Quote on Market Morning Inputs 12th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 12th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Benchmark indices rebounded sharply, with Nifty closing 222 points higher, while Sensex was up 746 points. Sectorally, almost all major sectoral indices were trading in the positive zone, but the PSU Bank index outperformed with a gain of over 2 per cent.
Technically, after a long correction, the market has formed a reversal pattern on the daily chart. Additionally, a bullish candle on the daily chart also supports further upside from current levels.
We believe 24,525/80500 and 24,450/80200 would act as key support zones for day traders. Above these levels, the uptrend is likely to continue towards 24,700-24,800/81000-81300. On the other hand, below 24,400/80000, the sentiment may turn negative. In such a scenario, traders may prefer to exit their long positions. For Bank Nifty, we are expecting to remain within the trading range of 56000 and 55000. Buying is advisable between 55200/55100 with a stop loss at 54900.
On the intraday chart, it is forming a diagonal triangle, which increases the importance of the lower levels of this structure. The ideal strategy is to buy Nifty with a stop loss at 24400; however, buying between 24525 and 24450 is advisable.
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