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Below the Quote on Market Morning Inputs 10 June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

The benchmark indices experienced range-bound activity during the session. The Nifty ended 100 points higher, while the Sensex increased by 256 points. Among the sectors, the Capital Market index was the top performer, gaining over 2.35%, while selective profit booking was seen in certain Defence and Realty stocks.

Technically, after a gap-up opening, the market traded within a narrow range for the entire day. Daily charts show that the index formed a small candle, indicating indecisiveness between buyers and sellers.

We believe that 25,000/82000 would serve as a significant support zone for trend-following traders. As long as the market remains above this level, the uptrend is likely to continue. On the upside, the index could move up to the range of 25,400 to 25,500/83200-83500. Conversely, falling below 25,000/82000 would send the market towards 24900 or 24850 levels.

The strategy should be to take a long trade if it falls back to 24850. Keep a stop loss at 2700 for the same.  On the higher side, expect short covering above 25200, however, in that case we need to keep a stop loss at 25000 for the same.  Resistance exists at 25400 and at 25500 levels.      

For Bank Nifty, it may consolidate before heading towards 58000. Buying is advisable around 56200-56100 with a stop at 55900

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