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Below the Quote on Market Morning Inputs 11 June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

The benchmark indices continued to experience narrow range activity. The Nifty ended one point higher, while the Sensex dropped by 50 points. Among the sectors, the IT, Defence, and Media indices gained over 1 percent, whereas the Realty index was the biggest loser, declining by 1 percent.

Technically, the market has shown a narrow range pattern over the past two days. Key support levels for traders are 25,000 and 25,050, while the resistance zone for bulls lies at 25,150 and 25,200. We believe that as long as the market trades between 25,000 and 25,200, range-bound conditions are likely to persist.

A successful breakout above 25,200 could push the market up to 25,400 and 25,500. Conversely, if the market falls below 25,000, selling pressure is expected to increase. Should it drop below this level, the market may retest the levels of 24,850 to 24,775.

The strategy should be to take a long trade if it falls back to 24850/24800. Keep a stop loss at 24700 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. However, a close below 25000 would be negative in the short term.

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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