Raja Venkatraman recommends three stocks for 14 August | Stock Market News

Stock market recap: Indian equities rangebound for the fourth consecutive session on Thursday, 13 August, as uncertainty over a potential US-Iran deal and the reopening of the Strait of Hormuz continued to keep investors cautious even as crude oil prices declined amid the prospects of weak ‌global demand this year.

The Sensex ended 114 points, or 0.15%, higher at 78,079.96, while the Nifty ended at 24,395.85, down 40 points, or 0.16%. The Nifty Midcap 100 index rose by 0.15%, while the Smallcap 100 index inched up by 0.27%.

Oil price benchmark Brent crude declined 2% to trade near $87 per barrel amid speculations that oil demand may remain weak this year due to slowing global economic growth.

The Indian rupee, meanwhile, slipped 11 paise to close at 95.44 per dollar compared to its previous close of 95.33.

CONCOR [current market prce ₹533.65 - Buy above ₹535; stop loss ₹503; target price ₹590 (Multiday)]

Indian equities closed largely flat on Thursday, August 13, 2026, as global optimism from easing U.S. rate-hike concerns was offset by stalled Middle East peace efforts and persistently high crude prices. Brent crude hovered near $88 per barrel, weighing on sentiment amid worries over India’s fiscal and current account balances. The Nifty 50 slipped 0.16% to 24,395.85, while the Sensex edged up 0.15% to 78,079.96, after a volatile session driven by weekly derivatives expiry.

Financials and banks fell 0.4% each on concerns that the Reserve Bank of India’s draft loan-pricing rules could pressure margins. Tata Group shares steadied following Wednesday’s sharp decline linked to leadership uncertainty, while Tata Motors surged 3.9% on strong earnings and firm demand outlook. Broader indices outperformed, with small-caps rising 0.3% and mid-caps up 0.2%. Overall, ten of sixteen sectors declined, reflecting cautious investor positioning despite supportive global cues.

Moving to the charts we note that the trends have been largely oriented towards trading rather than investing. Hence , from a trading perspective we can note that on the hourly charts the gap area highlighted combining with the 61.8% Fibonacci support trendline has helped the prices since start of the last week to stage a move above the cloud region on Friday. The trend that is emerging clearly suggests that a rally could be in progress as the markets are still trying to find their way after an extended run in last two months. With the scenario on war remaining sketchy we need to tread the water carefully. At the moment the wat

Momentums on hourly charts are indicating that the prices have now settled down and there seems to be a withdrawal of selling pressure. With the gradual and hesitant rise emerging from supports on Friday we can expect the rise to continue.

For undertaking shorts, we need to see Nifty move below 24100 for a bearishness to emerge once again . As per the Open Interest data 24400 where we see the next set of supports emerging. If we witness a 30-minute range breakout on Friday we can consider to trade on either side as the trends still remain tentative where we expect some resistances to kick in.

As ranging market is in play, we need to be quick in profit taking as we the trend does not have sufficient steam to move strongly in either direction.

The readings from the Option Data suggests that PCR has moved to 0.961, highlighting that the trends are at an important stage with some Put writing at 24000 levels continues to defend the lower levels fighting the sell off at every rise.

At this juncture we have to pay attention to multiple news triggers, the combination of global tariff threats, cautious investor sentiment, and domestic economic challenges contributed to the sharp market decline and volatility in the rupee.

From the charts above we can see that the strong support zones have been defined in the last article around the 20 period EMA and the Fibonacci 38.2% Support of the last rise played out quite well and could lead to a positive close this expiry for the month of August. As seen on the charts 24300 would continue to attract as support and the hammer formed at the supprot level could act in favour of the bullish camp. However , the RSI seems restrained and this could result in some delay in the trends picking up some steam. With lot of shorts in the system in the wake of the recent decline the possibility of range bound action cannot be ruled out between 24300 and 24800 leading us to play a wide range.

Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.

Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

Raja Venkatraman is the co-founder of NeoTrader, where he heads the training division. He conducts both offline and live market workshops, seminars, and webinars. He has been working under the guidance of Dr C K Narayan, his mentor and founder of Growth Avenues, for more than 20 years. He is an active trader in multiple asset classes, and actively shares his views on YouTube, blogs at NeoTrader, and on reputed news channels and websites. His Sebi-registered research analyst registration no. is INH000016223.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.