diff --git a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/GOLDEN_PARTIAL.js b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/GOLDEN_PARTIAL.js
index ea5163c8421..ca395e33ba2 100644
--- a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/GOLDEN_PARTIAL.js
+++ b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/GOLDEN_PARTIAL.js
@@ -1926,3 +1926,54 @@ export declare class MyApp {
     static ɵcmp: i0.ɵɵComponentDeclaration<MyApp, "ng-component", never, {}, {}, never, never, false, never>;
 }
 
+/****************************************************************************************************
+ * PARTIAL FILE: nested_for_tracking_function.js
+ ****************************************************************************************************/
+import { Component } from '@angular/core';
+import * as i0 from "@angular/core";
+export class MyApp {
+    constructor() {
+        this.items = [];
+        this.trackByGrandparent = (item, index) => index;
+        this.trackByParent = (item, index) => index;
+        this.trackByChild = (item, index) => index;
+    }
+}
+MyApp.ɵfac = i0.ɵɵngDeclareFactory({ minVersion: "12.0.0", version: "0.0.0-PLACEHOLDER", ngImport: i0, type: MyApp, deps: [], target: i0.ɵɵFactoryTarget.Component });
+MyApp.ɵcmp = i0.ɵɵngDeclareComponent({ minVersion: "17.0.0", version: "0.0.0-PLACEHOLDER", type: MyApp, selector: "ng-component", ngImport: i0, template: `
+    @for (grandparent of items; track trackByGrandparent(grandparent, $index)) {
+      @for (parent of grandparent.items; track trackByParent(parent, $index)) {
+        @for (child of parent.items; track trackByChild(child, $index)) {
+
+        }
+      }
+    }
+  `, isInline: true });
+i0.ɵɵngDeclareClassMetadata({ minVersion: "12.0.0", version: "0.0.0-PLACEHOLDER", ngImport: i0, type: MyApp, decorators: [{
+            type: Component,
+            args: [{
+                    template: `
+    @for (grandparent of items; track trackByGrandparent(grandparent, $index)) {
+      @for (parent of grandparent.items; track trackByParent(parent, $index)) {
+        @for (child of parent.items; track trackByChild(child, $index)) {
+
+        }
+      }
+    }
+  `,
+                }]
+        }] });
+
+/****************************************************************************************************
+ * PARTIAL FILE: nested_for_tracking_function.d.ts
+ ****************************************************************************************************/
+import * as i0 from "@angular/core";
+export declare class MyApp {
+    items: any[];
+    trackByGrandparent: (item: any, index: number) => number;
+    trackByParent: (item: any, index: number) => number;
+    trackByChild: (item: any, index: number) => number;
+    static ɵfac: i0.ɵɵFactoryDeclaration<MyApp, never>;
+    static ɵcmp: i0.ɵɵComponentDeclaration<MyApp, "ng-component", never, {}, {}, never, never, false, never>;
+}
+
diff --git a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/TEST_CASES.json b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/TEST_CASES.json
index 8e5b68d6c1d..b3f688adde1 100644
--- a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/TEST_CASES.json
+++ b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/TEST_CASES.json
@@ -617,6 +617,23 @@
         }
       ],
       "skipForTemplatePipeline": true
+    },
+    {
+      "description": "should generate tracking function in a nested for loop",
+      "inputFiles": [
+        "nested_for_tracking_function.ts"
+      ],
+      "expectations": [
+        {
+          "files": [
+            {
+              "expected": "nested_for_tracking_function_template.js",
+              "generated": "nested_for_tracking_function.js"
+            }
+          ],
+          "failureMessage": "Incorrect template"
+        }
+      ]
