Quote on Market Morning Inputs 13 June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 13 June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
On Thursday, the benchmark indices corrected sharply. The Nifty ended 253 points lower, while the Sensex was down by 823 points. Among sectors, all the major sectoral indices witnessed profit booking at higher levels, but the Capital Market index lost the most, shed over 3 percent.
Technically, the market breached the crucial support level of 25,000 / 82,000. Post-breakdown, selling pressure intensified. On daily charts, it has formed a long bearish candle, which supports further weakness from the current levels.
We are of the view that as long as the market is trading below 24,920/81800, a weak sentiment is likely to continue. On the downside, it could slip to 24,650/81000. Further declines may also continue, potentially dragging the market down to 24,550/80700. The current market texture is volatile; hence, level-based trading would be the ideal strategy for day traders.
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