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

Today, the benchmark indices continued their positive momentum. The Nifty closed  104 points higher, while the Sensex was up by 371 points. Among sectors, the Oil and Gas index outperformed, rallying 1.65 percent, whereas the Defence Index lost the most, shed 1 percent.

Technically, after a muted open, the market took support near 24,875/81300 and bounced back sharply. In addition,  A bullish candle on daily charts and an uptrend continuation formation on intraday charts indicate a further uptrend from the current levels.

For day traders, as long as the market trades above 24,875/81300, the uptrend wave is likely to continue on the higher side, potentially moving up to 25,150-25,250/82000-82300. On the flip side, below 24,875/81300, the uptrend would become vulnerable. Under such conditions, traders may prefer to exit their long positions.