The Nifty50 index fell more than 1%during the week, despite a midweek rebound that was well in accordance with previous technical predictions.
In the midst of the continuous sales pressure, however, July 29 emerged as a turning point, where last week’s projection was confirmed that emphasized the date as a potential bending point.
FPI selling speeds in July
Foreign portfolio investors (FPIs) continued to leave Indian shares. According to NSDL data:
- FPIs sold to Eigsen worth RS 31,988 Crore alone in July 2025.
- The total FPI outflow for the year until 1 August is 1,31,876 Crore – as a result of persistent ar by worldwide investors.
Summary: July 28 – August 1
Despite the weakness of the early week, markets organized a strong reversal from July 29:
- July 29: Nifty opened almost 24,600 and then gathered over two sessions to hit 24,950+, and won more than 250 points of the low.
- July 28: Price promotion remained within the reach of 24,850-24,676.
- July 29: Day’s High was 24,847.15 – almost key resistance at 24,850.
- July 31: Nifty bounced off 24,805 support to reach 24,956.50, breastfing against the 24,980 zone.
- August 1: Intraday Low of 24,535.05 corresponded to the expected support of 24,538.
Time cycle Precision: Intraday predictions are the goal
Time -based predictions brought very accurate calls. Most important intraday fluctuations were closely matched with projected time windows:
- July 28: high at 10:20 am; Low around 2.15 p.m.
- July 29: Low at Open (9:15 am); Rally started at 10:20 am, gained strength at 12:50 pm
- July 30: Day high around 11:35 am; Swings near 12:50 pm and 2:40 pm
- July 31: Sold Spiked around 2.40 pm, as predicted
- August 1: Minor Swing High Observed near 1:35 pm
These time clusters offered tactical access/exit options for active traders.
Main levels to view
Support 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 important pivots. Market behavior around these points can define the direction in the short term.
Intraday -time clusters for the week
Watch out for elevated volatility in the vicinity of these time slots:
- Monday, August 4: 9.20 am, 11:35 am, 12:15 pm
- Tuesday, August 5: 10:10 am, 11:25 am, 2.35 pm
- Wednesday, August 6: 9.20 am, 10:20 am, 11:35 am, 12:15 pm, 2.10 pm
- Thursday, August 7: 9.15 am, 10 am, 11:15 am, 12:15 pm
- Friday, August 8: 9.20 am, 10:20 am, 11:25 am, 1:25 pm
These can serve as important reversal or momentum windows.
Outlook: 4–8 August
While July 29 confirmed a reversal in the short term, the next crucial data 8 and 11 August. These sessions can set the tone for the next leg of the market-the recovery or cause a new sale.
The high and low point of 8 August could form a breakout structure, making it a critical day for positional traders to look at. 6 and 7 August is also expected to be very volatile for intraday movements due to overlapping time clusters.
Conclusion
The technical setup has shifted. With 29 July that acting as a springboard and 8 August positioned as a potential breakout date, traders must remain agile.
Use the support resistance zones and time clusters as tactical markers, while you look at important directive signals early in the second week of August.
(The author Harshubh Mahesh Shah is director, 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)
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