Weekly Nifty Commentary (25–29 August 2025)
The Indian equity markets witnessed a strong performance last week, in line with global cues.
Last Week’s Outlook (18–22 August 2025):
We had projected that Nifty would trade with a positive bias above 24,760, opening the path towards 24,980+ levels, while support was pegged at 24,500. True to the outlook, Nifty rallied sharply and touched a high of 25,153 and a low of 24,852 during the week.
The global market sentiment turned upbeat on Friday after Federal Reserve Chair Jerome Powell indicated a possible cut in interest rates. This triggered a massive rally on Wall Street, with the Dow Jones surging over 850 points (1.9%) and hitting a record closing high for the first time since December.
This Week’s Outlook (25–29 August 2025):
This week will be event-driven, with monthly expiry and a market holiday on Wednesday, 27th August (Ganesh Chaturthi). Supported by the strong rally in the Dow Jones, we expect Nifty to maintain its momentum.
- Upside Target: Nifty could test 25,220 levels if the bullish momentum continues.
- Downside Support: On the lower side, declines should remain restricted to 24,650 levels.
Overall, we expect Nifty to remain buoyant with stock-specific action dominating expiry week.
—Parshuram Sonurlekar, Super Equity