• Invest
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Currency
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Product Suite
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    All Calculators
    Product Suite
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Stocks
    Market Movers
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Stocks
    Indices
    Mutual Funds
    IPO
  • Learn
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Quarterly Results
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Commodities
    Currency
    Futures & Options
    Derivatives
    Margin Trading
    Events
    Budget 2024
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2024
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Fund Expert
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement
​

Nifty Strategy for August 25 | Sensex Down Over 400 Points, Jio Financial Services Top Loser

  •  4m
  • 0•
  • 25 Aug 2023

On Thursday, the benchmark indices witnessed profit-booking at higher levels, with the Nifty closing down by 57 points, and the Sensex slumping by 181 points.

Some buying was observed in digital and IT stocks, while the PSU Bank index declined nearly 1 percent.

Check out this short video for detailed market update: Market Ready by Kotak Securities

Today, the Indian markets are trading on a negative note with the Sensex trading lower by 408 points at the time of writing.

Here’s a rundown of today’s expected market movements…

Nifty Technical Analysis:

Technically, against the backdrop of positive global sentiment, our market opened with a gap up but faced severe profit booking at higher levels. The market erased around 200 points on the Nifty and 700 on the Sensex from the day's highs. A bearish candle was formed, indicating a negative sentiment.

For the bulls, the immediate resistance zone is seen around 19500/65500. Below 19400, the index may retest 19325-19300/65000-64800 levels. On the other hand, after a breakout above 19500/65500, the market might rally towards 19600/65800.

Based on short-term averages and intraday charts, selling pressure seems to persist in the short term. The strategy should be to consider buying between 19350 and 19300, with a stop loss at 19245.

Trading Strategy for Nifty:

For the Nifty, be cautious of the immediate resistance at 19500/65500.

Watch for buying opportunities between 19350 and 19300, placing a stop loss at 19245.

Bank Nifty Analysis:

The Bank Nifty has support near 44400 and 44200.

To establish any long positions, maintain a stop loss at 44000. Resistance levels are anticipated at 44750 and 45000.

Nifty IT Index:

The Nifty IT index may continue to fluctuate within the range of 30500 and 31300 levels.

To learn effective trading strategies, check out our courses by clicking HERE.

Please keep in mind that market conditions can change rapidly, and it's essential to stay informed and implement proper risk management while making trading decisions.

See you tomorrow!

Kotak Securities

Disclaimer: The information provided in this article is based on technical analysis and does not constitute financial advice. Traders should exercise their own judgement and consult with financial professionals before making any investment decisions.

Did you enjoy this article?

0 people liked this article.

What could we have done to make this article better?

Read Full Article >
Enjoy Free Demat Account Opening
+91 -

personImage
Enjoy Free Demat Account Opening
+91 -