Nifty Outlook :- 11.08.2025 - CFA Hitesh Somani

 
CFA Hitesh Somani

MD - Aapka Investments 
Website - https://www.aapkainvestments.in 

Markets making new lows every week. Is this sign of a big correction?

In the last week also we saw heavy selling in the markets and Nifty made a low of 24337. From consecutive past six weeks Nifty is making a new low every week which clearly indicates that markets are in a weaker side. Now nifty is trading at its crucial support of 24300 – 24200 levels, if in the next week nifty closes below 24200 on weekly closing basis then it would be a matter of concern as after that we may see a big fall in the markets and nifty may fell below 24000 levels which is a crucial psychological support for the markets. 24200 is a major support level, if nifty manages take support here and goes above 24500 again then it would be an indication of relief for the investors that now markets will take a break and if it manages to close above 24800 in the next week then we can say the worse is over. So lets see what markets show us in the next week.

Banknifty also traded weak in the last 3 weeks and on Friday banknifty fell more than 600 points to close near 55000 levels which is a major psychological support for the markets. If banknfty closes below 55000 just for 2 days then we may heavy selling and banknifty may fall further 500 to 600 points sharply. Banknifty is comparatively strong compared to nifty but as overall markets are dragging downwards banknifty is also facing the sell-off. If in next week banknifty manages to close above 55700 levels then it would be a good and positive side for the markets. 

Important Levels for Nifty Next Week

• Major Support Levels for Nifty
• Support 1 – 24200
• Support 2 – 24000     
• Support 3 – 23700 

• Major Resistance Levels for Nifty
• Resistance 1 – 24500
• Resistance 2 – 24750
• Resistance 3 – 25000 

Important Levels for Banknifty Next Week

• Major Support Levels for Banknifty

• Support 1 – 54800
• Support 2 – 54300
• Support 3 – 53800 

• Major Resistance Levels for Banknifty
• Resistance 1 – 55500
• Resistance 2 – 56200
• Resistance 3 – 56800

Important Stocks to Watch Next Week

1) CHOLAFINANCE
CMP @ 1853
Buy Above @ 1860
Stop Loss @ 1760
Targets @ 1900, 1960 and 2060

2) MAPMYINDIA
CMP @ 1784
Buy Above @ 1805
Stop Loss @ 1730
Targets @ 1855, 1905 and 1955

3) LICI
CMP @ 913
Buy Above @ 930
Stop Loss @ 870
Targets @ 960,990 and 1030