The market sentiment on Friday turned distinctly bearish, reflecting heightened investor anxiety and caution. The opening itself signalled weakness, and as the session progressed, selling pressure intensified, leading to a sharp decline in both the Nifty 50 and the BSE Sensex. The drop below key short- and medium-term moving averages indicated a loss of near-term momentum, though long-term support remained intact with both indices still holding above their 200-day EMAs.
Investor sentiment was weighed down significantly by geopolitical and economic developments, particularly the imposition of fresh tariffs by the U.S. government on Indian exports. This move sparked concerns about trade tensions and potential downstream impacts on India’s export-driven sectors. Additionally, persistent foreign institutional selling added to the negative tone, suggesting a risk-off mood among global investors.
Volatility edged higher, underscoring the nervousness in the market. Sectorally, weakness was broad-based, with sharp declines in consumer durables, real estate, and media stocks. Heavy losses, especially those issuing weak forward guidance, fuelled concerns about earnings sustainability and future growth prospects.
While broader Asian markets offered a mixed picture, the decline in most regional indices did little to lift investor confidence in Indian equities. Even though U.S. futures showed some resilience, domestic sentiment remained under pressure, driven more by local factors and global trade headwinds than by external market cues.
In this overview, we will analyse 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
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
To view other technical reports, click here
The Nifty 50 Index opened on a negative note at 24,544.25 on Friday, down by -51.9 points from Thursday’s closing of 24,596.15. In the morning session, the Nifty Index started in a bearish trend. The index was volatile and later in the morning session, the index lost its momentum and dragged down to the 24,400 level and was trading below its opening level at 24,437. The Index was trading in the range of 24,600 to 24,400 in the morning session and was trading below all four EMAs of 20/50/100/200 in the 15-minute time frame.
In Afternoon session, the Nifty Index was further dragged down to the 24,300 level and made the day’s low of 24,337.50 and ended the session at 24,363.30 in the red. During the afternoon session, it closed below all four EMAs of 20/50/100/200 in the 15-minute time frame. Nifty’s immediate resistance levels are R1 (24,632), R2 (24,784), and R3 (24,902), while immediate support levels are S1 (24,338), S2 (24,230), and S3 (24,091).
The Nifty index had reached a day’s high at 24,585.50, closed in red below the 24,400 level, and saw a day’s low at 24,337.50. Finally, it had closed below its opening level at 24,363.30, losing -232.85 points, or 0.95%. The Relative Strength Index (RSI) stood at 33.58 (below the overbought zone of 70 but nearing the oversold zone in the daily time frame), and the Nifty 50 closed above the 200 EMAs and remained below the 20/50/100 EMA in the daily time frame.
Bank Nifty
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
The Bank Nifty Index started the session on a positive note at 55,609.35 on Friday, up by +88.2 from Thursday’s closing of 55,521.15. In the morning session, the index started the session on a bullish trend but later the bull trend changed to bears, and it significantly fell to the 55,100 level from the 55,600 level. In the morning session, the index traded below its opening level at 55,180 and was trading in the range of 55,650 to 55,100 levels. The Index traded below all important moving average levels of 20/50/100/200 EMAs in the morning session in the 15-minute time frame.
In the afternoon session, the Bank Nifty index dragged down and broke below the 55,000 level. The Index made its day’s low at 54,905.60 but ended the session at 55,004.90 in the red. During the afternoon session, it closed below all four EMAs of 20/50/100/200 in the 15-minute time frame. Bank Nifty immediate resistance levels are R1 (55,554), R2 (55,954), and R3 (56,525), while immediate support levels are S1 (55,904), S2 (54,611), and S3 (54,284).
The Bank Nifty index had peaked at 55,652.60 and made a day’s low at 54,905.60. Finally, it had closed in red at 55,004.90, losing -516.25 points or 0.93%. The Relative Strength Index (RSI) stood at 33.25 (below the overbought zone of 70 but nearing the oversold zone in the daily time frame), and Bank Nifty was above the 100/200 EMAs but remained below the 20/50-day EMA in the daily time frame.
Sensex
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
To view other technical reports, click here
The BSE Sensex Index opened on a negative note at 80,478.01 on Friday, down by -145.25 points from Thursday’s closing of 80,623.26. The Index was more volatile in the morning session after a negative start and was trading at 80,108 below its opening level in the morning session. In the morning session, the index was trading in the range of 80,550 to 80,000 and was trading below all four EMAs of the 20/50/100/200 in the 15-minute time frame.
