However, foreign institutional investors (FIIs) continued to remain net sellers. Data up to August 23 shows FIIs sold equities worth Rs 25,564 crore this month, taking total selling in 2025 so far (till August 23) to Rs 1,57,440 crore.
Last week’s forecast highlighted August 21–22 as critical dates for a potential market trend shift. The call played out perfectly: the index made a swing high on August 21, and a sharp reversal unfolded on August 22, validating the time–price confluence setup.
Intraday precision
The week also demonstrated the effectiveness of intraday time clusters, which helped capture market swings with near-perfect accuracy:
- Aug 18 (Mon): Day high near 9:45 AM; day low exactly at 12:20 PM
- Aug 19 (Tue): Day low near 9:45 AM; swing low at 1:45 PM
- Aug 20 (Wed): Minor reversal at 1:30 PM
- Aug 21 (Thu): Swing high near 10:45 AM; day high exactly at 2:30 PM
- Aug 22 (Fri): Swing high formed at 1:35 PM
Such timing precision once again provided traders with strong intraday edges.
Nifty key levels to watch
Going forward, the following zones will act as decision points for the index:
- Support: 24,850 / 24,806 / 24,670 / 24,538 / 24,480 / 24,350 / 24,140 / 23,875
- Resistance: 24,978 / 25,083 / 25,145 / 25,322 / 25,434 / 25,566
Price reactions around these levels will guide whether the index sustains its uptrend or sees fresh reversals.
High-probability intraday time clusters (Aug 25–29)
- Mon, Aug 25: 9:20 AM, 12:25 PM, 1:35 PM, 2:40 PM
- Tue, Aug 26: 10:20 AM, 11:30 AM, 1:30 PM
- Thu, Aug 28: 9:50 AM, 11:25 AM, 1:25 PM, 2:30 PM
- Fri, Aug 29: 11:25 AM, 1:40 PM
(Note: Aug 27 is a trading holiday.)
Trading outlook (Aug 25–29)
Traders should mark Aug 26 and Aug 28 as high-probability dates for potential reversals. With Aug 27 being a holiday, caution is advised while carrying positions across sessions.(The author Harshubh Mahesh Shah, is Director at Wealthview Analytics Pvt Ltd. SEBI Registration – INH000009676)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
