Stock Market Outlook: Sensex, Nifty Eyes Recovery After Previous Day’s Fall; Resistance at 25K, Support at 24K

The Indian stock market is expected to open on a positive note on Wednesday, August 13, supported by strong global market cues. Equity benchmark indices-Sensex and Nifty 50-are likely to edge higher in early trade. The indication comes from GIFT Nifty, which was trading around the 24,616 level, showing a premium of nearly 61 points over the Nifty futures' previous close. This premium suggests a firm and optimistic start for domestic equities.

Stock Market Outlook 13 August 2025: Sensex Today

On Tuesday, however, the Indian stock market closed lower, resuming its downward trajectory after a brief pause. The weakness was primarily driven by declines in heavyweight stocks. The Sensex fell by 368.49 points or 0.46%, ending the day at 80,235.59. Similarly, the Nifty 50 slipped 97.65 points or 0.40%, to close at 24,487.40.

Nifty Prediction Today, 13 August 2025

The Nifty 50 reversed some of its previous day's gains and dropped 98 points on August 12, forming a bearish candle on the daily chart. The candle came with a long upper shadow, which technical analysts interpret as a sign of selling pressure at higher levels. This pattern suggests traders are booking profits or showing caution at peak levels.

Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services Ltd. said, "We expect markets to remain in consolidation mode, supported by domestic buying interest, while tracking global cues from US tariff developments and the outcome of the US-Russia talks later this week."

What Traders Should Watch Today?

According to the weekly options data, the 25,000 strike on the Nifty has the maximum Call open interest (OI) with 1.57 crore contracts, establishing it as a key resistance level in the near term. It is followed by the 24,700 strike (1.22 crore contracts) and 24,600 strike (1.18 crore contracts).

Significant Call writing activity was seen at the 24,700 strike, where 61.56 lakh contracts were added, indicating strong resistance at this level. The 25,000 and 25,200 strikes also saw sizable additions of 47.93 lakh and 40.77 lakh contracts, respectively. Meanwhile, Call unwinding was most notable at the 24,200 strike (1.34 lakh contracts reduced), followed by 24,000 (1.26 lakh contracts) and 24,350 (1.15 lakh contracts), suggesting traders are exiting these positions as they adjust to shifting market expectations.

On the Put side, the 24,000 strike holds the maximum Put OI at 92.8 lakh contracts, which indicates strong support for the Nifty around that level. This is followed by the 24,400 strike (81.25 lakh contracts) and the 24,500 strike (80.62 lakh contracts), reinforcing a lower boundary for the index.

The most active Put writing took place at the 24,700 strike with 8.5 lakh contracts added, showing bullish sentiment creeping into higher levels. This was followed by the 23,800 strike (7.07 lakh contracts added) and the 23,850 strike (4.91 lakh contracts added). On the other hand, the maximum Put unwinding was seen at the 24,400 strike (14.77 lakh contracts reduced), followed by 24,500 (10.73 lakh contracts) and 24,200 (9.73 lakh contracts).

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