Inputs on Morning Market by Shrikant Chouhan, Head Equity Research, Kotak Securities

2026-03-19 10:30:23 am | Source: Kotak Securities

Inputs on Morning Market by Shrikant Chouhan, Head Equity Research, Kotak Securities

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Below the Inputs on Morning Market by Shrikant Chouhan, Head Equity Research, Kotak Securities

Benchmark indices continued their positive momentum. Nifty closed 197 points higher, while Sensex was up 633 points. Sectorally, almost all major sectoral indices saw buying interest at lower levels, but the media index outperformed, gaining over 3% today.

We believe the market has completed a portion of the pullback rally, and we may see some profit booking at higher levels. For day traders. On the downside, 23,600/76000 and 23,500/75700 will be immediate support zones, while 23,950–24,000/77000–77300 could act as important resistance areas for bulls. However, below 23,500/75700, sentiment could change. If the index falls below these levels, traders may choose to exit their long positions as the Index may fall to 23100-22950-22650/74100-73500-73000.

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Inputs on Morning Market by Shrikant Chouhan, Head Equity Research, Kotak Securities

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