Quote on Market Wrap Up 20th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap Up 20th Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices continued their positive momentum. The Nifty ends 70 points higher, while the Sensex was up by 213 points. Among sectors, the IT index outperformed, rallying 2.63 percent, whereas despite strong market sentiment, profit booking was seen in the Media Index, which shed over 2 percent. Technically, the market successfully cleared the 25,000/81,500 resistance zone, and post-breakout, it intensified its positive momentum. Additionally, 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, the 25,000/81,500 and 24,930/81,300 levels would act as key support zones. As long as the market trades above these levels, the bullish sentiment is likely to continue. On the higher side, the index could move up to 25,150–25,200 / 82,300–82,500. Conversely, below 24,930/81,300, the uptrend would become vulnerable.
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