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Below the Quote on Market Wrap Up 13th 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.

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