IGI Logo

Below the Quote on Market Morning Inputs 14 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Technically, on the weekly chart, it has formed a bearish candle, and on the daily chart, it has formed a lower top. Additionally, after a long time, Nifty slipped below the 20-day SMA (Simple Moving Average) zone, indicating further weakness from the current levels. We believe that as long as the market remains below 25,350/83200, the sentiment will remain weak. Below this level, the market may slip towards the 50-day SMA or around 25,050/82000. Further downside may continue, taking the market down to 24,900-24800/81500-81200.

On the other hand, if the market trades above 25,350/83200, the sentiment may improve. If the market sustains above this level, it may move up to 25,450-25,550/83500-83800. For Bank Nifty, the 20-day SMA and 56,500 levels would act as key support zones. Below these levels, it may retest the 56,100-55,800 range. On the upside, a fresh rally is possible only after crossing the level of 57,100. If the market crosses this level, it can continue its positive momentum till 57,500–57,700–58,000.

For the day, sell around 25300/25350 with a stop loss at 25500. The weakness should increase below 25150, which may push the market to 25050 or 25000. A sharp reversal after hitting 25050 or 24950 would be positive. Buy select stocks between 25050 and 24950 with a short-term view.

Above views are of the author and not of the website kindly read disclaimer