Trade setup for August 22: Top 15 things to know before the opening bells- Grow Mudra

Trade setup for August 22: Top 15 things to know before the opening bells

22 Aug , 2025 By : Debdeep Gupta

The Nifty 50 sustained its upward journey for the sixth consecutive day, despite profit booking at higher levels, rising 33 points amid rangebound trading on August 21. The index continued to defend the 25,000 zone and traded near the upper line of the Bollinger Bands, signaling a positive trend. A consistent bullish bias helped the index move closer to 25,160 (the 61.8% Fibonacci retracement level of the 25,669–24,337 decline), but it failed to sustain that level. This is expected to remain an immediate hurdle in the upcoming session. Above this, 25,250 becomes a crucial target to watch. Until then, the index is likely to consolidate with support at 25,000, according to experts.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (25,084)

Resistance based on pivot points: 25,135, 25,159, and 25,196

Support based on pivot points: 25,060, 25,036, and 24,999

Special Formation: The Nifty 50 formed a bearish candle due to profit booking at higher levels, but it continued the pattern of higher highs and higher lows on the daily charts. The bullish bias remains intact, as the index stayed above the 50% Fibonacci retracement level and all key moving averages. The 10-, 20-, 50-, and 100-day EMAs trended upward, while the histogram turned further strong. The MACD continued inching closer to the zero line with a sustained bullish crossover, and the RSI climbed to 57.88.

2) Key Levels For The Bank Nifty (55,755)

Resistance based on pivot points: 55,928, 55,995, and 56,104

Support based on pivot points: 55,710, 55,643, and 55,534

Resistance based on Fibonacci retracement: 56,280, 56,602

Support based on Fibonacci retracement: 55,555, 55,069

Special Formation: The Bank Nifty also formed a bearish candle on the daily charts but managed to defend the previous day's low. The index continued to hover around the 20- and 50-day EMAs, and the midline of the Bollinger Bands, for the fourth consecutive session, while also staying above the 10-day EMA, which has been trending upward during the same period. The RSI, at 48.16, remained sideways after the recent rally, while the histogram showed a positive bias for the third straight session, with a bullish crossover in the MACD. This indicates a potential base-building phase with positive undertone.

3) Nifty Call Options Data

According to the monthly options data, the 25,500 strike holds the maximum Call open interest (with 81.7 lakh contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 25,000 strike (59.93 lakh contracts), and the 25,200 strike (58.71 lakh contracts).

Maximum Call writing was observed at the 25,600 strike, which saw an addition of 27.18 lakh contracts, followed by the 25,500 and 25,100 strikes, which added 19.5 lakh and 17.18 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,000 strike, which shed 2.58 lakh contracts, followed by the 24,950 and 24,700 strikes, which shed 1.45 lakh and 85,800 contracts, respectively.

4) Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 25,000 strike (with 84.01 lakh contracts), which can act as a key support level for the Nifty. It was followed by the 24,500 strike (65.47 lakh contracts) and the 24,800 strike (54.1 lakh contracts).

The maximum Put writing was placed at the 25,100 strike, which saw an addition of 20.63 lakh contracts, followed by the 25,000 and 24,800 strikes, which added 19.14 lakh and 16.61 lakh contracts, respectively. There was hardly any Put unwinding seen in the 24,400-25,850 strike band.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 57,000 strike, with 24.78 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 56,000 strike (20.42 lakh contracts) and the 58,000 strike (12.67 lakh contracts).

Maximum Call writing was observed at the 56,000 strike (with the addition of 2.22 lakh contracts), followed by the 55,900 strike (1.72 lakh contracts), and the 56,800 strike (76,370 contracts). The maximum Call unwinding was seen at the 55,700 strike, which shed 1.06 lakh contracts, followed by the 55,500 and 57,800 strikes, which shed 43,295 contracts, and 37,905 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 57,000 strike holds the maximum Put open interest (with 12.69 lakh contracts), which can act as a key level for the index. This was followed by the 56,000 strike (12.52 lakh contracts) and the 55,500 strike (11.71 lakh contracts).

The maximum Put writing was observed at the 55,800 strike (which added 2.26 lakh contracts), followed by the 55,500 strike (1.65 lakh contracts) and the 56,000 strike (1.44 lakh contracts). The maximum Put unwinding was seen at the 54,500 strike, which shed 99,400 contracts, followed by the 55,100 and 53,900 strikes, which shed 49,910 and 45,675 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 1.09 on August 21, compared to 1.28 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India VIX

The India VIX, which measures expected market volatility, remained subdued for the fourth consecutive session and stayed below all key moving averages, falling 3.5 percent on Thursday to 11.37, the lowest level since July 30. This signals a comfort zone for the bulls.

10) Long Build-up (44 Stocks)

A long build-up was seen in 44 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (50 Stocks)

50 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

12) Short Build-up (89 Stocks)

89 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

13) Short-Covering (37 Stocks)

37 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.