MARKET UPDATE  22-08-2025

MARKET UPDATE 22-08-2025

By CKN Staff

August 22, 2025

A quiet weekly expiry leaves the PCR at 1.00 levels so option traders are evenly placed and hence no bias exists for direction among them. Some indication will arrive as we get into the last week for August, starting today. But Put OI moving to 25000 is hinting that supports have moved up during the week and hence one can possibly state that the bias has shifted slightly to the upside over the week.
NF has reached the down Gann angle for resistance as of yesterday and there is resistance till 25250 areas if rise attempts continue. However, lacking inputs by way of news may hinder that task. At the same time there isn’t anything for it to go lower either and hence the built up Put position along with the general sentiment may protect the 24900-25000 areas. Hence, more ranging, with stock specific moves.
On Neotrader, I find 35/50 Nifty stocks with high Bull scores compared to only 13 for Bear scores. Also, there are only 8/50 stocks with bearish CS Rank1 . Hence the data is still pointing towards a bullish bias.
Therefore this still remains a buy-on-dip market for now for the day traders.

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