Opening Bell 29 Aug 2025: Nifty Under Pressure, Reliance AGM in Focus Amid Global Uncertainty
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian Stock Market Opening Bell 29 Aug 2025 – Nifty faces resistance at 24,650 and support at 24,350. Bank Nifty likely to test 53,500 support. Reliance AGM, global trade risks, and sectoral rotation to drive today’s moves.
Market Snapshot – 29 August 2025
- Nifty 50: Previous Close – 24,500.90, Open – 24,466.70
- Bank Nifty: Previous Close – 53,820.35, Open – 53,660.35
- Sensex: Previous Close – 80,080.57, Open – 79,981.06
- Fin Nifty: Previous Close – 25,640.30, Open – 25,575.40
The Indian stock market is set to open on a cautious note today as traders weigh Reliance AGM updates, global demand concerns, and end-of-month F&O adjustments.
Technical Outlook – Nifty, Bank Nifty & Key Levels
📊 Nifty 50 Outlook
- Resistance: 24,650 zone
- Support: 24,350
- View: The index is facing supply pressure at higher levels. Any bounce toward 24,600–24,650 could attract selling. Short-term traders may adopt a “sell-on-rise” strategy as long as Nifty trades below 24,650. A decisive break below 24,350 can trigger a deeper correction.
📊 Bank Nifty Outlook
- Resistance: 54,200 zone
- Support: 53,500 (gap-filling zone)
- View: Bank Nifty remains range-bound but vulnerable to downside pressure. Traders should watch the 53,500 level carefully—if breached, further selling could drag the index toward 53,200.
📊 Sensex Outlook
- After a volatile session yesterday, Sensex is showing signs of fatigue near the 81,000 mark. Reliance Industries, HDFC Bank, and IT majors will remain key movers.
📊 Fin Nifty Outlook
- A mild correction is underway. Watch for supports near 25,500. Resistance capped at 26,000.
Global Cues – Clouds of Uncertainty
- US Markets closed mixed yesterday as trade-related tensions and the possibility of renewed tariffs dampened sentiment.
- Asian Markets are trading weak today, mirroring cautious investor mood.
- Crude Oil is stable but risks remain due to supply restrictions.
- Dollar Index & Bond Yields are elevated, keeping FIIs cautious.
Takeaway: Expect heightened volatility in Indian markets with global risk-off tone weighing on sentiments.
Domestic Cues – Reliance AGM in Spotlight
The most awaited corporate event of the season is here – Reliance Industries AGM (29 Aug 2025). Key expectations include:
- Updates on Jio Financial Services growth and digital initiatives.
- Expansion plans in Green Energy, 5G, and Retail verticals.
- Dividend announcements or bonus/share buyback clarity.
Historically, Reliance AGM tends to create intraday volatility across the index due to its heavy weight in Nifty & Sensex.
Sectoral Outlook – Where to Focus Today
🔹 IT Sector – A defensive play today as global volatility makes investors lean on resilient cash-rich businesses. Infosys, TCS, HCL Tech may see support buying.
🔹 Banks & Financials – Weakness expected as FII flows remain muted. Watch for price action near HDFC Bank, ICICI Bank, and Axis Bank.
🔹 Energy & OMCs – Reliance AGM could be the trendsetter. ONGC, BPCL, and IOC remain in focus given crude movement.
🔹 Pharma & Healthcare – Defensive buying could lift stocks like Sun Pharma, Cipla, Apollo Hospitals.
🔹 Metals – Likely to remain weak amid global demand slowdown and BofA’s cautious outlook on capex. Vedanta, Tata Steel under pressure.
Stocks to Watch – 29 August 2025
- Reliance Industries (RIL) – AGM will decide intraday trend. Expect heavy volume and volatility.
- HDFC Bank & ICICI Bank – Bank Nifty direction hinges on these heavyweights.
- Infosys / TCS – IT defensives may see safe-haven demand.
- Vedanta – Dividend-related activity and metals outlook under scanner.
- Apollo Hospitals & Sun Pharma – Pharma space gaining traction amid defensive shift.
F&O Expiry & Volatility Ahead
Today marks end-of-month derivatives settlement, which typically brings sharp intraday moves.
- Watch 24,500–24,650 on Nifty and 53,500–54,200 on Bank Nifty.
- Option writers are expected to defend key strikes, adding to intraday volatility.
Trading Strategy for Today – 29 Aug 2025
✅ Nifty – Sell on rise near 24,600–24,650 with stop-loss above 24,700; target 24,350.
✅ Bank Nifty – Short positions below 53,600; support at 53,500, next target 53,200.
✅ IT & Pharma – Look for long opportunities as defensive sectors may outperform.
✅ Reliance Industries – Avoid directional bets before AGM clarity. Consider straddle/strangle option strategies for intraday volatility play.
Conclusion – Opening Bell 29 Aug 2025
The Indian stock market enters today’s session on a cautious footing with Reliance AGM, global uncertainties, and F&O expiry shaping the trend. Traders should adopt a sell-on-rise strategy for indices while selectively buying into defensives. Reliance, banks, and IT will dictate market momentum.
🔑 Final Note:
The Opening Bell 29 Aug 2025 reflects a market caught between domestic event-driven triggers and global caution. Flexibility, disciplined risk management, and focus on key zones (Nifty: 24,350–24,650, Bank Nifty: 53,500–54,200) will be essential for intraday traders.
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and [WhatsApp Channel] subscribe to our newsletter!
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.
By using this website, you agree to the terms of this disclaimer.
Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
📌 Follow Ranjit on:
LinkedIn | Twitter/X | Instagram | ✉️ contact@capitalkeeper.in