     }
   ]
 }
diff --git a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/nested_for_tracking_function.ts b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/nested_for_tracking_function.ts
new file mode 100644
index 00000000000..9d01b5e5898
--- /dev/null
+++ b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/nested_for_tracking_function.ts
@@ -0,0 +1,19 @@
+import {Component} from '@angular/core';
+
+@Component({
+  template: `
+    @for (grandparent of items; track trackByGrandparent(grandparent, $index)) {
+      @for (parent of grandparent.items; track trackByParent(parent, $index)) {
+        @for (child of parent.items; track trackByChild(child, $index)) {
+
+        }
+      }
+    }
+  `,
+})
+export class MyApp {
+  items: any[] = [];
+  trackByGrandparent = (item: any, index: number) => index;
+  trackByParent = (item: any, index: number) => index;
+  trackByChild = (item: any, index: number) => index;
+}
diff --git a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/nested_for_tracking_function_template.js b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/nested_for_tracking_function_template.js
new file mode 100644
index 00000000000..81eac05a0b2
--- /dev/null
+++ b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_control_flow/nested_for_tracking_function_template.js
@@ -0,0 +1,44 @@
+function _forTrack0($index, $item) {
+  return this.trackByGrandparent($item, $index);
+}
+
+function _forTrack1($index, $item) {
+  return this.trackByParent($item, $index);
+}
+
+function _forTrack2($index, $item) {
+  return this.trackByChild($item, $index);
+}
+
+function MyApp_For_1_For_1_For_1_Template(rf, ctx) {}
+
+function MyApp_For_1_For_1_Template(rf, ctx) {
+  if (rf & 1) {
+    $r3$.ɵɵrepeaterCreate(0, MyApp_For_1_For_1_For_1_Template, 0, 0, null, null, _forTrack2, true);
+  }
+  if (rf & 2) {
+    const $parent_r7$ = ctx.$implicit;
+    $r3$.ɵɵrepeater($parent_r7$.items);
+  }
+}
+
+function MyApp_For_1_Template(rf, ctx) {
+  if (rf & 1) {
+    $r3$.ɵɵrepeaterCreate(0, MyApp_For_1_For_1_Template, 2, 0, null, null, _forTrack1, true);
+  }
+  if (rf & 2) {
+    const $grandparent_r1$ = ctx.$implicit;
+    $r3$.ɵɵrepeater($grandparent_r1$.items);
+  }
+}
+
+…
+
+function MyApp_Template(rf, ctx) {
+  if (rf & 1) {
+    $r3$.ɵɵrepeaterCreate(0, MyApp_For_1_Template, 2, 0, null, null, _forTrack0, true);
+  }
+  if (rf & 2) {
+    $r3$.ɵɵrepeater(ctx.items);
+  }
+}
diff --git a/packages/compiler/src/render3/view/template.ts b/packages/compiler/src/render3/view/template.ts
index 1a2093ae421..f0186462094 100644
--- a/packages/compiler/src/render3/view/template.ts
+++ b/packages/compiler/src/render3/view/template.ts
@@ -2550,11 +2550,16 @@ export class BindingScope implements LocalResolver {
 class TrackByBindingScope extends BindingScope {
   private componentAccessCount = 0;
 
-  constructor(parentScope: BindingScope, private globalAliases: Record<string, string>) {
+  constructor(parentScope: BindingScope, private globalOverrides: Record<string, string>) {
     super(parentScope.bindingLevel + 1, parentScope);
   }
 
   override get(name: string): o.Expression|null {
+    // Intercept any overridden globals.
+    if (this.globalOverrides.hasOwnProperty(name)) {
+      return o.variable(this.globalOverrides[name]);
+    }
+
     let current: BindingScope|null = this.parent;
 
     // Prevent accesses of template variables outside the `for` loop.
@@ -2565,11 +2570,6 @@ class TrackByBindingScope extends BindingScope {
       current = current.parent;
     }
 
-    // Intercept any aliased globals.
-    if (this.globalAliases[name]) {
-      return o.variable(this.globalAliases[name]);
-    }
-
     // When the component scope is accessed, we redirect it through `this`.
     this.componentAccessCount++;
     return o.variable('this').prop(name);