Technical Analysis for 29th August 25:
Nifty Predictions, Bank Nifty Predictions & Sensex Predictions
Indian equity markets closed in the red on August 28, 2025, with all three major indices witnessing significant selling pressure. NIFTY 50 closed at 24,500.90 (-0.85%), Bank NIFTY settled at 53,820.35 (-1.16%), and SENSEX ended at 80,080.57 (-0.87%), marking the second consecutive session of decline. This comprehensive technical analysis for 29th Aug 2025 provides detailed Nifty predictions, Bank Nifty predictions, and Sensex predictions with precise support and resistance levels for tomorrow's trading session.
Key Observations of Today's Market Closing
The Indian Stock Market displayed significant bearish sentiment on August 28, 2025, as punitive US tariffs continued to weigh on investor confidence. NIFTY 50 opened at 24,695.80 but failed to sustain higher levels, touching an intraday high of 24,699.35 before declining to a low of 24,494.85. The index formed a bearish candle pattern with substantial selling pressure, breaking below key short-term moving averages.
Bank NIFTY exhibited even weaker performance, opening at 54,256.00 and declining throughout the session to close near day's low. The banking index witnessed heavy selling with a trading range from 54,351.20 (high) to 53,774.70 (low), indicating significant volatility and bearish momentum. The sector faced additional pressure as FII outflows continued, with foreign investors pulling out $2.66 billion from Indian equities in August 2025.
SENSEX mirrored the broader market weakness, opening at 80,754.66 but failing to maintain levels above 80,000 psychological support. The index formed a long bearish candle on daily charts with above-average volumes, confirming the negative sentiment. The broader market also participated in the decline, with BSE Midcap and Smallcap indices underperforming by falling up to 1.5%.
Support & Resistance Levels
Based on technical analysis of price action and 15-minute candle patterns, critical support and resistance levels have been identified for tomorrow's trading session. These levels are crucial for market prediction and developing effective trading strategies.
NIFTY 50 Technical Levels:
- Immediate Support: 24,475 (breakdown level)
- Strong Support: 24,400, 24,280, 24,124
- No Trading Zone: 24,475 to 24,600
- Immediate Resistance: 24,600 (breakout level)
- Key Resistance: 24,725, 24,841, 24,933
Bank NIFTY Technical Levels:
- Immediate Support: 53,771 (breakdown level)
- Strong Support: 53,678, 53,484, 53,300
- No Trading Zone: 53,771 to 54,050
- Immediate Resistance: 54,050 (breakout level)
- Key Resistance: 54,350, 54,640, 54,900
SENSEX Technical Levels:
- Immediate Support: 80,000 (psychological support)
- Strong Support: 79,800, 79,660, 79,343, 79,076
- No Trading Zone: 80,000 to 80,353
- Immediate Resistance: 80,353 (breakout level)
- Key Resistance: 80,655, 80,829, 81,000
Nifty Predictions – Technical Analysis for Tomorrow
For Nifty predictions on August 29, 2025, the index is positioned in a no-trading zone between 24,475 to 24,600. This critical range will determine the market direction for tomorrow's session.
Bullish Scenario: If a 15-minute candle closes above 24,600, this will trigger fresh buying momentum with targets at 24,725 (1st target), 24,841 (2nd target), and 24,933 (3rd target). However, traders should be cautious of false breakouts - if the index crosses 24,600 but closes below in the same 15-minute timeframe, this indicates weakness with downside targets at today's low of 24,480 and secondary target of 24,400.
Bearish Scenario: A 15-minute candle closing below 24,475 will confirm the bearish momentum, opening doors for further decline toward 24,400 (1st target), 24,280 (2nd target), and 24,124 (3rd target). The 100-day EMA support at 24,635 has already been breached, indicating medium-term weakness.
Recovery Pattern: If the index crosses below 24,475 but manages to close above it within the 15-minute timeframe, this could trigger a short-covering rally toward 24,480 (1st target) and 24,670 (2nd target). The put-call ratio at 0.72 suggests weak sentiment, while heavy call open interest at 24,900-25,000 levels acts as a resistance cap
Bank Nifty Predictions – Technical Analysis
Bank Nifty predictions for August 29, 2025, indicate the index is trading within a critical no-trading zone from 53,771 to 54,050. The banking sector faces additional headwinds from US tariff concerns and FII selling pressure.
Bullish Breakout: A 15-minute candle closing above 54,050 will signal fresh buying interest with upside targets at 54,350 (1st target), 54,640 (2nd target), and 54,900 (3rd target). However, given the current bearish momentum and the index trading below key moving averages, any upside move should be traded with strict stop-losses.
Bearish Breakdown: If a 15-minute candle closes below 53,771, this confirms the continuation of the downtrend with targets at 53,678 (1st target), 53,484 (2nd target), and 53,300 (3rd target). The RSI at 33.43 is approaching oversold territory, while the MACD has given a bearish crossover with the histogram falling below the zero line.
False Breakout Strategy: Traders should watch for false moves - if Bank Nifty crosses 54,050 but fails to sustain and closes below within 15 minutes, short positions can be initiated with targets at today's low of 53,800 and 53,500. Conversely, if it crosses below 53,771 but recovers to close above, upside targets include 54,000 and 54,200.
Sensex Predictions – Technical Analysis
Sensex predictions for tomorrow focus on the critical no-trading zone between 80,000 to 80,353. The psychological 80,000 level has been breached intraday, making it a key battleground for bulls and bears.
Upside Targets: A 15-minute candle closing above 80,353 will trigger buying momentum toward 80,655 (1st target), 80,829 (2nd target), and 81,000 (3rd target). The index needs to reclaim the 81,000 level decisively to negate the current bearish setup.
Downside Risk: A 15-minute candle closing below 80,000 opens the path for further decline toward 79,660 (1st target), 79,343 (2nd target), and 79,076 (3rd target). The selling pressure has been consistent, with over ₹5 lakh crore of investor wealth wiped out in recent sessions.
Tactical Trading: For false breakout patterns, if Sensex crosses 80,353 but closes below within 15 minutes, short targets include 80,000 and 79,800. On the recovery side, if it breaks below 80,000 but manages to close above, upside targets are 80,300 and 80,500
Tomorrow's Market Prediction
Based on comprehensive market analysis for tomorrow, the Indian Stock Market outlook remains cautiously bearish to sideways. Multiple factors are creating headwinds including US tariff implementation, monthly F&O expiry volatility, and continued FII selling pressure.
Final Verdict
Our Technical Analysis for 29th Aug 2025 suggests a cautiously bearish outlook for the Indian Stock Market. The combination of external tariff pressures, weak technical setup, and bearish candle formations across all major indices indicates continued near-term challenges.
Trading Strategy: Focus on breakout and breakdown trades with proper risk management around the defined no-trading zones. The market's response to critical levels - NIFTY's 24,475-24,600 range, Bank NIFTY's 53,771-54,050 zone, and SENSEX's 80,000-80,353 band - will determine the next directional move.
Key Recommendation: Maintain strict stop-losses as per the levels mentioned above and avoid trading within the no-trading zones. Wait for decisive 15-minute candle closures above or below critical levels before initiating positions. The monthly F&O expiry adds another layer of volatility that traders must factor into their strategies.
Risk Management: Given the current volatile environment with elevated VIX levels and uncertain global cues, position sizing should be conservative with emphasis on capital preservation. Monitor global markets and currency movements closely as they influence overnight GIFT Nifty levels.
Disclaimer: This analysis is for educational purposes only and should not be considered as investment advice. Please consult your financial advisor before making any trading or investment decisions. Past performance does not guarantee future results.