Nifty 50 and Bank Nifty Outlook for August 8, 2025

Markets staged a modest recovery on August 7 as Nifty closed above the key pivot level, while Bank Nifty reversed sharply from intraday lows despite technical weakness across indicators. Both indices continue to exhibit signs of caution with high volatility and weak trends, though key support levels are holding firm — hinting at a possible pause in the ongoing correction.

Nifty 50 Outlook For August 8, 2025

Nifty closed at 24,626.65, rebounding from a day’s low of 24,344.15, indicating buying interest near support zones. The index managed to stay above the classic pivot level of 24,524.83, but now faces immediate resistance at 24,705.52 (R1) and 24,814.88 (R2). The upper Bollinger Band is placed at 25,358.50, while the lower band lies near 24,463.88, offering a defined trading range.

Nifty 50 Chart And Trend 

Nifty 50 Technical Levels

Nifty 50 Forecast August 8, 2025

This Nifty price prediction is further reinforced by a bearish crossover across both short-term and medium-term moving averages, while long-term structure remains intact. Traders should closely watch for a decisive break above 24,814 to confirm trend reversal, or a fall below 24,524, which may open doors to lower levels like 24,234. The Nifty price prediction also considers high volatility (ATR: 205.72) and a strengthening trend (ADX: 28.46), indicating a potentially sharp move ahead—either side.

Bank Nifty Outlook August 8, 2025

Bank Nifty ended the day at 55,521.15, recovering from the low of 54,973.55, and holding above the daily pivot point of 55,369.83. The rebound from intraday lows formed a dragonfly doji on the weekly chart—often indicative of a potential reversal. Resistance levels are now placed at 55,766.12 (R1) and 56,011.08 (R2), while support rests at 55,124.87 (S1) and 54,728.58 (S2).

Bank Nifty Chart And Trend

Bank Nifty Technical Levels

Bank Nifty Forecast August 8, 2025

This Bank Nifty forecast also factors in low volatility (ATR: 508.69) and a weak trend (ADX: 23.75). Traders should watch for a break above 56,011 to confirm a bullish reversal, or a slide below 54,728 for renewed downside pressure. In this Bank Nifty price prediction, traders are advised to monitor intraday volume and volatility patterns closely for directional confirmation.

Outlook for the Week:

Expect range-bound volatility between 55,148 and 57,578. The index is at a crossroads between short-term bearish momentum and long-term bullish support. Traders should watch for breakout cues before committing to fresh trades.

RA Disclaimer: The information provided here is for educational and informational purposes only and should not be construed as investment advice. You are solely responsible for conducting your research and due diligence before making financial decisions.