NIFTY & BANK NIFTY Analysis for Tomorrow — Stock Market Outlook — 10 August 2026, Monday

[00:00:00] Speaker 1: hello and welcome to callagre market our daily program on nifty and bank nifty analysis okay this week who knows i mean okay first of all um there is a little bit of a problem with the tariff getting imposed not getting imposed but technically now us i mean it's a long sequence of events basically 100 tariff the idea has come up again in the heads of many people so the precise thing is let's ask what happened with 100 tariff again so ai mode yeah so it gives donald trump the discretionary authority to impose tariffs up to 100 percent on goods from the world's top five buyers of russian oil and gas which is obviously there is india right and it's a very strong vote 86 to 1. so that's very heavy target countries are india china slovakia hungary and azerbaijan okay so again the bill does not trigger 100 tariff instead it gives power to you know if he's like a medical tariff pro he can say that right so that's what has happened number one number two let's see iran scene again trump prepares to declare iran war okay so there's a lot of random stuff happening there okay but okay see nobody really knows again what's going to happen but i'll give you one clue if tomorrow despite this uh you know uh despite this uh tariff despite this uh hormus if uh tomorrow market does not go down significantly then nifty might be going for a big bull run so what i'm saying is if the market does not react to this bad news then the market is fundamentally strong right so i don't know what will happen tomorrow morning nobody knows uh but i'm saying if it falls it doesn't mean anything but if it does not falls boss then this is a very strong market and we are going to see much higher level so let's go one by one um um if t forming a doji cross on weekly daily to matlab there's no point in looking at daily anymore cash neighbor was kardia daily right but it's the highest weekly close since march but we have talked about that before so i won't write it again and this is the beginning of august so bank nifty confirming bullish rami by the way let me also show something else binance uh perpetual again i'm not asking you to open a binance account i'm not getting paid by anybody i'm just saying if you're wondering where crude is trading on a weekend this is a very good place to do that right then cls usdt cl usdt and xau usdt hopefully yes this is gold is pretty flat here because if you look at gold on trading view closing was 43 41 it's still 43 60 so it's not like some major move has happened in gold so gold is flat crude oil is also flat cl usdt so nothing major uh in the sense uh the world is not pricing in some insane stuff happening tomorrow morning right uh unfortunately we don't have uh what's that thing called uh gift nifty on balance or any other exchange which trades over the weekend but yeah it's what it is open interest okay okay this is not looking great because 24 600 and above has resistance 24 600 and above has resistance support side is weak right no big support scene 0.7 around 8 dm and overall which is a little weak right now let's go to so tomorrow maybe we'll have some uh yeah this is not looking great because if i is bearish client is bullish pro is practically neutral because uh oh no pro is also bearish so pro is bearish if i is bearish so friday oh i change if fii and pro bearish clients bullish by the way i have one public uh interest announcement to make see if you find a company like a mid-sized company or any reasonably sized company is uh spamming you with phone calls uh there are all these databases which you can get uh where you will find like uh connections of uh marketing head and sales head of all these companies i mean in fact you will get it even without doing too much trouble please put their numbers in the choicest indoor scammers and like you know or just uh spam on their linkedin boss you're you're calling me please stop you're calling me please stop it's becoming a nonsensical like it's crazy how many spam calls come i don't know about uh yeah nobody does nothing right spam is just such a bloody drain on the system anyway uh okay so let's go to futures data yeah yeah yeah so slight increase in shots fii adding some shots to the tune of for 800 minor pros so this is not some shots this is significant adding shots you know 900 pros futures and if i bought 480 crores in cash which is conflicting so what's the verdict before we go to verdict as usual we'll look at everybody else snp was up on friday nearing all-time high crazy right crazy we're doing absolute crazy bonkers nasdaq is up highest ever close in nasdaq after um that madness which happened sometime in june uh usdin is that's around spacex right here usdin are flat indian denier bond that's giving me hopes i think it will strengthen further i have no idea how though what will drive it but it looks like that gold is in an interesting stage i am very tempted to say gold can go down here a little bit but it all depends on what happens at this what 300 zone silver looks also looks like there's something here us 10-year bonds are largely stable but again it all depends on straighter formers and whatever um tariff on china etc etc bitcoin interestingly has crept up a little bit so what's our verdict for india that's our big question right [00:09:38] Speaker ?: so so so so so so so [00:09:55] Speaker 1: so okay okay chart is in nifty mixed bank nifty bullish oi data week fii data week uh plus there's uh plus there is tariff uh plus there is tariff so tomorrow we may see a dip at the open if the market does not correct if the market recover it might signal underlying strength or that's that's such a stupid thing to say right obviously if it is recovering it will show you the