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

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

Upstox

2 min read | Updated on August 06, 2025, 08:05 IST

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SUMMARY

GIFT NIFTY futures indicate a 35-point gap down opening on Wednesday amid weak global cues. The index continues to remain in a consolidating range of 24,400 to 24,600 levels. The 25,000 calls hold the highest open interest, indicating strong resistance at these levels on the upside.

SEBI carried out an analysis following media reports referencing a legal dispute involving Jane Street Group for alleged unauthorised use of their proprietary trading strategies in Indian markets. | Image: Shutterstock

GIFT NIFTY indicates negative opening on Wednesday.

NIFTY50

Max call OI:25,000

Max put OI:24,600

(Ten strikes to ATM, 07 Aug expiry)

Index continues to remain in a range-bound setup as negative cues continue to create pressure on the higher side. Markets are expected to react to fresh threats from President Trump as he plans to impose additional tariffs on India in 24 hours. In addition, markets are expected to react to the bi-monthly monetary policy outcome after 10:00 am. Consensus estimates suggest the rates are expected to remain unchanged. However, the RBI governor’s commentary on the evolving macro-environment will be keenly watched.

Nifty50_2025-08-06_08-02-54.png On the technical charts, the index held the crucial support zone of 24,500. The index could continue to consolidate further in the absence of fresh positive cues. According to experts, the index is expected to trade in a bearish outlook until it closes above 21 and 50 EMA on a weekly basis.
nifty6aug.png On the options data front, the 25,000 calls hold the highest open interest, indicating strong resistance at these levels. On the other hand, the 24,600 puts hold the highest open interest, indicating crucial support on the downside.

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Long buildup: -

Short buildup: -

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 the ban:

To access a specially curated smartlist of the most traded and active stocks, as well as the OI gainers and losers, simply log in: https://pro.upstox.com/ ➡️F&O➡️Options smartlist/Futures smartlist In Futures and Options or F&O, long build-up means an increase in Open Interest (OI) along with a price increase, and short build-up means an increase in Open Interest(OI) along with a price decrease. Source: Upstox and NSE.

Disclaimer: Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client, and such material should not be redistributed. We do not recommend any particular stock, securities or strategies for trading. The securities quoted are exemplary and are not recommended. The stock names mentioned in this article are purely for showing how to do analysis.

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Upstox
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