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Below the Quote on Post Market Comment 20th Aug 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd

Indian equity markets ended the session on a positive note on August 20, as the indices opened flat but witnessed strong buying from lower levels, which helped them close higher. The Sensex advanced 213.46 points, or 0.26%, to settle at 81,857.85, while the Nifty gained 69.90 points, or 0.28%, to close at 25,050.55. Market breadth remained positive with 1,489 stocks advancing against 1,060 declining, reflecting sustained buying interest in the broader market.

The Nifty index opened on a flat note and witnessed some pressure at the start, but buying from lower levels helped it rebound and move above the 25,000 mark, recording an intraday high of 25,088.70 before settling at 25,050. On the daily chart, a strong bullish-bodied candlestick has been formed, indicating renewed strength in the index. The Nifty is now comfortably holding above all its key moving averages, reflecting a firm underlying trend. On the downside, immediate support is placed at 25,000, followed by 24,800, while on the upside, resistance is seen at 25,100, followed by 25,200. Among the Nifty 50 constituents, the top gainers were Infosys, TCS, Hindustan Unilever, Nestle India, and NTPC, while the top losers included BEL, Bajaj Finance, Shriram Finance, Tata Motors, and IndusInd Bank.

The Bank Nifty index opened with a gap-down and traded sideways throughout the day. Although the index attempted a recovery, it failed to sustain and eventually ended the session on a negative note, slightly below the 55,700 mark. On the daily chart, the index formed a small bearish-bodied candlestick with both upper and lower wicks, suggesting indecision and pressure at higher levels. The index is still unable to surpass and hold above its short-term and medium-term EMAs, hovering below both, which suggests lingering weakness. On the downside, immediate support is placed at 55,500, followed by 55,300, while on the upside, resistance is seen near 55,800, with the next hurdle coming in the 56,000–56,200 zone.

India VIX was slightly down by 0.04% at 11.7850, suggesting continued stability in market sentiment with limited volatility expectations. On the derivatives front, the highest Call Open Interest (OI) for Nifty stands at the 25,100 strike, followed by the 25,200 strike, indicating these levels could act as key resistance zones. On the Put side, the highest OI is placed at the 25,000 strike, followed by the 24,900 strike, highlighting strong support levels. This OI setup suggests that the 25,000–25,100 range will be crucial for Nifty’s near-term movement, with a breakout on either side likely to dictate the next directional trend.

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