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Below the Quote on Market Morning Inputs 13th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities 

Benchmark indices experienced a volatile trading session. After a series of ups and downs, the Nifty closed 98 points lower, while the Sensex fell by 369 points. During the day, there was some buying activity in the pharmaceutical and media sectors, but profit booking occurred at higher levels in selected financial, defense, and banking stocks.

From a technical perspective, after an initial intraday rally, the market encountered resistance near the 24,700 level and reversed sharply. From its highest point of the day, the market dropped over 225 points. We believe the current market structure is lacking direction; therefore, level-based trading would be the ideal strategy for day traders. On the upside, 24,570 will serve as an immediate resistance zone. If the market surpasses this level, it could rebound to the range of 24,700 to 24,775. On the downside, if it falls below 24,400, we can expect increased selling pressure and may fall to 24350 or 24250 levels.

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