market does not fall much and may present and may present buying opportunity but event risks actually i don't want to say that because on the one hand there is tariff uh tariff plus iran deal equal to question question question question nobody knows this right trades um tomorrow's market reaction to be assessed before new trades like see or let me just take one step back this is nifty actually let me put it in sensible charts because again there's nothing which particularly says market is weak here in fact it looks strong to me simply because it gave the highest ever close and then it has not filled the gap etc right and it's still above this breakout zone and even on a monthly candle see there's nothing that tells you that this is a weak monthly formation why because this is a bullish harami tried to break it again bullish harami again broke out this is challenging the top of the previous candle and it's actually looking to fill this 25 100 wala gap so chart wise is nothing that tells me to be cautious at least right now in nifty similarly if you look at bank nifty it's in this uh yeah you can see this thing happening here right and on a weekly basis also there's nothing that says that this thing is weak here this is a bullish harami getting confirmed right even on a monthly scale in bank nifty oh sorry see there's no reason to think that this is a weak candle right it's consistently giving higher and higher and higher monthly close in fact uh march close was lower i mean april close was higher than uh march close this close is above this open this close is higher this close is higher yeah i know there is a tariff and there is trump and all that but i don't know man it's like and see we never know what is the real reason for this um tariff right there is a tariff right there is a fcra happening on the side you know like basically it's like this dude like we have a us can make india agree to a lot of things which is not in the best interest of indians by turning on a lot of levers right let's face it um okay it's very um sort of disturbing fact but you are at the end of the day 200 years back their ancestors did science their ancestors did technology they conquered the world they amassed wealth from everywhere they set up a language system in which even i am speaking to you right now this set up world's financial systems they set up swift they set up the world's trade system united states navy made the world safe for trade they control trade routes everywhere if you can navigate through somalia and dayden and malacca safely right now it's because of us or it's alive and look if a country has put in so much work uh they will have a lot of clout on other countries uh which didn't do exactly all of that right so at the at the end of the day saudi has listened to us because us basically is uh giving protection taking protection money from the rolling family of uh saudi saudi saudi europeans listen to us because the moment us goes away they are at the mercy of uh russia let's face it because that's what happened last time uh in uh over berlin right us protects japan from china us does this and i don't even know if um it is even in my pay grade to even remotely starting to wonder what all us does for india we have no idea and if they are doing a lot of things for india chances are that we don't have too much leverage over them except to you know um listen to whatever they are saying right um so yeah i i am not entirely sure if they will impose tariff because they might not even need to impose tariffs they'll have several other levers so i really don't know if this hundred percent tariff is directed at india or if it is directed at somebody else um so yeah yeah so you know we are in a very tricky situation but what's up chodo here at the end of the day market looks very uh positive at see despite everything i don't see any significant um negative reactionary case yet unless of course tomorrow some massive reaction comes and i'm wrong right um for me the base case still remains that nifty is highly likely to test this gap this 2500 odd gap and it might even pump more than that because there are around 200 ipos which are lined up in us sorry in india the other thing is um one thing which worries me is suddenly lic did like uh i don't know if you know this right lic fpo there was an lic fpo um in august uh at six and a half percent i am did anybody talk about that nobody talk about that right so there was it but was it completed i don't know bidding took place on yeah so but i mean uh anyway the point is there was a major uh fpo in india uh recently but anyway uh what's my view on crude oil asks roo hit 20 row row hit i see man sorry i am such a boomer now yeah dude my answer to that is see i have always maintained this crude oil is highly likely to retest this 65 level and there is even lower possibility it might come back to this trend line if that happens we are headed into a deflationary environment very little question about that will this breakout sustain i don't know it had been in this channel for quite some time it tried to re-enter this channel um maybe we can have a second rate test and we have to see whether it will bounce back or come down but i'll zoom out and show something much more historically relevant and significant see this is us dollar against crude this uh if this trend line breaks okay a lot of stuff can happen but at least as of now it looks like we have hit the peak of oil and we might we won't go and all but i won't be surprised if we see sub 60. um but anyway so tomorrow we'll see in the morning and then take a call there there's no point in guessing now what will happen right so that is our analysis for today we'll see you again tomorrow thank you so much for joining and as you should please take care and keep your capital safe bye