Market Outlook: Technical Call Of The Day & Top 5 Stocks In Focus For 5th Aug 2025

The current RSI of 43 indicates that the stock is approaching its oversold territory, and a positive RSI divergence is also visible on the daily charts, reflecting bullish implications.Positive setup seen in AB Capital, UPL, Delhivery, JSW Energy, Hero MotoCorp

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Market Outlook: Technical Call Of The Day & Top 5 Stocks In Focus For 5th Aug 2025
Motilal Oswal Team Updated: Tuesday, August 05, 2025, 07:58 AM IST
Market Outlook: Technical Call Of The Day & Top 5 Stocks In Focus For 5th Aug 2025

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Nifty index opened positive and steadily rose throughout the day towards 24750 zones. Price action showed support zone defense as buyers emerged precisely at the key technical confluence of the 24550 zones and it managed to close near its day’s high with gains of around 160 points. It formed a bullish candle and an inside bar on daily frame. Now if it holds above 24600 zones, then bounce could be seen towards 24900 then 25000 zones while supports are seen at 24550 and 24442 zones.

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On option front, Maximum Call OI is at 25000 then 24800 strike while Maximum Put OI is at 24600 then 24700 strike. Call writing is seen at 24850 then 24750 strike while Put writing is seen at 24600 then 24700 strike. Option data suggests a broader trading range in between 24200 to 25200 zones while an immediate range between 24500 to 25000 levels.

S&P BSE Sensex index opened on a flat to positive note and traded with volatility in the first hour of the session. In the latter part the index moved higher bouncing from its strong support of 80500 zones. Every intraday minor dip was bought indicating support based buying. It formed an inside bar on daily frame indicating buying at support levels with limited upside. It finally managed to close above 81000 level with gains of around 420 points. Now if it manages to cross and hold above 81200 zones strength can we seen towards 81500 and 81800 zones, else weakness can be seen towards 80700 and 80500 zones.

Bank Nifty index opened on a negative note but witnessed a sharp uptick in the initial hour of the trade as it tested 55750 zones, however it failed to sustain at higher levels and drifted towards 55550 zone. Post the initial volatility the index traded within a band of 200 points for the entire session. It formed a Doji candle on the daily scale and continued the lower highs formation of the last few session and closed below its 50 DEMA for the third straight day. Now till it holds below 55750 zones some weakness could be seen towards 55250 then 55000 zones while on the upside hurdle is seen at 55750 then 56000 levels.

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Nifty future closed positive with gains of 0.71% at 24803 levels. Positive setup seen in AB Capital, UPL, Delhivery, JSW Energy, Hero MotoCorp, Jindal Steel, Polycab, Jindal Stainless, Poonawalla Fincorp and JSW Steel while weakness in ABB India, CESC, Godrej Consumer, NCC, Power Grid, Siemens, Tata Power, OIL India, ONGC and HDFC Life.


BEL - TECHNICAL CALL OF THE DAY

The stock is comfortably trading above its 100 and 200 EMA levels on the daily chart which reflects strength over a medium term basis. The stock has taken strong support around 375 levels and has bounced from those levels 3-4x in the past. The current RSI of 43 shows that the stock is near to its oversold territory and a positive RSI divergence is also visible on daily charts reflecting bullish implications.

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BUY BEL CMP 389.55 SL 379.00 TGT 410.00

Top stocks to watch out for 5th Aug

DLF:

Siemens Energy:

Remson Industries:

Aurobindo Pharma:

Bosch:

Published on: Tuesday, August 05, 2025, 07:58 AM IST

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