Disclaimer

This article is for educational purposes only and is not investment advice. We are not registered with SEBI as investment advisors. Market investments are subject to risks, and you should consult your financial advisor before making any investment decisions.

Week in Review (4–8 August 2025)

• The index began the week with a modest gain—opening near ₹912.05 on 4 August and peaking at ₹914.50—only to decline as bearish sentiment took over. It ended the week at ₹874.15, down around 2.11%
• Intraday swings were notable:
  • 5 August: High of ₹915.75, low of ₹898.35.
  • 6 August: Dropped from ₹908.75 to ₹883.80.
  • 7 August: Range between ₹896.45 and ₹879.20.
  • 8 August: Dropped to a low of ₹871.40, closing at ₹874.15

Elliott Wave Mapping

• Wave 1 – Bearish Impulse: The sharp decline from ~₹915 to ~₹887–894 likely marks the first bearish impulse down.
• Wave 2 – Weak Corrective Bounce: A feeble retracement near ~₹896 suggests a shallow corrective phase.
• Wave 3 – Potential Downturn: The slide into ~₹871 could signal the start of a more aggressive decline typical of Wave 3.

Key Support & Resistance Zones

• Support:
  • Initial: ₹887–894 (Wave 1 base)
  • Immediate: ₹871 (week’s low) Smart InvestingInvesting.com
• Resistance (Correction zone):
  • ₹896–900 zone; a break above this area could challenge the bearish wave structure.

Nifty Realty ETF Snapshot

• Motilal Oswal Nifty Realty ETF (MOREALTY) reflected similar trends:
  • Started at ₹91.34 on 4 August, then dropped to ₹87.62 by 8 August—a decline of around 4.1% Investing.com IndiaThe Economic TimesMoneycontrol.

Forward Outlook: Week of 11–15 August 2025

Scenario	Trigger Level	Expected Movement
Bullish Rebound	Break above ₹896	Relief rally toward ₹915–925
Bearish Continuation	Drop below ₹871	Sharp downside likely toward ₹800s

• Strategy Insight:
  • Bullish setup: If index holds above ₹880–887 and shows strength, it could indicate extended corrective action (Wave 2).
  • Bearish risk: Sustained weakness below ₹871, especially on higher volume, could confirm Wave 3 descent.

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Summary Table

Period	Elliott Wave Stage	Key Levels	Implication
4–8 August 2025	Wave 1 → Weak Wave 2	Resistance: ₹896–900	Weak bounce; bearish bias remains
11–15 August 2025	Potential Wave 3 (or extended Wave 2)	Breakdown below ₹871 / Rally above ₹896	Guide for next directional move