Quote on Pre-market comment 13th Aug 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 13th Aug 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Indian benchmark indices are expected to open on a positive note today, as indicated by the GIFT Nifty, which points to a marginal uptick of around 110 points in the Nifty 50. While market sentiment remains cautiously optimistic, it is still weighed down by persistent volatility and mixed global cues.
In the previous session, the Nifty opened flat and witnessed strong early buying, but the gains could not be sustained as selling pressure dragged it below 24,500, ending the day in negative territory. The daily chart shows the formation of a bearish candle with a long upper wick, reflecting selling pressure at higher levels. The index also failed to test its short-term EMA zones and continues to trade below both short- and medium-term EMAs, signalling underlying weakness. Key support levels are placed at 24,400 and 24,300, and a breakdown below these may extend the decline toward 24,000. Resistance is seen at 24,600, followed by 24,700–24,800.
The Bank Nifty had a volatile session, attempting an upside move but facing consistent selling from higher levels, ultimately closing down by 467.05 points (0.84%) at 55,043.70. On the daily chart, it formed an Inside Bar pattern, suggesting consolidation and indecision between buyers and sellers. Immediate support lies at 55,000, followed by 54,700–54,500, with a breakdown likely to trigger further selling pressure. Resistance is placed at 55,500 and then at 55,800–56,000, with a sustained breakout above this range necessary to revive bullish momentum.
On the institutional side, Foreign Institutional Investors (FIIs) extended their selling streak, offloading equities worth ?3,398 crore on August 12, while Domestic Institutional Investors (DIIs) were net buyers, purchasing equities worth ?3,507 crore.
Given the current environment of uncertainty and heightened volatility, traders are advised to adopt a cautious “wait-and-watch” approach, especially with leveraged positions. Booking partial profits during rallies and using tight trailing stop-losses remain prudent risk management strategies. Fresh long positions should be considered only if the Nifty sustains above the 24,750 level. Overall, the broader outlook stays cautiously bullish, with a focus on monitoring key breakout levels and global market developments.
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