Quote on Market Morning Inputs 10th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 10th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
The market continued to rally on Tuesday with Nifty closing with a gain of 96 points and Sensex by 314 points. Among sectors, the IT index was the best performer, gaining 2.70 per cent, while select realty stocks witnessed intraday profit booking.
Technically, after the morning intraday decline, the market found support around 24,800/80900 and then reversed. On the daily chart, it has formed a small candle, indicating a balance between buyers and sellers. It is maintaining an uptrend continuation.
We believe the market is currently experiencing positive consolidation. For day traders, the main support zone is around 24,800/80900. As long as the market continues to trade above these levels, the bullish trend is likely to continue. On the upside, 24900/81200 would act as a crucial resistance zone. A successful breakout above 25,000/81500 could take the market to 25,100-25,150/81800-82000. Conversely, below 24,800/80900, the uptrend will weaken.
The strategy should be to buy Nifty if it crosses 24900 or sell below 24800 with a final stop loss at 24800 and 24900 respectively.
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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