Nifty ends in green; 26 and 28 August Key Dates to pay attention to possible reversations, says Harshubh Shah

The Indian market ended the week on a positive note, in which the Nifty50 ended with a profit of about 1% for the week ending on August 22, which marked the second consecutive week of progress.

Foreign Institutional Investors (FIIs), however, remained net sellers. Data until 23 August shows that FIIs sold RS 25,564 crore this month, this month in 2025 so far (until August 23) to RS 1.57,440 Crore.

Last week’s prediction emphasized August 21-22 as a critical data for a potential market trend shift. The call played perfectly: the index made a Swing High on August 21, and a sharp reversal unfolded on August 22 and validated the time -Price Confluence setup.

Intraday precision

The week also demonstrated the effectiveness of intraday time clusters, which helped catch market fluctuations with almost perfect accuracy:

• August 18 (Mon): day high near 9:45 am; Day low exactly at 12:20 pm
• August 19 (Tue): day low near 9:45 am; Swing Low at 1:45 pm
• August 20 (wo): small reversal at 1:30 pm
• August 21 (Thu: Swing High near 10:45 am; Day high at 2:30 pm
• August 22 (Fri): Swing High Formed at 1:35 pm

Such a timing precision again offered traders strong intraday edges.

Handy key levels to view

In the future, 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 lead to whether the index is maintaining its upward trend or sees new reversations.

Intraday time clusters with a high probability (25-29 August)

• Mon, August 25: 9:20 am, 12:25 pm, 1:35 pm, 2.40 pm
• Tue, August 26: 10:20 am, 11.30 am, 1:30 pm
• Thu, August 28: 9:50 am, 11:25 am, 1:25 pm, 2.30 pm
• Free, August 29: 11:25 am, 1:40 pm
  (Note: August 27 is a commercial holiday.)

Trading Outlook (25-29 August)

Traders must mark on 26 and 28 August as dates with high probability for potential reversations. With August 27 as a vacation, caution is advised while wearing positions in sessions.(The author Harshubh Mahesh Shah, is director at WealthView Analytics PVT Ltd. Sebi Registration – Inh000009676)

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)