NIFTY Intraday Chart Analysis (August 8, 2025)
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Updated 1 day ago
Trend Overview
The 5-minute chart for NIFTY shows a predominantly sideways trend transitioning into a downtrend later in the session, characterized by lower highs and lower lows. The price is trading below the 50-period moving average, currently at 24,435, and the 200-period moving average at 24,470, indicating bearish momentum.
Recent Price Action
There was a significant breakout move around 14:00 from the 24,320 level, which was followed by a reversal near 24,650. The subsequent decline highlights bearish sentiment, with a recent dip to 24,390 indicating continued downside pressure.
Volume & Momentum Analysis
A volume spike of approximately 3.18M coincides with the early breakout, suggesting initial strong buying interest, but declining volumes in subsequent sessions indicate weakening momentum and possible institutional distribution as the price declines.
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Key Support & Resistance Levels
Support is seen around 24,320, where buyers previously stepped in. Resistance is now formed around 24,650, where sellers regained control. Watching reactions at these levels can provide insights into potential breakout or breakdown scenarios. Conclusion & Forward Outlook: NIFTY exhibits bearish momentum under the key moving averages. A sustained break below 24,320 could lead to further declines, while a move above 24,470 may suggest a bullish reversal. Monitoring volume at these critical points will be crucial for determining the market's next move.
Disclaimer: The views expressed here are based on a research analyst's analysis, and there is no guaranteed outcome. This material does not contain investment advice.
Hourly Market Snapshot – 03:01 PM IST
- NIFTY 50, BSESENSEX
The NIFTY 50 index has declined 0.72% to 24,418.95, while the BSESENSEX fell 0.72% to 80,044.68, reflecting investor caution amid geopolitical tensions and mixed earnings reports.
- Sectorial Highlights
The Nifty IT sector shows resilience, gaining 1.5%, while the banking sector, particularly the BANKNIFTY, is down 0.64%, indicating sector-specific volatility amidst broader market declines.
- Stock Movers
Adani Enterprises has dropped 3.55%, while NTPC has risen 1.55%, showcasing divergent performances among key stocks, influenced by sectoral dynamics and investor sentiment. Investor sentiment remains cautious, driven by concerns over US tariffs impacting Indian exports and overall economic growth, prompting a defensive posture among market participants.
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