Probable Scenario Analysis and Trade Plan for the Nifty 50 Index NSE:NIFTY for the 03rd of August, 2026. The day is Monday. 🟢 Bullish Scenario Presently, the price is in the bullish zone. If the price stays above 24300, then stay bullish. Take bullish trades only. Every down move should be considered as an opportunity to go long. The probable bullish targets above 24300 would be - 24350, 24400, 24450, and 24500. There will be strong resistance at 24500. Next, if the price sustains above 24500, then the probable bullish targets would be - 24550, 24600, 24650, 24700, and 24750. 🔴 Bearish Scenario Presently, there is no bearish setup. Doubt every down move. There is a strong support zone (SSZ) in the area of (24300 - 24200). However, if the price breaks down below 24200, then a weak bearish scenario would emerge. The probable weak bearish targets below 24200 would be - 24150 and 24100. There will be strong support at 24100. Next, if the price decisively breaks down below 24100, then there will be strong selling. The probable bearish targets below 24100 would be 24050 and 24000. 🟡 No Trading Zone (NTZ): (24300 - 24200). ⏺ Range of Consolidation (ROC): (24500 - 24200). Here, 24350 is the median of the ROC. The median works like a trading session sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC. ● Event There is one high-impact event this week. The RBI Interest Rate Decision is on 05th of August, 2026. The day is Wednesday. It is positioned between two expiries (Tuesday Nifty 50 and Thursday SENSEX expiry). There are no holidays this week. Lastly, geopolitical events are omnipresent and beyond our analysis. ● Intraday, Weekly, and Monthly Bias Establish bias with respect to the opening price (of the particular session - Intraday, Weekly, and Monthly). If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case. ● Disclaimer + End Note - All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session. - Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. - Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe. - Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE. - Be Strategic. Be Courageous. Be Patient. Be Wise. - Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective. - Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities. Happy Trading!
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