Quote on Market Morning Inputs 10 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 10 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Technically, a small bearish candle on the daily chart and non-directional activity on the intraday chart indicate indecision between the bulls and bears. We believe the current market structure is non-directional; perhaps traders are waiting for a breakout on either side. For the bulls, the breakout zones for day traders are 25,550/83,800. Above these levels, the market could rise to 25,650-25,725/84,000-84,400. On the other hand, a breakout of 25,400/83,350 could increase the selling pressure. Below these levels, the market may retest the levels of 25,300/83,000. The decline may continue further, possibly taking the market to 25,200-25,175/83,000-82,900.
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 25650 or 25725. A close below 25370 would be negative.
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