Friday’s trading session reflected a clear bearish sentiment across the Indian stock market. Both benchmark indices, the Nifty 50 and the Sensex, opened on a weaker note and extended their losses throughout the session, marking the third straight day of decline. The broader market weakness was underscored by the fact that key indices slipped below several crucial moving averages, indicating a deterioration in short- to medium-term momentum. Investor sentiment appeared cautious, with momentum indicators like RSI pointing toward a shift away from the overbought territory, suggesting the potential for further downside or consolidation.
Sectorally, while most indices ended in the red, there were pockets of resilience, particularly within FMCG and media stocks, which saw modest gains driven by specific outperformers. On the flip side, capital markets and realty stocks led the decline, with notable underperformance among financial service providers and real estate developers. Global cues were mixed, with Asian markets showing a split trend and US futures also indicating mild weakness, adding to the prevailing cautious mood in domestic markets.
In this overview, we will analyze the key technical levels and trend directions for Nifty and BSE Sensex to monitor in the upcoming trading sessions. All the charts mentioned below are based on the 5-minute timeframe.
NIFTY 50 Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The Nifty 50 Index opened on a negative note at 24,466.70 on Friday, down by 34.2 points from Thursday’s closing of 24,500.90. The Nifty Index, which began the morning session on a bearish note, was consolidated above the 24,450 mark and rebounded by making its day high above the 24,550 mark. The Index was traded above its opening level at 24,539. During the morning session, the index traded below all four EMAs of 20/50/100/200 in the 15-minute time frame and was trading between 24,450 and 24,550. In the afternoon session, the index lost its momentum and pulled down from the 24,550 level to the 24,400 level in the afternoon; the Nifty Index held below the 24,450 level, trading in red. Overall, the Friday session saw the Nifty 50 in a bearish state. During the afternoon session, the Nifty 50 traded below all four EMAs of 20/50/100/200 in the 15-minute time frame.
Nifty’s immediate resistance levels are R1 (24,465), R2 (24,577), and R3 (24,692), while immediate support levels are S1 (24,402), S2 (24,304), and S3 (24,177).
The Nifty index had reached a day’s high at 24,572.45, ended in red below the 24,450 level, and saw a day’s low at 24,404.70. Finally, it had closed at 24,426.85, losing 74.05 points, or 0.30%. The Relative Strength Index (RSI) stood at 39.14 (below the overbought zone of 70 but nearing the oversold zone in the daily time frame), and the Nifty 50 closed below the 20/50/100 EMAs but remained above the 200 EMAs in the daily time frame.
Bank Nifty Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The Bank Nifty Index started the session on a negative note at 53,660.35 on Friday, down by 160 points from Thursday’s closing of 53,820.35. The index began the morning session on a negative note but rebounded from a low to a day’s high at the 54,086 mark and traded above its opening level at 53,917. The index was below all four EMAs of 20/50/100/200 in the 15-minute time frame and was trading between 53,650 and 54,100 levels in the morning session. The Bank Nifty index lost its momentum and pulled down during the afternoon session, plunging to the 53,600 mark and trading in the red. During the afternoon session, Bank Nifty closed below all four EMAs of 20/50/100/200 in the 15-minute time frame.
Bank Nifty immediate resistance levels are R1 (54,330), R2 (55,008), and R3 (55,607), while immediate support levels are S1 (53,606), S2 (53,145), and S3 (52,783).
The Bank Nifty index had peaked at 54,086.00 and made a day’s low at 53,606.45. Finally, it had closed in red at 53,655.65, breaking below the 53,700 level, losing 164.7 points or 0.31%. The Relative Strength Index (RSI) stood at 27.45 and entered the oversold zone in the daily time frame, and Bank Nifty closed below all four EMAs of 20/50/100/200 in the daily time frame.
BSE Sensex Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), 200 EMA (Dark Blue)).
The BSE Sensex Index opened on a negative note at 80,010.83 on Friday, down by 69.74 points from Thursday’s closing of 80,080.57. The Index was more volatile in the morning session; after a bearish start, the Index sustained above the 80,000 mark and later made its day’s high at 80,310.74. The Index was trading above its opening level in the morning session at 80,207 and was traded below all four EMAs of 20/50/100/20 EMA in the 15-minute time frame and was trading between 79,900 and 80,300 in the morning session. The Sensex Index lost its momentum and fell down to the 79,750 mark in the afternoon session but held above 79,800, maintaining its overall negative trend and was trading below all four EMAs of the 20/50/100/200 EMA in the 15-minute time frame.
BSE Sensex immediate resistance levels are R1 (80,311), R2 (80,856), and R3 (81,233), while immediate support levels are S1 (79,748), S2 (79,343), and S3 (78,784).
