Archive · 4 Aug 2026
Gift Nifty Gap‑Up Signals Positive Start for Indian Markets
The Indian stock market is expected to start the week with a big jump, especially the Gift Nifty index, which is about 200 points higher than yesterday.
A market expert, Vaishali Parekh, says the main Nifty 50 index should stay above 24,450 to keep the mood positive.
She also points out that the Bank Nifty should stay above 56,700.
Oil prices have fallen to around $80 a barrel, which helps keep inflation worries low.
For traders, she recommends buying three stocks: RattanIndia Power, Tata Power, and HDFC AMC, each with a target price and a stop‑loss level.
Gift Nifty opens around 24,580, about 200 points above Friday’s close.
Vaishali Parekh predicts Nifty 50 will open in the 24,575‑24,600 range and stay above 24,450.
Bank Nifty support is at 56,700 with 56,000 as a key zone and 57,450 as an upside hurdle.
Oil prices fell to $80‑$81 per barrel, easing inflation concerns.
Parekh recommends intraday buys: RattanIndia Power, Tata Power, and HDFC AMC.
- Who
- Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher
- What
- Market outlook and intraday stock recommendations for the Indian stock market
- When
- Monday, 3 August 2026
- Where
- Indian stock market
- Why
- Improved risk sentiment after US‑Iran talks and lower oil prices
- Gift Nifty opening level
- 24,580
- Nifty 50 support level
- 24,450
- Bank Nifty support level
- 56,700
- Oil price
- $80–$81 per barrel
- Recommended stocks
- RattanIndia Power, Tata Power, HDFC AMC
