As of August 21, 2025, Nifty 50 closed at 25,083.75, marking a modest gain of 33.20 points (0.13%) from the previous session. The index opened higher at 25,142, but encountered resistance near 25,153.65, ultimately trading in a range of 25,054.90–25,153.65.
This price action forms a small bullish candle with a long lower wick—akin to a hammer—indicating buying support at lower levels despite intraday volatility, hinting at cautious optimism among participants.
Pre-Market Signals & Sentiment
GIFT Nifty futures suggest a slightly negative open for the broader market, down approximately 30 points. Investors are treading carefully amid profit-booking following a recent rally, uncertainty ahead of the Jackson Hole symposium, and spiking domestic bond yields stemming from GST rationalization concerns.
Asian markets are broadly mixed, with weak US cues weighing on sentiment; this backdrop further tempers bullish momentum for today’s session.
Key Technical Levels to Watch
- Support zone: Sustained above 25,000–24,850 remains critical to preserve the recent upside momentum.
- Resistance zone: Immediate challenge at 25,140–25,200; a breakout above this range could propel gains toward 25,250–25,650.
Short-Term Technical Forecast
If Nifty can hold above the 25,000 level, it may build a base for a steady climb. A decisive move above 25,140 could trigger upside momentum toward the 25,200-25,250 range. Conversely, a break and close below 24,910 (closing stop-loss for bulls) might invite short-term weakness.
Outlook for August 22, 2025
Given the mixed global tone, modest uphill challenge at resistance, and firm support around 25,000, today’s session is likely to be range-bound with limited directional conviction. Market participants may prefer to sit tight, waiting for clearer signals post-Jackson Hole and developments in bond yields or earnings surprises.
Trading Plan
- For cautiously bullish traders: Monitor 25,140–25,200; a sustainable break here could offer a swing entry toward 25,250–25,300.
- For cautious bears: A close below 24,910 could make a short-position setup, aiming toward the lower band in the mid-24,800s.
- Keep an eye on global cues, bond yield movements, and any earnings news that may swing sentiment quickly.
Conclusion
In summary, Nifty 50 appears range-bound to start the day. A breakout above 25,140 may set the stage for further upside, while a breakdown below 24,910 would open the downside path. Caution is warranted—traders should watch key technical levels and global triggers closely before making bold directional bets.
