28-Aug-2025
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Nifty 50 Outlook For August 29, 2025
Today's trading session for the Nifty 50 was a textbook example of bearish control. The index opened at 24,695.80 and saw a brief uptick to a high of 24,702.65, which was quickly rejected. This was followed by a sustained sell-off, with the index sliding to a low of 24,481.60 before closing at 24,533.10. The close near the day's low and below the daily pivot confirms the overwhelming selling pressure.
This price action aligns with the broader technical indicators, which are signalling weakness. The Nifty has decisively breached its 50-day and 100-day moving averages, a crucial bearish sign. The RSI has also triggered a bearish crossover, reinforcing the loss of upward momentum.
Nifty 50 Chart
Nifty 50 Technical Levels
| Indicator | Value | Action |
| RSI(14) | 41.98 | Bearish |
| MACD(12,26,9) | -37.05 | Bearish |
| Stochastic(20,3) | 26.54 | Bearish |
| ROC(20) | -1.08 | Bearish |
| CCI(20) | -58.05 | Bearish |
| Williamson%R(14) | -73.46 | Bearish |
| ATR(14) | 203.29 | Low Volatility |
| ADX(14) | 23.47 | Weak Trend |
| Bollinger Band(20,2) | UB: 25,112.62 | |
| LB: 24,338.75 | ||
| SMA20 : 24,725.68 | ||
Nifty 50 Forecast For August 29, 2025
For the next trading day and the coming week, the outlook remains cautious and weak. The index is likely to face immediate resistance near 24,700. A continued breakdown below the 24,480-24,500 support zone could extend the correction towards 24,200. Traders should consider a "sell on rise" strategy until the market can reclaim and sustain a level above its key moving averages. The overall technical setup, combined with external factors like the recent US tariffs on Indian goods, suggests that the market may remain volatile with a downward bias.
Bank Nifty Outlook For August 29, 2025
Bank Nifty witnessed another sharp decline, closing around 53,820, breaching key daily supports as bearish momentum intensified. The daily chart shows a clear breakdown from recent consolidation, with all short- and medium-term moving averages (5, 10, 20, 50, 100 SMA) signaling bearishness, while only the 200-SMA holds bullish bias, keeping the broader structure intact. Indicators paint a weak picture — RSI at 29.68 signals oversold yet bearish conditions, while MACD remains deep in the red at -408. Stochastic, CCI, and Williams %R are also in oversold zones, hinting that selling pressure may be overextended in the short term.
Pivot analysis places immediate support at 53,598–53,376, with deeper risk toward 52,984 if selling persists. Resistance is capped near 54,200–54,600, aligning with falling averages. The weekly chart confirms a decisive breakdown, with strong bearish candles reinforcing the downside bias, though ADX at 25.4 indicates a strong but stabilizing trend.
Bank Nifty Chart
Bank Nifty Technical Levels
| Indicator | Level | Indication |
| RSI(14) | 29.68 | Bearish |
| MACD(12,26,9) | -408.29 | Bearish |
| Stochastic(20,3) | 2.63 | Oversold |
| ROC(20) | -3.98 | Bearish |
| CCI(20) | -261.67 | Oversold |
| Williamson%R(14) | -97.07 | Oversold |
| ATR(14) | 504.71 | Low Volatility |
| ADX(14) | 25.4 | Strong Trend |
| Bollinger Band(20,2) | UB: 56,366.26 | |
| LB: 54,383.70 | ||
| SMA20 : 55,374.98 |
Bank Nifty Forecast For August 29, 2025
For the next session, Bank Nifty may attempt a technical pullback if support near 53,600 holds, but the broader tone remains bearish. The volatility is expected with a bias toward further weakness unless the index reclaims 54,600–55,000 zones decisively. Short-term traders should remain cautious, while positional players should watch for signs of bottom formation around 53,000–53,500.