30 August, 2025

30-08-2025 | Weekly BNF, NF TA | NF & BNF Moved In Sync Downwards | Index New Expiry (September Month) Move | Indian Market Update

Index Weekly Update 30-08-2025

New Monthly expiry started for September month, lets analyse index price action for next week.

Bank Nifty Future

1) Weekly TF:


BNF Weekly
  • After a small pullback to upside, BNF started to resume its fall towards downside.
  • BNF is now near May month's low, which is a strong zone of support.
  • This week again BNF started to form LH-LL structure which shows bearish price action.
  • BNF formed strong bearish candle with close near to the low of this week.
  • BNF also broke initial level of support denoted by GREEN Zone.
  • Now BNF is at Fibo level 53800, which is also horizontal support zone.
  • BNF has next level of support at 52850, which is also GREEN AVWAP support from swing low.
  • Now BNF has resistance around 56,630 & support at 53,800 & 52,850.

2) Daily TF:


BNF Daily
Indicators: RSI, MACD, VOL (as per order in chart)
  • BNF, Monday opened inside previous week's range and from Tuesday started to move lower.
  • BNF broke previous support zone (GREEN Zone), and moved towards previous swing low.
  • On friday BNF started new series near Fibo level of 53,800 which is FLIP zone (RED Zone).
  • Below this zone there is no swing support, but next GREEN Avwap support is at 52,850.
  • All the above Price Action denotes sentiment is neutral to bearish.
  • Indicator:
    • RSI made a new swing low near 21 and truned little higher. RSI is at oversold zone and price is at support (Neutral to bearish)
    • MACD: From positive zone, MACD moved negative during last week fall and ended in red. (Bearish).
  • Now BNF looks Neutral to bearish and near support, it has resistance around 54,730 and support at 53,800 & 52,800.
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Nifty Future

1) Weekly TF:


NF Weekly

  • Last week NF formed Bearish pin bar candlestick, which is bearish in nature and this weak followed the same sentiment.
  • NF opened near previous week close and fell down towards nearby swing low.
  • NF is slightly bullish when compared to BNF, still NF is above previous swing low.
  • Nearby support is at 24,290 which is Fibo level and also GREEN Avwap support.
  • Yet NF has not confirmed LL, LH formation after the pullback in previous week.
  • NF has resistance around 25,000 and support at 24,300.

2) Daily TF:


NF Daily
Indicators: RSI, MACD, VOL (as per order in chart)
  • NF opened inside previous Friday's range, from Tuesday started to fall down towards swing low.
  • NF closed previous week's gap on Tuesday and by Thursday moved inside previous swing low.
  • Last week NF moved in LH-LL pattern and since friday is new expiry Futures closed higher.
  • Indicators:
    • RSI: RSI moved lower & closed near 40, but like BNF in NF RSI didn't made new swing low (Bearish).
    • MACD: MACD moved lower towards negative and closed lower compared to last week  (Bearish).
  • Price: At support, RSI: Mild bearish, MACD: Mild bearish, overall can expect a sideway move.
  • NF has support at 24,290 and resistance around 24,800 & 24,940.
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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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