The Indian equity market ended the week through August 1, 2025, on a cautious note, marking its fifth consecutive weekly loss. The Nifty50 index fell over 1% during the week, despite a midweek rebound that aligned well with earlier technical forecasts.
However, amid the ongoing selling pressure, July 29 emerged as a turning point, validating last week’s projection that highlighted the date as a potential inflection point.
FPI selling accelerates in July
FPIs sold equities worth Rs 31,988 crore in July 2025 alone. Total FPI outflow for the year till August 1 stands at Rs 1,31,876 crore — reflecting sustained bearishness by global investors.
Recap: July 28 – August 1
- July 29: Nifty opened near 24,600, then rallied over two sessions to hit 24,950+, gaining over 250 points from the low.
- July 28: Price action remained within the 24,850–24,676 range.
- July 29: Day’s high was 24,847.15 — nearly hitting key resistance at 24,850.
- July 31: Nifty bounced off 24,805 support to reach 24,956.50, brushing against the 24,980 zone.
- August 1: Intraday low of 24,535.05 matched the projected support of 24,538.
Time cycle precision: Intraday predictions hit the mark
- July 28: High at 10:20 AM; low around 2:15 PM
- July 29: Low at open (9:15 AM); rally started at 10:20 AM, gained momentum by 12:50 PM
- July 30: Day high around 11:35 AM; swings near 12:50 PM and 2:40 PM
- July 31: Selling spiked around 2:40 PM, as forecasted
- August 1: Minor swing high observed near 1:35 PM
Key levels to watch
Support: 24,535 / 24,482 / 24,458 / 24,382 / 24,331 / 24,143 / 23,875
Resistance: 24,648 / 24,677 / 24,806 / 24,856 / 24,978 / 25,083 / 25,145
Intraday time clusters for the week
- 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
Outlook: August 4–8
While July 29 confirmed a short-term reversal, the next pivotal dates are August 8 and August 11. These sessions may set the tone for the market’s next leg — either continuing the recovery or triggering another sell-off.
The high and low of August 8 could form a breakout structure, making it a critical day for positional traders to watch. Also, August 6 and 7 are expected to be highly volatile for intraday moves due to overlapping time clusters.
