Crucial support for Nifty at 9600; 4 stocks to buy today: Prakash Gaba

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26 Aug, 2025 12:21

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The Nifty opened at 9,670.35 and closed virtually at the same  level at 9,665.80, thus forming a 'Doji' pattern on Friday. It rose to a high of 9,684.25 which made a long upper shadow and fell to an intraday low of 9,642.65 which made a small lower shadow.

The Nifty closed 8.75 points lower or 0.09 percent at 9,665.80. According to Pivot charts, the key support level for Nifty is placed at 9,644.22, followed by 9,622.63. If the index starts to move higher then key resistance levels to watch out are 9,685.82, followed by 9,705.83.

Nifty Bank closed 17.5 points lower or 0.07 percent at 23,449.15 on Friday. Important Pivot level which will act as crucial support for the index is placed at 23,402.33 followed by 23,355.47. On the upside, the key resistance level is 23,494.33 followed by 23,539.47.

According to Technical Analyst Prakash Gaba of prakashgaba.com, technically the trend is still up and and strong support exists at 9600. Resistance is at 9720 and sideways movement is not ruled out. The Nifty traded sideways and held on and closed flat on Friday. Technically the trend is still up. The crucial support for the Nifty is at 9600 and the resistance is at 9720. On the other hand, Bank Nifty has support at 23350 and resistance at 23650.

Container Corporation of India: Indicator Buy | Rating: Buy | Target: Rs 1200, stop loss: Rs 1170

Kotak Mahindra Bank: Breakout | Rating: Buy | Target: Rs 978, stop loss: Rs 960

Torrent Pharma: Bbreakout | Rating: Buy | Target: Rs 1325, stop loss: Rs 1285

Zee Entertainment: Breakout | Rating: Buy | Target: Rs 515, stop loss: Rs 504

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.