Pre‑Market Report (22 Aug 2025): Flat GIFT Nifty; Asia mixed, Powell eyed
Morning Snapshot
~25,086 (flat to ‑10 pts vs prev close) → Muted/sideways bias. 0
S&P 500 fell for 5th day; retail weighed (Walmart), risk light pre‑Powell. 1
Choppy to mixed; traders await Powell at Jackson Hole; US futures marginally up. 2
Brent ~$67.5–67.7; USD/INR ~87.25–87.30. 3
FII +₹1,246 Cr; DII +₹2,546 Cr (cash). 4
VIX near ~11.4 area — low‑vol regime persists. 5
Table of Contents
1) Global Cues: US Overnight & Asia Morning 2) GIFT Nifty & Opening Bias 3) Previous Close: Nifty, Sensex & VIX 4) FII/DII Flow & Rupee Watch 5) Key Intraday Levels (Nifty/Bank Nifty) 6) Sectoral Setup & Themes 7) Stocks to Watch Today 8) Intraday Trading Plan: Three Scenarios 9) Read Next (Internal Links) Disclaimer1) Global Cues: US Overnight
Wall Street closed lower on Thursday, marking the fifth straight decline for the S&P 500 as investors de‑risked ahead of Fed Chair Jerome Powell’s Jackson Hole speech. Retail lagged with Walmart sliding despite strong sales, reinforcing a cautious tone into Friday’s Asia session. 6
Bond and FX tone remains steady; equities are hypersensitive to any hint on the September policy path. For India, a steady dollar alongside low VIX implies range‑bound opening behavior barring a surprise headline. 7
Asia Morning
Asian equities traded mixed to marginally positive with South Korea firmer, Japan flat and Hong Kong subdued. US equity futures ticked up slightly, suggesting stabilization after the week’s grind lower. 8
2) GIFT Nifty & Opening Bias (as of ~07:20–07:30 IST)
GIFT Nifty quotes hovered around 25,086 — essentially flat to a few points lower — indicating a muted start for the Nifty 50. The tone aligns with global caution ahead of Powell; early ticks may be headline‑driven and choppy. 9
GIST: Expect a sideways open; respect opening range/VWAP and avoid over‑trading until breadth confirms.
3) Previous Close (21 Aug)
The Nifty 50 settled at around 25,083.75 (+0.13%), extending gains; the Sensex finished up ~142 pts. India VIX hovered near the low‑11s, signaling compressed intraday ranges. 10
4) Flows & Rupee Watch
Institutional flows (21 Aug): FIIs were net buyers ~₹1,246 Cr in cash, while DIIs bought ~₹2,546 Cr. Persistent DII support has been a shock‑absorber near the 25k pivot. 11
Rupee: USD/INR has been stable in the 87.20–87.35 zone this week; early 22 Aug prints show ~87.25–87.30. Such stability, alongside Brent ~$67.5, keeps macro under control for equities. 12
5) Key Intraday Levels (22 Aug)
Nifty 50
- Immediate supports: 24,980 / 24,900 / 24,820
- Immediate resistances: 25,200 / 25,260 / 25,350
- Bias trigger: Sustained trade above 25,200 can extend pullbacks; below 24,900 re‑opens 24,820.
- Reference: Prior close ~25,083.75; VIX near 11.4. 13
Bank Nifty
- Supports: 55,300 / 55,000 / 54,750
- Resistances: 55,900 / 56,200 / 56,500
- Setup: Watch PSU vs private bank breadth; PSU leadership on low‑VIX days often guides index turns.
Levels are analytical zones based on prior structure/round numbers; align with your system and risk rules.
6) Sectoral Setup & Themes to Track
- IT: Global tech softness persists; prefer selective quality; watch USD/INR for export tailwinds. 14
- Banks/Financials: DII demand + PSU leadership supportive; breadth confirmation needed above 55,900 Bank Nifty.
- Energy & OMCs: Brent steady around high‑$60s keeps marketing margins comfortable near term. 15
- Consumption/Autos: Track GST chatter and rates trajectory; dips being accumulated by DIIs. 16
- Defence/Capital Goods/Infra: Remain structural strength pockets; look for order‑book headlines.
7) Stocks to Watch (22 Aug)
Pre‑open buzz (verify live quotes):
- IndusInd Bank, India Cements, Godrej Properties, Clean Sciences, Exide Industries — in focus per today’s watchlists. 17
- Ola Electric, Reliance Power — momentum/flow‑based interest flagged in morning scans and local media lists. 18
Use event‑driven risk controls (reduced size, ORB confirmation) around opening volatility.
8) Intraday Trading Plan: Three Scenarios
A) Gap‑Flat / Mild Gap‑Down (Higher probability)
- Let Opening Range form; avoid first 5 min.
- Longs only on reclaim of 25,200 with rising breadth/cum‑delta; trail below VWAP/OR‑low.
- Fails back under 25,080 → fade to 24,980/24,900 supports.
B) Risk‑Off Continuation
- Lower‑highs near VWAP; confirmation below 24,900 unlocks 24,820.
- Prefer ITM puts or bear‑spreads on low‑VIX decay; modest size.
C) Surprise Risk‑On Reversal
- Trigger: sustained move above 25,260 + financials breadth.
- Targets: 25,350 → 25,420; avoid chasing extended candles — buy dips to VWAP.
Risk discipline: Max daily loss ≤ 0.5% of capital; stop after 2R loss or 3 consecutive losses.
9) Read Next (Internal Links)
Key Sources
- US close (Aug 21): WSJ live markets wrap; Investopedia market wrap. 19
- Asia morning/global wrap: Reuters. 20
- GIFT Nifty early ticks (around ~07:20–07:30 IST): NSE live board snapshot. 21
- FII/DII cash activity (21 Aug): Moneycontrol dashboard; Trendlyne. 22
- India VIX & prior close: Investing.com historical VIX; NSE ticker. 23
- Crude & USD/INR context: FT commodities; Investing.com USD/INR daily. 24
- Stocks to Watch lists: ET Markets “trade setup/stocks in news”; IIFL “Top stocks for today”. 25
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