Markets closed lower on 07 Aug 2026 with NIFTY shedding 0.27% to 24,570.65, BANKNIFTY dropping 0.55% to 57,746.45, and SENSEX falling 0.58% to 78,499.17 — a broad-based mild sell-off heading into the 10 Aug session.
All three indices carry Descending CPR structures into Monday, meaning the entire CPR band sits below Friday's close, positioning the CPR as overhead resistance rather than a launchpad for early buyers. NIFTY and SENSEX show ultra-narrow CPR widths (0.02% and 0.06%) signalling high trend-day probability, while BANKNIFTY's 0.11% Medium CPR suggests a more balanced, pivot-driven session.
OI resistance walls sit within striking distance of price: NIFTY CE wall at 24,600 (weekly Max Pain also 24,600), BANKNIFTY CE wall at 58,000, and SENSEX CE wall at 78,500 — essentially at Friday's close. The first 15–30 minutes near the CPR band will likely determine whether option sellers defend these walls or a breakout triggers rapid unwinding.
Overall view: the market opens with a structural bearish lean; the key question is whether buyers can reclaim TC levels (NIFTY 24,576.58, BANKNIFTY 57,840.50, SENSEX 78,567.24) early to negate it. Use the Narrow-CPR 15-minute rule for NIFTY and SENSEX and the Medium-CPR 30-minute rule for BANKNIFTY.
This analysis is for educational purposes only and is not investment advice.