Nifty Today: Market Outlook, RBI MPC Highlights, and Top Stocks to Watch
Nifty 50 opened volatile amid RBI MPC policy buzz and global cues. Here’s today’s Nifty market setup, key levels, and expert picks to watch.
Table of Contents
Nifty Today: Choppy Start Ahead of RBI MPC Decision
Nifty today opened on a cautious note as traders remained on the sidelines awaiting the outcome of the RBI Monetary Policy Committee (MPC) meeting. The benchmark Nifty 50 index saw early volatility, swinging between gains and losses before stabilizing near the 22,000 mark.
Global cues remained mixed with concerns over US trade tariffs and inflation data. The Upstox early morning report indicated low FII activity and tight institutional flows.
RBI MPC Meeting: Policy Decision in Focus
The RBI MPC meeting outcome, expected later today, holds the key for near-term market direction. While most analysts expect the repo rate to remain unchanged at 6.5%, traders are watching closely for commentary on:
Inflation outlook
Liquidity management
Economic growth projections
Tone on future rate hikes
A dovish tone could lift the sentiment on nifty today and broader indices.
Global Market Factors Impacting Nifty Today
Several global events are shaping sentiment:
Trump’s proposed tariffs on key Asian exports have rattled Asian markets
Mixed US job data has increased rate cut hopes in the US
Crude oil prices remained stable
Asian peers like Nikkei and Hang Seng opened flat
These developments have created a cautious mood in the Indian equity market.
Key Nifty Levels to Watch Today
| Market Indicator | Value/Zone |
|---|---|
| Support Zone | 21,900 – 21,850 |
| Resistance Zone | 22,100 – 22,250 |
| Intraday Trend | Range-bound, bias mildly positive |
| Volatility Index (VIX) | 12.45 (as of morning session) |
Technical analysts recommend using the 21,850 level as a stop-loss for long positions.
Top Stock Picks by Analysts – August 6, 2025
As per Upstox and Livemint trade setups, here are the top stocks to buy/sell today:
Stocks to Buy:
Tata Consumer Products – Strong Q1, target ₹1,220
HDFC Bank – Support at ₹1,525, long setup above ₹1,540
Coal India – Positive volume breakout, target ₹410
Stocks to Sell:
Zomato – Weak momentum, resistance at ₹162
Paytm – Bearish trend post earnings
Indigo – Short-term breakdown below ₹3,100
Nifty Sector Outlook Today
| Sector | Outlook |
|---|---|
| Banking | Sideways to bullish |
| FMCG | Positive bias |
| IT | Weak due to US data |
| Pharma | Range-bound |
| Realty | Mildly negative |
RBI commentary will be critical for banking and NBFC stocks.
Upstox Insights for Today’s Traders
Upstox recommends caution before RBI policy announcement
Retail traders are advised to maintain low leverage
Options data indicate heavy straddle positions at 22,000
If you’re trading via Upstox, keep an eye on the 21,850 and 22,250 zones for intraday breakouts.
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FAQs on Nifty Today
1. What is the market trend for Nifty today?
Nifty is range-bound with slight bullish bias, awaiting RBI MPC decision.
2. What are the key resistance levels for Nifty today?
22,100 and 22,250 are important resistance levels to watch.
3. Which sectors are leading Nifty today?
FMCG and Banking sectors are supporting the index, while IT and Realty are under pressure.
4. Is it a good day to invest in Nifty?
Wait for the RBI announcement before making new long positions. Intraday trades should be done with strict stop-loss.
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