INDIA NIFTY & BANKNIFTY OUTLOOK FOR 28/08/2025 ::-





NIFTY & BANKNIFTY OUTLOOK FOR 28/08/2025  ::-

Day before yesterday both the indices formed their first complete cycle of LH - LL in Hourly chart.

In the same time frame Nifty playing a clear negative RSI divergence.

In the Daily time frame Nifty under ONE long existing negative divergence where as Bank Nifty playing under TWO negative divergences one long existing and another newly appeared. RSI for both indices lies under 50 in Daily frame again where RSI BankNifty<Nifty . Both are weak where  BankNifty is weaker than Nifty. 

Next LH formation can grab the market today and tomorrow. Expected next LH levels for Nifty and BankNifty are respectively 24830 and 55100. These zones will act as HEAVY SUPPLY points and sell position can opened around the levels.

VIEW ::- POSITIVE TURNING NEGATIVE.

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