Friday’s market session reflected a shift in sentiment as the recent bullish streak came to a halt. After six consecutive days of gains, the broader indices opened lower and sustained a downward trend throughout the day. This decline signalled a phase of profit-booking and cautious positioning among investors, likely triggered by global cues or overbought conditions earlier in the week.
Despite the dip, key benchmarks remained above their long-term moving averages, suggesting that the broader trend might still hold strength, though short-term momentum has cooled. The RSI hovering around the neutral zone further reinforced the idea of consolidation rather than a sharp reversal.
Sectoral performance indicated a mixed undertone. While media and pharma stocks displayed resilience and managed to end in the green, cyclicals like metals and public sector banks saw heavy selling pressure. This divergence hints at a defensive tilt among investors, favouring stability over volatility. On the global front, a generally positive close in other major Asian markets and modest optimism in US futures showed that the broader macro sentiment remains constructive.
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)).
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The Nifty 50 Index opened on a negative note at 25,064.15 on Friday, down by 19.6 points from Thursday’s closing of 25,083.75. The Nifty Index, which began the morning session on a bearish note, subsequently dragged down below the 25,000 mark and traded below its opening level at 24,923. During the morning session, the index was above 200 but below the EMAs of 20/50/100/in the 15-minute time frame and was trading between 24,900 and 25,050.
In the afternoon session, the index further pulled down from the 24,900 level to the 24,850 level in the afternoon; the Nifty Index held below the 24,900 level, trading in red. Overall, the Friday session saw the Nifty 50 in a bearish state. During the afternoon session, the Nifty 50 closed below all four EMAs of 20/50/100/200 in the 15-minute time frame. Nifty’s immediate resistance levels are R1 (24,961), R2 (25,084), and R3 (25,249), while immediate support levels are S1 (24,864), S2 (24,602), and S3 (24,398).
The Nifty index had reached a day’s high at 25,084.85, traded in red below the 24,900 level, and saw a day’s low at 24,859.15. Finally, it had closed at 24,870.10, losing 213.65 points, or 0.85%. The Relative Strength Index (RSI) stood at 50.59 (below the overbought zone of 70) in the daily time frame, and the Nifty 50 closed above all four of the 20/50/100/200 EMAs 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 negative note at 55,669.25 on Friday, down by 86.2 points from Thursday’s closing of 55,755.45. The index began the morning session on a negative note and dragged down below the 55,400 mark and traded below its opening level at 55,334. The index was below all four EMAs of 20/50/100/200 during the 15-minute time frame and was trading between 55,200 and 55,700 levels during the morning session.
The Bank Nifty index was further unsteady during the afternoon session, plunging to the 55,150 mark and trading in the red. During the afternoon session, Bank Nifty closed below all four EMAs of 20/50/100/200 during the 15-minute time frame. Bank Nifty immediate resistance levels are R1 (55,662), R2 (56,150), and R3 (56,636), while immediate support levels are S1 (55,108), S2 (54,593), and S3 (54,230).
The Bank Nifty index had peaked at 55,745.00 and made a day’s low at 55,102.60. Finally, it had closed in red at 55,149.40, breaking below the 55,200 level, losing 606.05 points or 1.09%. The Relative Strength Index (RSI) stood at 40.52 (below the overbought zone of 70 but near to the oversold zone in the daily time frame), and Bank Nifty closed below the 20/50 EMAs but remained above the 100/200 EMAs 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)).
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The BSE Sensex Index opened on a negative note at 81,951.48 on Friday, down by 49.23 points from Thursday’s closing of 82,000.71. The Index was more volatile in the morning session after beginning the day on a bearish trend. After trading below its beginning level in the morning session, the Index was trading at the 81,480 level and held below the 81,500 level. The index was below the 20/50/100 EMA but remained above the 200 EMA in the 15-minute time frame and was trading between 81,350 and 81,950 in the morning session.
The Sensex Index further fell marginally to 81,330 in the afternoon session but held above 81,300, 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 (81,767), R2 (82,230), and R3 (82,555), while immediate support levels are S1 (81,245), S2 (80,515), and S3 (79,996).
