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Below the Quote on Market Morning Inputs 12th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

The benchmark indices witnessed range bound activity at higher levels. Nifty closed 32 points higher, while Sensex was up 124 points. Among sectors, the oil and gas index outperformed and gained over 1 per cent, while the capital markets index fell the most by 1.60 per cent.

Technically, after a sluggish start, activity remained sluggish throughout the day. On the daily chart, it has formed a small candle, and on the intraday chart, it is seeing consolidation.

For day traders, the 50-day SMA (simple moving average) or 24,850/81000 would act as a crucial support zone. As long as the market is trading above this level, the bullish trend is likely to continue. On the upside, 25,050/81700 would be the immediate breakout zone. A successful breakout above 25,050/81700 can push the market higher towards 25,150–25,200/82000–82200. On the other hand, a move below 24,850/81000 may weaken the uptrend.

The Nifty Bank is holding above the level of 54300, which is bullish. Expect further bullishness up to 54850-55150 and weakness below 54300 levels.

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