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Below the Quote on Post market comment 11th Aug 2025 by Amruta  Shinde, Research Analyst, Choice Broking

Indian equity markets closed higher on August 11, 2025, after a volatile trading session. The Sensex gained 746.29 points, or 0.93 percent, to end at 80,604.08, while the Nifty advanced 221.75 points, or 0.91 percent, to settle at 24,585.05. The BSE Midcap index added 0.8 percent, and the Smallcap index rose 0.35 percent.

The Nifty opened on a flat note but staged a strong recovery, rebounding over 230 points to end near the previous day’s high. This price action resulted in a bullish candlestick pattern, reflecting sustained buying interest and momentum. Technically, a decisive move above 24,650 could open the way for an upside toward 24,850, while immediate support lies at 24,500 and 24,330 — both considered attractive levels for fresh long positions. Sector-wise, except for consumer durables, all other indices closed in the green, with pharma, metal, auto, oil & gas, PSU banks, and realty gaining between 0.5–2 percent.

The Bank Nifty also witnessed a sharp intraday reversal of nearly 580 points, forming a strong bullish candle that signaled continued buying interest. It found strong support near the 20-week Exponential Moving Average (EMA), indicating the presence of buyers at lower levels, and closed above the previous day’s close. Key supports are now placed at 55,320 and 55,000, with resistance in the 55,700–56,000 range. A convincing breakout above this resistance band could pave the way for a rally toward the psychological 56,200 mark.

The India VIX, a key gauge of market volatility, rose 1.54 percent to 12.21, reflecting reduced uncertainty and improved investor sentiment. In the derivatives segment, open interest data showed the highest call writing at the 24,600 strike, while the highest put OI was concentrated at 24,500 and 24,400. This positioning suggests that resistance persists near 24,600; however, traders are anticipating potential upside, with a sustained close above this level necessary to maintain bullish momentum.

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