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Market Outlook: Indian Markets Expected to Open on a Negative Note
Indian markets are likely to open on a negative note, tracking global cues. Here are the key details:
🔹 GIFT Nifty: 24200
🔹 Nifty Aug Futures:
- Support (S): 24050/23900
- Resistance (R): 24450/24550
🔹 BankNifty Aug Futures: - Support (S): 50050/49800
- Resistance (R): 50500/50700
🔹 NIFTY (8th Aug Weekly expiry)
Today’s Event:
RBI Interest Rate Decision
The Reserve Bank of India’s interest rate decision will be a significant event to watch today, as it could impact market sentiment and direction.