10-08-2025 | Weekly BNF, NF TA | Fall Continues as Bear takes control | Major support got broke | More fall to come | Indian Market Update

Index Weekly Update 10-08-2025

Major support got broke and more fall to come. Lets analyse index price action for next week.

Bank Nifty Future

1) Weekly TF:

• BNF was in downtrend for last 5 week and it continued to move lower this week also.
• Strong bullish candle formed on 23-06-2025 was negated and low of that candle got broken.
• In weekly TF, BNF continued to follow LH-LL structure which shows how strong the trend is.
• Last week BNF formed bearish candle with wick above open and closed near low of the candle.
• This week close of BNF shows weakness to continue and test this low once again.
• Green zone has the next support which also coincide with AVWAP from recent swing low.
• Now BNF has resistance around 56,080 & support at 54,650.

2) Daily TF:

Indicators: RSI, MACD, VOL (as per order in chart)

• BNF started new series this week and on 05-08-2025 broke previous month (July) low.
• July month low is also recent swing low formed on June 13, which show downfall to continue.
• BNF had AVWAP support from recent daily swing 07-04-2025 at 55,350.
• Thursday BNF gave good bounce from AVWAP support but got failed & closed below on friday.
• BNF also continue to move in LH-LL strucutre without breaking any swing high.
• All the above Price Action denotes bearish sentiment in price action.
• Indicator:
• RSI broke TL support and moved lower towards 28 and it is in sync with price action. (Bearish)
• MACD: For thw whole week MACD is negative (Bearish).
• Now BNF has resistance around 56,050 & 55,850 and support at 54,730 & 54,500.

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Nifty Future

1) Weekly TF:

• NF looks more bearish than BNF in weekly TF & continued to follow LH-LL structure.
• Last week NF formed bearish candle with wick above open and closed near low of the candle.
• This week close of NF shows weakness to continue and move lower again.
• NF is below previous swing support which was support for 5 weeks.
• If this week's low is broke, then we can expect to move towards 24,060.
• NF has resistance around 24,800 and support at 24,290.

2) Daily TF:

Indicators: RSI, MACD, VOL (as per order in chart)

• NF is weak last week which tested & closed below previous consolidation range low.
• Price couldn't attract buyers near support ar 24600, which was previous Demand zone.
• NF started to form LH-LL structure, and broke the support and again confirms weakness.
• NF got a bounce from 12-05-2025 bullish candle low, but again closed near the low on friday.
• Indicators:
• RSI: RSI broke previous swing low & TL support line and closed around 30 (Bearish).
• MACD: In sync with price MACD was neagtive for the whole week. (Bearish).
• NF has support at 24,290 and resistance around 24,755.

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Acronym

BNF: Bank Nifty Future.

NF: Nifty Future.

BO: Breakout.

BD: Breakdown.

HH-HL: Higher High, Higher Low

LH-LL: Lower High, Lower Low

TF: Time Frame.

LT: Long Term

ST: Short Term

ATH: All Time High.

PA: Price Action.

PDC: Previous Day Close

TL: Trend Line.

Keep Learning 🕮

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