Quote on Post Market Comment 12th Aug 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
Below the Quote on Post Market Comment 12th Aug 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
Indian equity markets ended on a negative note on August 12, after witnessing volatility during the session. The Sensex declined by 368.48 points, or 0.46%, to close at 80,235.60, while the Nifty fell by 97.65 points, or 0.40%, to settle at 24,487.40. Market breadth remained weak, with 1,196 stocks advancing and 1,330 declining, indicating a broadly negative sentiment despite brief intraday recoveries.
The Nifty index opened on a flat note, witnessing strong buying interest at the start of the session, but failed to sustain higher levels as selling pressure emerged from the top. This dragged the index below the 24,500 mark, leading to a negative close. On the daily chart, a bearish-bodied candle with a long upper wick has formed, indicating selling pressure at higher levels. The index made an attempt to test its short-term EMA zones but failed to reach them, facing rejection instead. It continues to trade below both its short-term and medium-term EMAs, reflecting prevailing weakness. On the downside, immediate support is placed at 24,400, followed by 24,300; a breach below this zone could extend the fall towards the 24,000 levels. On the upside, immediate resistance is seen around 24,600, followed by the 24,700–24,800 range. Top gainers in the Nifty 50 were Maruti, Tech Mahindra, Hero MotoCorp, M&M, and NTPC, while the top losers included Bajaj Finance, Trent, Hindustan Unilever, HDFC Bank, and Nestle India.
The Bank Nifty index witnessed a volatile trading session, where it attempted to move higher but faced consistent selling pressure from the upper levels. This inability to hold on to early gains dragged the index sharply lower, eventually ending the day on a negative note, down by 467.05 points, or 0.84%, to close at 55,043.70. On the daily chart, the index formed an Inside Bar candlestick pattern, reflecting indecision in the market as buyers and sellers remained in a tug-of-war near crucial price zones. The pattern also suggests that the market is in a consolidation phase, awaiting a decisive breakout to establish the next directional move. On the downside, immediate support is placed at the psychological 55,000 mark, followed by the 54,700–54,500 range. A breakdown below this zone could trigger further selling pressure and weaken the short-term structure. On the upside, immediate resistance lies at 55,500, followed by the 55,800–56,000 zone. A sustained move above this range will be essential to revive bullish momentum and pave the way for higher levels. Until then, the index is likely to remain range-bound with a negative bias.
India VIX was almost flat, edging up by 0.12% to 12.2325, suggesting stability in market sentiment with a mildly cautious undertone. On the derivatives front, the highest Call Open Interest (OI) for Nifty is at the 24,500 strike, followed by 24,600 and 24,700, indicating these levels could act as immediate resistance. On the Put side, the highest OI is also at the 24,500 strike, followed by 24,400, highlighting strong support zones. This OI setup suggests that the 24,400–24,600 range will be crucial for Nifty’s near-term movement, and a breakout on either side could dictate the next directional trend.
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