NIFTY kicked off the new trading week on a strong note, surging past key resistance levels with ease. Following a significant gap-up opening, buyers maintained firm control during the first half of the session, steadily pushing the index higher and reinforcing the prevailing bullish momentum. However, a bout of profit booking in the second half threatened to erase a portion of the early gains. But the index witnessed a sharp surge towards the fag end of the session, largely aided by the implementation of the new settlement procedure, which propelled prices higher. As a result, NIFTY ended the day near its highs at 24774, registering gains of 1.30%.
Daily_Technical_Report040826
Published on 4th August 2026
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