The Nifty 50 remained indecisive for another session and closed 0.12 percent lower while defending the midline of the Bollinger Bands on a closing basis for the third straight day on August 14. The momentum indicators signalled caution and somewhat bearishness in the near term, although there has been no major breakdown yet. According to experts, 24,200—which somewhat coincides with the 100-day EMA, 50 percent Fibonacci retracement level, and 50-day EMA—is expected to be the next support for the index. A decisive break below this level could drag the index down to 24,050–24,000. However, 24,500 is likely to act as the immediate resistance for the index.
Here are 15 data points we have collated to help you spot profitable trades:
Resistance based on pivot points: 24,397, 24,423, and 24,464
Support based on pivot points: 24,315, 24,289, and 24,248
Special Formation:The Nifty 50 formed a Doji-like candlestick on the daily chart after trading within Wednesday’s range, signalling indecision amid continued range-bound activity. The index slipped below its 200-day EMA but managed to close slightly above its 20-day EMA at 24,364. It continues to trade comfortably above its 50- and 100-day EMAs. Momentum, however, has been weakening gradually, with the RSI declining to 52.21 and remaining below its reference line. The MACD also maintained its bearish crossover, while the expanding red histogram bar pointed to a further increase in negative momentum. All this signals cautious sentiment, weakening momentum, and consolidation, with the near-term bias turning somewhat bearish.
Resistance based on pivot points: 57,633, 57,704, and 57,819
Support based on pivot points: 57,403, 57,332, and 57,217
Resistance based on Fibonacci retracement: 58,137, 58,706
Support based on Fibonacci retracement: 57,135, 56,870
Special Formation: The Bank Nifty also traded within Wednesday’s range for another session before forming a red candle with wicks on both sides, indicating indecision. The index fell below its short-term moving averages but remained well above its medium- and long-term moving averages. Meanwhile, the flat RSI and ADX suggested a lack of strong directional momentum and volatility. Overall, this indicates that the index continues to remain in a phase of consolidation, although the medium- and long-term structure remains healthy.
According to the weekly options data, the 24,500 strike holds the maximum Call open interest (with 1.12 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,800 strike (1.03 crore contracts) and 24,600 strike (90.44 lakh contracts).
Maximum Call writing was observed at the 24,350 strike, which saw an addition of 16.71 lakh contracts, followed by the 24,400 and 24,700 strikes, which added 10.77 lakh and 9.97 lakh contracts, respectively. The maximum Call unwinding was seen at the 24,800 strike, which shed 4.16 lakh contracts, followed by the 24,850 and 24,900 strikes, which shed 3.56 lakh and 2.8 lakh contracts, respectively.
On the Put side, the maximum Put open interest was seen at the 24,000 strike (with 1.14 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 24,300 strike (1.02 crore contracts) and the 24,400 strike (72.68 lakh contracts).
The maximum Put writing was placed at the 24,300 strike, which saw an addition of 24.14 lakh contracts, followed by the 24,350 and 24,000 strikes, which added 23.12 lakh and 17.75 lakh contracts, respectively. The maximum Put unwinding was seen at the 24,500 strike, which shed 6.58 lakh contracts, followed by the 24,600 and 24,700 strikes, which shed 1.38 lakh and 1.11 lakh contracts, respectively.
According to the monthly options data, the 58,000 strike holds the maximum Call open interest, with 21.63 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 58,500 strike (10.1 lakh contracts) and the 57,500 strike (7.65 lakh contracts).
Maximum Call writing was observed at the 57,500 strike (with the addition of 1.48 lakh contracts), followed by the 58,500 strike (67,410 contracts) and 57,600 strike (54,690 contracts). The maximum Call unwinding was seen at the 57,000 strike, which shed 10,560 contracts, followed by the 57,300 and 56,800 strikes, which shed 3,120 and 1,020 contracts, respectively.
On the Put side, the maximum Put open interest was seen at the 58,000 strike (with 12.33 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 57,000 strike (9.5 lakh contracts) and the 57,500 strike (6.21 lakh contracts).
The maximum Put writing was placed at the 57,700 strike (which added 29,820 contracts), followed by the 58,100 strike (22,740 contracts) and 58,200 strike (20,610 contracts). The maximum Put unwinding was seen at the 58,000 strike, which shed 1.47 lakh contracts, followed by the 57,000 and 57,600 strikes, which shed 39,000 and 32,910 contracts, respectively.
The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 0.98 on August 14, compared 0.92 to previous session.
The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.
India VIX, the market’s fear gauge, extended its downtrend for the fourth consecutive session, declining 0.99 percent on Friday to 11.3, its lowest closing level since January 13, 2026. The reading pointed to subdued volatility and easing investor concerns.
A long build-up was seen in 30 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.
59 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.
86 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.
35 stocks saw short-covering, meaning a decrease in OI, along with a price increase.
Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.
Stocks retained in F&O ban: Bandhan Bank, Life Insurance Corporation of India, Manappuram Finance, SAIL
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