A BRIEF UPDATE ON CNX-BANK NIFTY —25.8.2025

 

CNX-BANK NIFTY

Open—55669.25---High—55745--Low—55102.60---Close—55149.40 on 22.8.2025.

OVERALL VIEW:-

Technically it is on a weak footing now as it is below its key point of 55550 for the month of August-2025 and most importantly it has decisively broken its major long term rising trend-line drawn from the bottom of 16116.25 made on 24.3.2020 and is placed at 55450(this figure will change & inch up every day) for the day, this is a very weak indication and if it fails to bounce back above these points and sustain on the closing basis in the next 2-3 trading sessions then further fall looks inevitable in coming days.

Moving down the next support points or range could be 55149.30---55026---54905, it can bounce back from this range, but break & sustained close below 54905 can drag it down to the range of 54576----54467---54312 and finally break & sustained close below 54312 can pull it down to 53483 level or lower.  

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is for educational purpose.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS. 

Note: Price stated here are of spot market. 

Thanks 

Narendra Kumar Surana

Email—suranank@gmail.com

Mobile—8240951127/9831313654.