NIFTY50 ends August on bullish note, forms doji pattern on daily chart

Markets reached new all-time highs, closing August on a positive note. The NIFTY50 index extended its winning streak to 12 consecutive days, finishing both the week and the August series above the key 25,000 mark.

Sector-wise, all major indices ended in the green except for FMCG, which slipped marginally by 0.1%. Real Estate (+1.8%) and Healthcare (+1.3%) led the gains.

The NIFTY50 ended the week on a bullish note, closing above its previous all-time high of 25,078. While the broader trend remains positive, this previous high will now serve as an immediate support zone for the index.

During the recent twelve-day rally, the NIFTY50 has left bullish gaps around the 25,200 and 24,850 levels. In the event of a dip, traders should closely monitor price action around these zones, as a rebound could attract fresh buying interest.

• Top gainer and loser in NIFTY50: Cipla (+2.2%) and Tata Motors (-1.1%)

• The broader markets also witnessed buying interest and consolidated its gains around its all-time high. The NIFTY Mid cap 100 index jumped 0.6%, while the Small cap 100 index rose 0.4%.

• Top gainer and loser in NIFTY Midcap 100: AU Small Finance Bank (+7.6%) and Vodafone-Idea (-5.0%)

• Top gainer and loser in NIFTY Smallcap 100: Radico Khaitan (+7.4%) and Hudco (-5.1%)

Key highlights of the day

Top traded futures contracts

Top traded options contracts

4 trading insights from NIFTY 200🔍

📉Open=High (Bear power): Vodafone-Idea, Voltas, L&T Technology Services, Astral and Mphasis

📈Open=Low (Bull power): AU Small Finance Bank, Bandhan Bank, GAIL, Cipla and Bosch

🏗️Fresh 52 week-high: Alkem Laboratories, Indus Towers, Mankind Pharma, Fortis Healthcare and Cipla

⚠️Fresh 52-week-low: N/A

See you on Monday!