The BSE Sensex index had peaked at 81,993.61 and made a day’s low at 81,291.77. Finally, it had closed at 81,306.85 in red, losing 693.86 points, or 0.85%. The Relative Strength Index (RSI) stood at 49.28 (below the overbought zone of 70) in the daily time frame, and the BSE Sensex closed below the 50 EMA but remained above the 20/100/200 EMAs in the daily time frame.
India VIX
The India VIX increased 0.32 points or 2.86%, from 11.37 to 11.70 during Friday’s session. An increase in the India VIX indicates a heightened fear and uncertainty in the Indian stock market, signalling greater price fluctuations.
Market Recap on the 22nd of August 2025
Friday’s trading session started on a down note, and the broader indices ended the week in the red after a six-session streak of gains. The Nifty 50 had a negative opening at 25,064, down 20 points from its previous close of 25,083.75. It closed the day at 24,870.1, finishing above all four 20/50/100/200-day EMAs. By the end of the session, the Nifty 50 had declined -213.65 points, or -0.85%.
The BSE Sensex followed a similar trajectory, losing -693.86 points, or -0.85%, from the previous day’s closing. It opened at 81,951.48 and settled at 81,306.85. In terms of momentum, the Nifty 50’s Relative Strength Index (RSI) stood at 50.59, while the Sensex RSI was at 49.28, both remaining below the overbought threshold of 70. The Bank Nifty Index also ended in the red at 55,149, shedding -606.05 points, or -1.09%.
The Nifty Media Index was the top gainer, closing at 1,653.95, up by 15.5 points, or 0.95%. Zee Entertainment Enterprises Ltd led the gains with a 5.5% increase, followed by other media stocks, including Saregama India Ltd, which gained 1.4%, and PVR Inox Ltd, which rose by 0.8%. The Nifty Pharma Index followed the gains, closing at 22,265, up by 87.3 points, or 0.39%. Ipca Laboratories Ltd was the biggest gainer, increasing by 4.4%, followed by Divi’s Laboratories Ltd, which gained 2.1%, and JB Chemicals & Pharmaceuticals Ltd, up 1.2%.
Among the major losers, the Nifty Metal index plunged the most on Friday’s trading session. The index decreased by -118.2 points, or -1.25%, closing at 9,375.4. Lloyds Metals & Energy Ltd was the major loser, dropping 2.8%; Adani Enterprises Ltd declined 2.2%, and Tata Steel Ltd fell 1.8%. Another major laggard was the Nifty PSU Bank Index, which closed at 6,998.1, losing -79.15 points, or -1.12%. Major losers include Punjab & Sind Ltd, Punjab National Bank Ltd, Central Bank of India, and Union Bank of India Ltd, whose shares declined by up to 2.3%.
Asian markets were broadly positive on Friday, with Hong Kong’s Hang Seng Index ending at 25,292, gaining 187.39 points, or 0.74%. The Shanghai Composite Index also closed in green at 3,825.76, gaining 54.66 points, or 1.43%. South Korea’s KOSPI Index closed at 3,168.73, up 26.99 points, or 0.85%. However, Japan’s Nikkei 225 Index closed on a flatter note at 42,597, down -13.17 points, or -0.03%. The US Dow Jones Futures were trading at 44,944.80, up 163 points, or 0.37%, as of 4:43 p.m. IST.
Trade Setup Summary
The Nifty 50 opened on a negative note at 25,064.15 on Friday and ended the day in red below the 24,900 level at 24,870.10. A break below 24,864 could trigger further selling towards 24,602, while a break above 24,961 could trigger bullishness towards 25,084.
Bank Nifty started the session on a negative note at 55,669.25 and ended the session at 55,149.40 in red, below the 55,200 level. A break below 55,108, could trigger further selling towards 54,593, while a break above 55,662 could trigger bullishness towards 56,150.
Sensex opened on a positive note at 81,951.48 on Friday and ended in the red at 81,306.85, breaking below the 81,350 level. A break below 81,245 could trigger further selling towards 80,515, while breaking the next resistance level of 81,767 could lead towards the 82,230 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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