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Below the Quote on Market Morning Inputs 19th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

The benchmark indices experienced a strong recovery. The Nifty ended with a gain of 251 points, while the Sensex rose by 696 points. Among the sectors, the Auto and Consumer indices stood out, with the Auto sector gaining 4% and the Consumer sector increasing by 3.3%. Despite the overall positive market sentiment, the IT index faced intraday profit booking at higher levels.

From a technical perspective, after a gap-up opening, the market encountered selling pressure during the day. However, it managed to close above the 20-day Simple Moving Average (SMA) at 24,750, which is largely a positive indication.

We believe the short-term market outlook is optimistic. For day traders, a strategy of buying on intraday dips and selling on rallies would be ideal. On the downside, key support levels are at 24,700 and the 20-day SMA of 24,750. In contrast, significant resistance levels for the bulls are found at 25,000 (the 50-day SMA) and 25,100.

The recommended strategy is to buy between 24750 and 24700, with a final stop loss set at 24600. For the Bank Nifty, support may be found between 55500 and 55350. Buying is advisable around 55350, with a stop loss at 55000. Resistance levels are at 55850 and 56100.