IGI Logo

Below the Quote on Market Morning Inputs 09 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities 

Benchmark indices witnessed positive momentum. Nifty closed 61 points higher, while Sensex was up 270 points. Among sectors, the Realty index was the top gainer, gaining over 1 per cent, while the Consumer index was the top loser, losing over 2.30 per cent.

Technically, the market has formed a reversal pattern on both the daily and intraday charts, which supports further upside from the current levels. For the bulls, the key levels to watch are 25,550 and 83,500. Above these levels, the market could continue its positive momentum towards 25,670–25,800/84,000–84,400. On the downside, if the market breaks below 25,400/83,300, the sentiment could change. A decline below these levels could retest 25,300/83,000. Weakness may continue further if it trades below 25300, which may possibly drag the market towards 25,200–25,175 / 82,700–82,600.

For Bank Nifty, the 20-day SMA (Simple Moving Average) at 56,500 is a crucial level to watch out for. Below this, Bank Nifty could drop to 56,200-56,000. On the other hand, above 57,200, the outlook for reaching 57,500-57,800 remains bright.

For the day, above 25550, create a long position with a stop loss at 25400.  The momentum should increase above 25600, which may pull the market to 25670 or 25800.  A close below 25370 would be negative.

Above views are of the author and not of the website kindly read disclaimer