August 12, 2025
admin
Exclusive Technical Analysis of the Market by Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities
For 13 August 2025
After Monday’s sharp rally, selling pressure emerged from higher levels on Tuesday, leading Nifty to close lower by 97 points. The index opened firm and extended gains in the early to mid-session, but sharp weakness from the day’s high of 24,700 dragged the market lower for the rest of the day.
On the daily chart, a small red candle with a long upper shadow has formed, reflecting the inability to sustain above higher levels and signalling that upside momentum is facing resistance near the overhead hurdle. However, bulls are likely to maintain control as long as the support at 24,300 remains intact.
The short-term uptrend, revived after Monday’s surge, is still in place. Buying interest is expected to emerge in the 24,300–24,400 zone, which could help Nifty reattempt the key hurdle near 24,700 in the coming sessions.
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
Quicklinks
Technical Analysis of the Market by Nagaraj Shetti
Good