Trade setup for Aug 6: NIFTY50 to react on RBI policy outcome, tariff threats and more

By Admin

06 Aug, 2025

As markets open on August 6, investors are bracing for a volatile session driven by a mix of domestic and global cues. GIFT NIFTY futures are indicating a 35-point gap-down opening, reflecting weak global sentiment. With NIFTY50 stuck in a consolidation zone between 24,400 and 24,600, traders are closely watching for decisive triggers that could determine the next market direction.

RBI Policy Outcome in Focus

One of the biggest domestic catalysts today will be the outcome of the Reserve Bank of India’s (RBI) bi-monthly monetary policy, expected post 10:00 am. While consensus suggests that the repo rate is likely to remain unchanged, all eyes will be on RBI Governor’s commentary, particularly on inflation, GDP projections, and the overall macroeconomic landscape. Any unexpected dovish or hawkish tone could lead to sharp intraday movements.

Global Jitters: Tariff Threats Add Pressure

Adding to the pressure are fresh threats from former U.S. President Donald Trump, who has announced plans to impose additional tariffs on India within 24 hours. These developments could weigh on investor sentiment, especially in export-driven sectors and companies with global exposure.

Technical Outlook: Consolidation Continues

From a technical standpoint, NIFTY50 continues to hold the crucial support zone of 24,500, but faces stiff resistance around the 25,000 level. The index remains bearish unless it convincingly closes above the 21 and 50 EMAs on a weekly basis.

• Max Call OI: 25,000 (Resistance)
  
  

• Max Put OI: 24,600 (Support)
  
  

This options setup signals that the market is likely to remain range-bound, unless broken by a significant trigger like the RBI policy or global news.

F&O Snapshot

• Top traded futures contracts: HDFC Bank, ICICI Bank, Paytm
  
  

• Top traded options contracts: Reliance 1450 CE, ICICI Bank 1500 CE
  
  

• F&O Securities under ban: PNB Housing
  
  

• F&O Securities out of ban: None
  
  

To analyze a curated list of active stocks, OI gainers and losers, log in to Upstox Pro and check the Options Smartlist or Futures Smartlist under the F&O section.

No Clear Long or Short Build-Ups Yet

As of now, there are no significant long or short build-ups reported in the broader market. Traders may want to wait for the RBI event to unfold before placing directional bets.

📌 Disclaimer: Derivatives trading involves significant risk and is suitable only for experienced traders with proper risk management strategies such as stop-losses. This article is for informational purposes only and does not constitute trading advice or stock recommendations. The securities mentioned are for analysis demonstration only.