Trade setups for 05/08/25

Nifty may open on a plat note as per SGX NIFTY. In yesterday trading Nifty had taken support at lower neck line of falling wedge which is formed in hourly charts where it is existing around at 24540 levels so I am expecting this is the bottom level for nifty until upto closed below this level on daily closing basis. The RBI MPC outcome will be announce tomorrow morning at 10 A. M it will decides tbe further trend in nifty so many analysts expected dovish stance from this policy if any surprised outcome delivered by RBI it will the nifty either positive or negative direction as per as per decision of policy. NETWEB TECHNOLOGY breakout has been occurred in this stock so investors can add this stock to their portpolios at support levels with strict stop losses.

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