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Below the Quote on Market Wrap Up 21st Aug 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed narrow-range activity. The Nifty ends 33 points higher, while the Sensex was up by 143 points. Among sectors, Pharma and Healthcare indices gained nearly 1 percent, whereas the Capital Market index lost the most, shed over 2 percent. Technically, after a gap-up open, the market experienced range-bound activity throughout the day. On daily charts, it has formed a small  candle, indicating indecisiveness between the bulls and the bears.

We are of the view  that the larger market trend is upward, but for day traders, buying on intraday corrections and selling on rallies would be the ideal strategy. On the downside, 25,000/81700 and 24,950/81500 would act as key support zones, while 25,150/82300 and 25,250/82500 could be crucial resistance levels for the bulls. However, below 24,950/81500, the sentiment could change. If the index falls below this level, traders may prefer to exit long positions.