Market Outlook for 21st Aug 2025

NIFTY: the index seen a gap down and a heavy CE writing at 25000 strike with OI treading above 2 cr mark at some point of the day, while as the index manage to surpass 25020-25 range, CE writers covered their shorts at 25000 strike and added shorts at 25100 and 25200 strike, while 25000 PE added 2.66 cr open position suggesting it as a base support ahead of tomorrow weekly expiry. The heavy concentration of OI at PE 25000 strike can the index vulnerable in tomorrow’s trade and sustained trading below 24970 can lead to short coverings to push prices lower. The preferred buying for the short term remains at 24700-730 area after the gap cover. The 25080-25100 is the immediate resistance followed by 25200-220 area.

In stock specific, Hotels stocks such as ITC and Indian Hotels looks attractive at the moment ahead of festive demand from Q3, along with few other consumption stocks.

In the coming days, the overall outlook remains favorable for short term swing trader with PM unveiled measure to cut GST in selected product categories to boost consumption demand, in his independent day speech.

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