The BSE Sensex index had peaked at 80,310.74 and made a day’s low at 79,741.76. Finally, it had closed at 79,809.65 in red, losing 270.92 points, or 0.34%. The Relative Strength Index (RSI) stood at 37.83 (below the overbought zone of 70 but nearing the oversold zone in the daily time frame), and the BSE Sensex closed below all four EMAs of 20/50/100/200 EMA in the daily time frame
Market Recap on 29th of August 2025
With broader market indices closing lower for three straight trading sessions, Friday’s trading session got off to a negative start. Down -34.20 points from the previous level of 24,500.90, the Nifty 50 opened weakly at 24,466.70 and continued to decline, closing at 24,426.85. The index ended below the 20/50/100-day EMAs but remained above the 200-day EMAs on the daily chart, representing a fall of -74.05 points, or -0.30%. Mirroring the negative trend, the BSE Sensex saw a fall of -270.92 points, or -0.34%, from its beginning price of 80,010.83 to its closing price of 79,809.65. With the Sensex RSI at 37.83 and the Nifty 50’s Relative Strength Index (RSI) at 39.14, both well below the overbought level of 70, momentum indicators also showed waning confidence. The Sensex dropped below the 200-day EMA as well, breaching all of the EMAs. However, it later recovered and ended above the 200-day EMA. The Bank Nifty Index also suffered, dropping -164.70 points, or -0.31%, to close at 53,655.65.
With the exception of a few gainers, most sectoral indices closed the day lower. The top gainer, the Nifty FMCG Index, closed at 56,141.85, up 528.90 points, or 0.95%. With a 3.05% increase, Colgate-Palmolive (India) Ltd topped the gains, followed by ITC (2.21%) and United Spirits (2.30%), two major FMCG firms. One of the top gainers was the Nifty Media Index, which ended the day at 1,612.00, up 5.65 points, or 0.35%. With a 3.1% increase, Tips Music Ltd led the gains, followed by DB Corp. Ltd (up 1.30%) and Nazara Technologies Ltd (up 1.90%), two more FMCG stocks.
The Nifty Capital Markets Index fell the most during Friday’s trading session among the main losers. The index closed at 4,092.35, down -76.40 points, or -1.80%. KFin Technologies Ltd lost – 2.7%, Motilal Oswal Financial Services fell -3.6%, and BSE Ltd was the top loser, falling -3.8%. The Nifty Realty Index was another significant underperformer, closing at 870.75, down -11.75 points, or -1.3%. Godrej Properties Ltd, Brigade Enterprises Ltd, and Sobha Ltd are among the top losers, with their shares falling as much as -3.40%.
The Shanghai Composite Index closed at 3,857.92 on Friday, up 14.33 points, or 0.37%, as Asian markets saw mixed activity. The KOSPI Index for South Korea ended the day at 3,186.01, down – 10.31 points, or -0.32%. The Nikkei 225 Index of Japan likewise ended the day lower, down 110.32 points, or 0.26%, at 42,718.47. In contrast, Hong Kong’s Hang Seng Index gained 78.8 points, or 0.32%, to close at 25,077.62. The Shenzhen component index gained 124.78 points, or 0.99%, to settle at 12,696.15. As of 5.03 p.m. IST, the US Dow Jones Futures were down -132 points, or – 0.29%, at 45,575.
The Nifty index fell sharply this week, dipping below the 24,450 mark after falling -1.78%, or – 443.25 points. This decrease followed a 25% increase in tariffs imposed by the United States that went into effect on August 27, 2025. The markets might rebound next week as India’s Q1FY26 GDP growth rate hit a 5-quarter high of 7.8%.
India VIX
The India VIX decreased 0.43 points or 3.49%, from 12.18 to 11.75 during Friday’s session. A decrease in the India VIX indicates calm and stable market conditions.
Trade Setup Summary:
The Nifty 50 opened on a negative note at 24,466.70 on Friday and ended the day in red below the 24,450 level at 24,426.85. A break below 24,402 could trigger further selling towards 24,304, while a break above 24,465 could trigger bullishness towards 24,577.
Bank Nifty started the session on a negative note at 53,660.35 and ended the session at 53,655.65 in red, below the 53,700 level. A break below 53,606, could trigger further selling towards 53,145, while a break above 54,330 could trigger bullishness towards 55,008.
Sensex opened on a negative note at 80,010.83 on Friday and ended in the red at 79,809.65, breaking below the 79,900 level. A break below 79,748 could trigger further selling towards 79,343, while breaking the next resistance level of 80,311 could lead towards the 80,856 level.
Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these critical levels. Additionally, traders can combine moving averages to identify more accurate entry and exit points.
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