Quote on Market Morning Inputs 14th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 14th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
After the volatile activity of the last 4 days, the market took a breather today. Nifty closed 130 points higher, while Sensex gained 300 points. Across sectors, intraday buying was seen in pharma, healthcare and Defense stocks, while select PSU banks and FMCG stocks witnessed profit booking at higher levels.
Technically, after an initial intraday corrective trend, the market reached 24660/80700 levels; however, it failed to sustain that level and closed marginally above the opening levels. The activity is indicating indecisiveness; however, the positive thing is that it closed above the 10-day EMA, which could pull the market towards the 20-day SMA, which is at 24800/81200. Support is present at 24500/80300, below which it could gradually decline to 24400/80000 or 24350/79800 levels. It is advised to trade as per the given levels.
The strategy should be to buy Nifty with a stop loss of 24500 if it crosses the 24680 level. The resistance on the upper level will be at 24800 and 24900. On the other hand, if Nifty goes below the 24500 level, then it is advisable to sell it with a stop loss of 24700.
Bank-Nifty is narrowing its trading range. It is advisable to buy above 55350 with a stop loss of 55100. However, it is advisable to sell at the 54850 level.
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