The Nifty50 index fell over 1% through the week, regardless of a midweek rebound that aligned nicely with earlier technical forecasts.
Nevertheless, amid the continued promoting stress, July 29 emerged as a turning level, validating final week’s projection that highlighted the date as a possible inflection level.
FPI promoting accelerates in July
International Portfolio Buyers (FPIs) continued to exit Indian equities. In line with NSDL knowledge:
- FPIs offered equities price Rs 31,988 crore in July 2025 alone.
- Whole FPI outflow for the 12 months until August 1 stands at Rs 1,31,876 crore — reflecting sustained bearishness by world traders.
Recap: July 28 – August 1
Regardless of early-week weak point, markets staged a powerful reversal from July 29:
- July 29: Nifty opened close to 24,600, then rallied over two periods to hit 24,950+, gaining over 250 factors from the low.
- July 28: Value motion remained inside the 24,850–24,676 vary.
- July 29: Day’s excessive was 24,847.15 — almost hitting key resistance at 24,850.
- July 31: Nifty bounced off 24,805 assist to succeed in 24,956.50, brushing in opposition to the 24,980 zone.
- August 1: Intraday low of 24,535.05 matched the projected assist of 24,538.
Time cycle precision: Intraday predictions hit the mark
Time-based forecasts delivered high-accuracy calls. Key intraday swings aligned intently with projected time home windows:
- July 28: Excessive at 10:20 AM; low round 2:15 PM
- July 29: Low at open (9:15 AM); rally began at 10:20 AM, gained momentum by 12:50 PM
- July 30: Day excessive round 11:35 AM; swings close to 12:50 PM and a couple of:40 PM
- July 31: Promoting spiked round 2:40 PM, as forecasted
- August 1: Minor swing excessive noticed close to 1:35 PM
These time clusters supplied tactical entry/exit alternatives for energetic merchants.
Key ranges to observe
Help zones:
24,535 / 24,482 / 24,458 / 24,382 / 24,331 / 24,143 / 23,875
Resistance zones:
24,648 / 24,677 / 24,806 / 24,856 / 24,978 / 25,083 / 25,145
These are key pivots. Market habits round these factors could outline short-term route.
Intraday time clusters for the week
Look ahead to elevated volatility close to these time slots:
- Monday, Aug 4: 9:20 AM, 11:35 AM, 12:15 PM
- Tuesday, Aug 5: 10:10 AM, 11:25 AM, 2:35 PM
- Wednesday, Aug 6: 9:20 AM, 10:20 AM, 11:35 AM, 12:15 PM, 2:10 PM
- Thursday, Aug 7: 9:15 AM, 10:00 AM, 11:15 AM, 12:15 PM
- Friday, Aug 8: 9:20 AM, 10:20 AM, 11:25 AM, 1:25 PM
These could function key reversal or momentum home windows.
Outlook: August 4–8
Whereas July 29 confirmed a short-term reversal, the following pivotal dates are August 8 and August 11. These periods could set the tone for the market’s subsequent leg — both persevering with the restoration or triggering one other sell-off.
The excessive and low of August 8 might kind a breakout construction, making it a essential day for positional merchants to observe. Additionally, August 6 and seven are anticipated to be extremely risky for intraday strikes as a consequence of overlapping time clusters.
Conclusion
The technical setup has shifted. With July 29 appearing as a springboard and August 8 positioned as a possible breakout date, merchants should keep nimble.
Use the support-resistance zones and time clusters as tactical markers, whereas waiting for key directional cues early within the second week of August.
(The writer Harshubh Mahesh Shah is Director, Wealthview Analytics Pvt Ltd. SEBI Registration – INH000009676)
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t signify the views of the Financial Occasions)
