level

Bank Nifty Support and Resistance Level

Exponential Moving Averages

Share Market News and Events Today

Positive News

• S.J.S. Enterprises: Subsidiary SJS Decoplast commissioned a new manufacturing facility at Ranjangaon, Pune, adding plastic plating capacity of 13,243 sq. ft. per day with an investment of Rs 100 crore.

• HFCL: Board approved a Rs 400 crore expansion of optical fibre and optical fibre cable manufacturing capacities, with completion targeted by July 2028.

• Power Grid Corporation: Commissioned the transmission system for evacuation of power from the Rajasthan renewable energy zone under Phase III Part H.

• ASK Automotive: Commenced commercial production of high-pressure die-cast alloy wheels for two-wheelers on August 4, 2026.

• Varun Beverages: Subsidiary incorporated a 70:30 joint venture, Varun Beverages Holding (Zimbabwe) Private Limited, on August 3, 2026.

Negative News

• Reliance Infrastructure: The Enforcement Directorate provisionally attached certain company assets, including its shareholding in Reliance Power, aggregating Rs 179.66 crore under an alleged PMLA matter.