Trade Setup for August 12: Top 15 things to know before the opening bell- Grow Mudra

Trade Setup for August 12: Top 15 things to know before the opening bell

12 Aug , 2026 By : Debdeep Gupta

The Nifty 50 saw a half-percent correction amid range-bound trading on August 11, after almost hitting the lower end of the August 4 range intraday, near 24,430. Despite this, the broader structure remains positive, but weakening momentum indicators signalled a continuation of the consolidation phase, while rising oil prices also made market participants somewhat cautious. If the index breaks and sustains below Tuesday’s range, a fall towards 24,350 (50-day EMA) and 24,200 (100-day EMA) cannot be ruled out. However, in the event of a rebound, resistance is placed in the 24,600-24,700 range, according to experts.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (24,472)

Resistance based on pivot points: 24,549, 24,584, and 24,640

Support based on pivot points: 24,436, 24,401, and 24,345

Special Formation: The Nifty 50 formed a sizeable bearish candle with a minor lower shadow on the daily charts, indicating selling pressure amid range-bound trading. The index fell marginally below the 23.6 percent Fibonacci retracement of the recent sharp rally but still traded well above all key moving averages. The RSI fell to 56.1 and witnessed a bearish crossover, while the MACD inclined downward towards the signal line and the green bar on the histogram faded for the fourth consecutive session, all of which indicated a moderation in momentum and weakening buying strength.

2) Key Levels For The Bank Nifty (57,446)

Resistance based on pivot points: 57,575, 57,681, and 57,853

Support based on pivot points: 57,232, 57,126, and 56,955

Resistance based on Fibonacci retracement: 59,247, 61,787

Support based on Fibonacci retracement: 57,305, 56,441

Special Formation: The Bank Nifty formed a bearish candle with a long lower shadow on the daily timeframe, indicating that buying interest emerged at lower levels. The index took support at the 50 percent Fibonacci retracement of the recent rally from the July low, as well as the 50-day EMA, and recovered from those levels to close off the day’s low with a 0.42 percent loss. The index closed below its short-term moving averages but remained above its medium- and long-term moving averages. The RSI declined to 49.95 and witnessed a negative crossover, while the MACD showed a bearish crossover, with the histogram turning red for the first time in the last five sessions. All these indicators point to a moderation in momentum and a shift towards sideways-to-bearish bias in the near term, although the recovery from key support levels suggests that buying interest remains at lower levels.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 25,000 strike (with 65.07 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,500 strike (51.37 lakh contracts) and 24,700 strike (48.3 lakh contracts).

Maximum Call writing was observed at the 24,500 strike, which saw an addition of 39.91 lakh contracts, followed by the 25,000 and 24,700 strikes, which added 29.07 lakh and 26.2 lakh contracts, respectively. There was hardly any Call unwinding seen in the 24,050-25,000 strike band.

4) Nifty Put Options Data

On the Put side, the 24,500 strike holds the maximum Put open interest (with 42.69 lakh contracts), which can act as a key level for the Nifty in the short term. It was followed by the 24,200 strike (35.35 lakh contracts) and the 24,400 strike (31.24 lakh contracts).

The maximum Put writing was placed at the 24,500 strike, which saw an addition of 24.45 lakh contracts, followed by the 24,400 and 24,200 strikes, which added 19.02 lakh and 16.91 lakh contracts, respectively. The maximum Put unwinding was seen at the 24,600 strike, which shed 4.08 lakh contracts, followed by the 24,650 and 24,700 strikes, which shed 67,535 and 26,910 contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 58,000 strike, with 23.7 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 57,500 strike (7.16 lakh contracts) and the 57,000 strike (6.34 lakh contracts).

Maximum Call writing was observed at the 57,500 strike (with the addition of 2.36 lakh contracts), followed by the 57,300 strike (77,160 contracts) and 57,400 strike (51,240 contracts). The maximum Call unwinding was seen at the 57,900 strike, which shed 21,150 contracts, followed by the 58,100 and 58,000 strikes, which shed 14,910 and 9,540 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 58,000 strike holds the maximum Put open interest (with 15.38 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 57,000 strike (9.8 lakh contracts) and the 57,500 strike (5.48 lakh contracts).

The maximum Put writing was placed at the 57,300 strike (which added 89,040 contracts), followed by the 57,200 strike (47,970 contracts) and 57,500 strike (28,920 contracts). The maximum Put unwinding was seen at the 58,000 strike, which shed 1.09 lakh contracts, followed by the 57,700 and 57,800 strikes, which shed 66,420 and 61,860 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, increased to 1.00 on August 11, from 0.99 compared to previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India VIX

India VIX, the volatility index, fell 3.18 percent to 11.85 and remained below its short-term moving averages since July 27, signalling support for the bulls and low uncertainty in the market.

10) Long Build-up (24 Stocks)

A long build-up was seen in 24 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (52 Stocks)

52 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

12) Short Build-up (93 Stocks)

93 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

13) Short-Covering (44 Stocks)

44 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.