Trade Setup for August 22: Nifty Eyes Weekly High as 25,150 Acts as Key Hurdle
Nifty extended gains for the sixth straight session but struggled near the 25,150 resistance level. Experts suggest support at 25,000–24,800 and potential upside towards 25,300–25,500. Check key levels and market outlook for August 22, 2025.
Nifty closed just below 25,100 on August 21, facing resistance at 25,150 ahead of Friday’s session.
The Nifty extended its winning streak for the sixth straight session on Thursday’s weekly expiry, though profit booking at higher levels capped gains. After a sharp three-day rally, broader markets also witnessed some selling pressure.
The index opened near 25,140 but quickly slipped to 25,050 within the first 30 minutes. Bulls, however, defended this support and drove the index to the day’s high of 25,153. Post 2:20 pm, selling pressure dragged it nearly 85 points lower, and Nifty eventually settled with modest gains of 33 points, just under the 25,100 mark.
Among top performers were Cipla, Dr. Reddy’s Laboratories, and Bajaj Finserv, while Tata Consumer, Bajaj Auto, and Eternal ended as major laggards. Sector-wise, Pharma, Healthcare, and Realty indices led the gains, whereas FMCG, PSU Bank, and Auto slipped into the red, reflecting sectoral rotation.
Broader markets cooled off as well, with Nifty Midcap 100 falling 0.38% and the Nifty Smallcap index closing marginally lower. Both domestic and foreign investors, however, remained net buyers in the cash segment.
Expert Views & Outlook
Chandan Taparia (Motilal Oswal): As long as Nifty holds above 25,000, momentum could extend towards 25,200–25,300. Supports are now placed at 24,900 and 24,800.
Nagaraj Shetti (HDFC Securities): The uptrend remains intact, though minor consolidation cannot be ruled out before a move towards 25,300. Immediate support is at 25,000.
Rajesh Bhosale (Angel One): Nifty may consolidate between 25,000–25,200 in the near term. A sustained move above 25,200 could open the path to 25,350–25,500.
Rupak De (LKP Securities): Sentiment is positive above short-term moving averages. Support lies at 24,800, while resistance is expected at 25,250 and 25,500.
Key Levels to Watch (August 22):
Resistance: 25,150–25,200; 25,350–25,500 (if breakout sustains)
Support: 25,000 (immediate); 24,850–24,800 (strong base)
With bulls holding firm, all eyes are on whether Nifty can decisively cross the 25,150 resistance zone and end the week on a strong note.
