- The index commenced the week on a positive note; however, strong selling pressure emerged from the 23,237.60 level, reversing early gains. This sustained downward momentum throughout the week resulted in the formation of a prominent bearish candlestick on the weekly chart. By the close of the week, the index had declined sharply by 609.55 points (-2.77%), reflecting increased selling interest and a shift in market sentiment towards weakness
- On the momentum front, the RSI stands at 34.99, reflecting flat to slightly negative momentum and indicating a lack of bullish strength in the index
- Key levels to watch are 22,050 followed by 22,350 on the up side while on the downside, support lies at 21,200 followed by 21,000
| Outperformers | Underperformers |
|---|---|
| FORTIS, LUPIN | BIOCON, DIVISLAB |
NIFTY PSU BANK
Date: 11-Aug-2025
- On the weekly timeframe, the PSU Bank Index advanced by 107.90 points (1.59%) from its support zone, rebounding strongly after taking crucial support at the 20 EMA. The index opened on a positive note and sustained its upward momentum, reflecting strong bullish sentiment
- On the momentum front, the RSI stands at 44.18, edging higher and signaling a mild positive shift, while indicating diminished bearish pressure in the index.
- Key levels to watch are 6950 followed by 7050on the up side while on the downside, support lies at 6750 followed by 6600
| Outperformers | Underperformers |
|---|---|
| MAHABANK, INDIANB | UCO BANK, PSB |
NIFTY FMCG
Date: 11-Aug-2025
- The NIFTY FMCG Index opened the week on a negative note and encountered selling pressure from the 56,431.30 level, leading to a sharp decline of 1,296.10 points (-2.31%). The session ended with a bearish candle, highlighting prevailing weakness in the index
- On the momentum front, the RSI stands at 47.41, reflecting flat to slightly negative momentum and indicating a lack of bullish strength in the index
- Key levels to watch are 56,300 followed by 57,000 on the up side while on the downside, support lies at 54,550 followed by 54,000
| Outperformers | Underperformers |
|---|---|
| PIDILITIND, TITAN | KALYANKJIL, GODREJCP |
NIFTY REALTY
Date: 11-Aug-2025
- The index opened the week on a positive note but faced selling pressure from the 915.75 level, forming a negative candlestick on the weekly chart and ending the week lower by 22 points (-2.45%)
- From a technical perspective, the price is trading below both the 20 and 50 EMAs, signaling weakness in the uptrend. Additionally, the RSI stands at 28.41, below its moving average, indicating prevailing bearish momentum in the index.
- Key levelsto watch are 915 followed by 950 on the upside while on the downside, support lies at 860 followed by 800.
| Outperformers | Underperformers |
|---|---|
| DLF, GODREJPROP |
Sector Performance
Pick of the week
| Scrip | Trade | Entry above | Target | Stop loss |
|---|---|---|---|---|
| MEDANTA | BUY | 1423 | 1507 | 1355 |
Rationale
- MEDANTA is currently at a crucial juncture, having recently broken out from a rounding chart pattern on the daily chart. This price behavior suggests that buyers have been steadily accumulating at lower levels over the past month, paving the way for potential upside
- The stock is trading above the 20-day EMA (short-term trend indicator) & 50-day EMA (midterm trend indicator), confirming short-term strength and acting as a support zone.
- The RSI (Relative Strength Index) is currently at 71.64, indicating strong upward momentum. If the stock holds above its breakout level, the rally could continue
- The 1400 level acts as a strong support zone, presenting a potential buying opportunity on any meaningful pullback. Traders can adopt a phased accumulation approach, deploying 50% of the position at current levels
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