Quote on Market Morning Inputs 04th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 04th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Benchmark indices rallied sharply, with Nifty closing 135 points higher and Sensex 410 points higher. Among sectors, the metal index outperformed and gained 3.10 per cent, while despite strong market momentum, intraday profit booking was witnessed in select IT stocks.
Technically, after a sluggish start once again, the market took support near 24,500/80,000 and bounced back sharply. On the daily chart, it has formed a bullish candle, and on the intraday chart, it is maintaining an uptrend continuation pattern, which is largely positive.
For bullish investors, 24,750/80,700 would be the immediate resistance zone. A successful breakout above 24,750/80,700 could push the market towards 24,850–25,000/81,000–81,500. On the other hand, 24,600/80,200 and 24,500/80,000 would be the key support zones for traders. However, below 24,500/80,000, the uptrend will weaken. If the market falls below this level, traders may prefer to exit their long positions.
For Bank Nifty, above 54000 we expect a move towards 54500 or 54750. Support exist at 53850 and at 53500 levels
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