In the afternoon session, the Sensex Index further lost its momentum and reached below the 79,800 level and made the day’s low at 79,775.84. On Friday, the Index closed below the 80,000 level at 79,857.79 in red. During the afternoon session, it closed below all four EMAs of 20/50/100/200 in the 15-minute time frame. BSE Sensex immediate resistance levels are R1 (80,755), R2 (81,445), and R3 (82,375), while immediate support levels are S1 (79,765), S2 (78,716), and S3 (77,894).
The BSE Sensex index had peaked at 80,550.40 and made a day’s low at 79,775.84. Finally, it had closed at 79,857.79, losing by -765.47 points, or 0.95%. The Relative Strength Index (RSI) stood at 33.23 (below the overbought zone of 70 but nearing the oversold zone in the daily time frame), and the BSE Sensex was above the 200 EMAs but remained below the 20/50/100 EMA in the daily time frame.
India VIX
The India VIX increased by +0.43 points, or 3.68%, from 11.69 to 12.12 during Friday’s session. An increase in the India VIX indicates uncertainty and increased price volatility.
Market Recap on the 8th of August 2025
The Nifty began Friday’s trading session lower than its previous closing of 24,596.15, at 24,544.25. It closed the day below the 20/50/100-day EMAs, reaching a low of 24,337.50 and closing at 24,363.30. By the end of the day, the Nifty 50 had fallen -0.95%, or -232.85 points. By dropping -765.47 points, or -0.95%, from its opening of 80,478.01 to close at 79,857.79, the BSE Sensex followed suit. The 200-day EMAs remained above the Nifty 50’s RSI, which dropped to 33.58.
The BSE Sensex RSI also dropped to 33.23, staying well below the overbought level of 70 but near the oversold zone. Despite falling below the 20/50/100-day EMAs, it closed above the 200-day EMA. Global economic worries, relentless foreign investor selling, and the US government slapping a 25% penalty on top of 25% tariffs on Indian goods were all blamed for this market fall. The India VIX jumped by 0.43 points, or 3.68%, to close at 12.12, indicating an increase in market volatility.
On Friday, nearly every major index fell. One of the top losers was the Nifty Media Index, which ended the day at 874.15, down -18.85 points, or -2.11%. The top loser was Godrej Properties Ltd, down -3.52%, followed by Sobha Ltd, which fell -3.07%, and Phoenix Mills Ltd, which lost -2.71%. The Nifty Consumer Durables index closed at 37,549.60, down 733.10 points, or 1.91%. Shares of PG Electroplast, the biggest loss, fell 22% after the company lowered its growth forecast for FY26. Another significant loser was Kalyan Jewellers India Ltd, which fell -10.64%, and Amber Enterprises India Ltd, which fell -4.85%. Additionally, Nifty Metal fell, closing at 9,147.1, down -1.76%, or -163.55 points.
With Hong Kong’s Hang Seng Index dropping 297.63 points, or 1.20%, to settle at 24,784, Asian markets were mostly neutral. At 3,635.13, the Shanghai Composite Index ended the day down 4.54 points, or 0.12%. The KOSPI Index for South Korea ended the day down, down 17.67 points, or 0.55%, at 3,210.01. Nonetheless, the Nikkei 225 Index of Japan ended the day higher at 41,780, up 720.85 points, or 1.73%. The US Dow Jones Futures were trading at 44,125.44, up 156.8 points, or 0.36%, as of 5:13 p.m. IST.
Due mainly to U.S. President Trump’s 25% duty on Indian exports and another 25% tax that was imposed on August 7 and would go into effect in 21 days, the Nifty 50 index fell 0.82% this week. Foreign investors heightened selling pressure made the decline much worse.
Trade Setup Summary
The Nifty 50 opened on a negative note at 24,544.25 on Friday, was volatile throughout the session, and ended the day in red below the 24,400 level at 24,363.30. A break below 24,338 could trigger further selling towards 24,230, while a break above 24,632 could trigger bullishness towards 24,784.
Bank Nifty started the session on a positive note at 55,609 later the index ended at 55,004.90 in red, near the 55,000 level. A break below 55,904, could trigger further selling towards 54,611, while a break above 55,554 could trigger bullishness towards 55,954.
Sensex opened on a negative note at 80,478.01 on Friday and ended the session in red at 79,857.79, breaking above the 79,900 level. A break below 79,765 could trigger further selling towards 78,716, while breaking the next resistance level of 80,755 could lead towards the 81,445 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.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
About: Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Private Limited, and its SEBI-registered research analyst registration number is INH000015729.
Investments in securities are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
