Nifty Weekly Commentary (18–22 August 2025)
Panjim Goa 17 August 2025: Last Week’s Performance (11–14 August 2025):
In the holiday-shortened week, Nifty remained largely range-bound as expected. The index made a high of 24,702 and a low of 24,347, respecting the projected range of 24,350 – 24,750. The market held its support levels and witnessed selective stock-specific moves.
This Week’s Outlook (18–22 August 2025):
Going forward, we expect Nifty to trade with a positive bias if it manages to break above 24,760 decisively. A breakout above this level could open the path towards 24,980+ levels, with momentum-driven gains possible.
On the downside, strong support is placed around 24,500, which will be crucial for bulls to defend. A sustained trade below this level may invite profit booking and short-term weakness.
Trading Strategy:
- Longs can be initiated above 24,760 with a target of 24,980+
- Support to watch: 24,500
- Stay stock-specific and follow a buy-on-dips approach until support levels are intact.
—Parshuram Sonurlekar, Super Equity