- NIFTY OUTLOOK: 25050.55 FII -1100.09 cr DII 1806.34 cr
- As discussed yesterday, market behaviour remained on expected lines. Nifty opened on a negative note, tested the support of 24927 (low of 24929.70), and from there, bulls pushed the index up to our level of 25087 (high of 25088.70).
- A bullish candle on the daily chart signals continuation of the current positive trend, with resistance seen around 25103–25153. A sustained move above these levels may drive Nifty to 25204–25255.
- On the downside, immediate support is placed at 25000–24948. A break below these levels and sustained weakness could drag Nifty to 24897–24845.
- Bank Nifty Outlook:
- Spot: 55698.50 | PCR: 0.71 | Max CE OI: 57000 | Max PE OI: 57000
- On 20th August 2025, Bank Nifty closed at 55698.50, down 166.65 points (-0.30%).
- The index moved 235.25 points during the session, making a high of 55812.60 and a low of 55577.35.
- Technical View:
- Key support and resistance are placed at 55450 and 56000.
- Intraday support and resistance are at 55633 and 55765.
- Intraday Strategy:
- Go long above 55765 with stop loss 55740 and target 55825.
- Go short below 55630 with stop loss 55655 and target 55570.
- The RSI stands at 47.30, indicating neutral momentum (below 30 oversold, above 70 overbought).
- Bank nifty Day SMA Analysis:
- Bank nifty is trading above 5 out of 8 SMA’s (5, 10, 100, 150, 200 Day).
- Bank nifty is trading below 3 out of 8 SMA’s. (20, 30, 50 Day)
- No active candlestick Pattern was identified in bank nifty.
- Macros:
- 1.Dollar index @ 98.155
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