Nifty 50, Sensex today: What to expect from Indian stock market in trade on August 13 after Wall Street rally

By Admin

13 Aug, 2025

The Indian stock market benchmark indices, Sensex and Nifty 50, are poised for a higher opening on Wednesday, August 13, taking cues from the strong performance of global markets and Wall Street’s rally. The Gift Nifty trends also signaled optimism, trading around the 24,619 level   a premium of nearly 64 points over the Nifty futures’ previous close.

On Tuesday, the markets lost ground as the Sensex fell 368.49 points (0.46%) to 80,235.59, while the Nifty 50 declined 97.65 points (0.40%) to settle at 24,487.40.

Sensex Prediction

According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, Sensex faced resistance near 81,000 before reversing sharply. He noted that the market is currently non-directional, making level-based trading the preferred strategy for day traders.

• Immediate resistance: 80,500
  
  

• Upside potential: 81,000 – 81,200
  
  

• Support zone: Below 80,000, with further declines likely towards 79,800 – 79,500
  
  

Nifty OI Data & Market Range

On the derivatives side, the highest Call Open Interest (OI) for Nifty is at 24,500, followed by 24,600 and 24,700, suggesting these are immediate resistance points. On the Put side, the highest OI is also at 24,500, followed by 24,400, marking strong support levels.

Hardik Matalia of Choice Equity Broking said the 24,400–24,600 range will be critical for Nifty’s near-term movement, with a breakout in either direction deciding the next trend.

Nifty 50 Prediction

Technical indicators show an inverted hammer candle on the daily chart, pointing to selling pressure at higher levels.

• Nagaraj Shetti (HDFC Securities) said the bulls are likely to hold ground as long as 24,300 remains protected. He expects buying to emerge from the 24,300–24,400 range, potentially pushing Nifty to retest the 24,700 mark.
  
  

• Nilesh Jain (Centrum Broking) highlighted that reclaiming 24,500 is crucial for a move towards 24,700. He sees Nifty remaining range-bound between 24,330 (support) and 24,700 (resistance).
  
  

• VLA Ambala (Stock Market Today) advises a sell-on-rise strategy, expecting support at 24,410, 24,305, and 24,240, and resistance at 24,580, 24,650, and 24,730.
  
  

Bank Nifty Prediction

The Bank Nifty fell 467.05 points (0.84%) to 55,043.70 on Tuesday, forming an Inside Bar candlestick pattern, reflecting market indecision.

• Om Mehra (SAMCO Securities) noted that Bank Nifty remains below key moving averages (50-SMA, 20-SMA, 9-EMA), indicating short-term weakness. He warned that a break below 55,000 could trigger further declines towards 54,700 and 54,450. Resistance lies at 55,650.
  
  

• Hrishikesh Yedve (Asit C. Mehta) sees 54,950 (100-DEMA) as strong support. A short-term pullback is possible if this level holds, but 56,050 remains a key resistance.
  
  

Outlook for August 13

Overall, the Indian stock market is set for a positive start today, supported by global cues and bullish signals from the Gift Nifty. However, traders should watch critical support and resistance zones closely, as the indices are expected to remain in a range-bound trade with selective buying opportunities.