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Below the Quote on Market Morning Inputs 05th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Benchmark indices witnessed profit booking at higher levels. Nifty closed 19 points higher, while Sensex was up 150 points. Among sectors, the defence index fell the most by 1.70 per cent, while the auto index gained nearly 1 per cent. Technically, after a gap-up opening, the market is witnessing continued selling pressure at higher levels. On the daily chart, it has formed a bearish candle, which suggests further weakness from current levels.

We believe the short-term market outlook remains positive; however, a fresh bullish trend is possible only after crossing 24,850/81000 levels. Above this, the market may move towards 25,000/81500. On the downside, 24,650/80500 and 24,700/80700 are key support zones for day traders. If the index drops below 24,580/80300, then the uptrend may weaken. 

The strategy should be to buy Nifty between 24700 and 24680 with a final stop loss at 24580. The Nifty Bank is stuck between 54,500 and 53,500. Dismissal on either side can help the Nifty Bank enter trending mode.

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