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

The benchmark indices recovered from lower levels. The Nifty closed 58 points lower, while the Sensex declined by 173 points. Among sectors, the Défense index saw the largest decline, dropping over 1 percent, whereas, despite weak market sentiment, the Capital Market index outperformed, rising 2.55 percent.

Technically, after a gap-down open, the market found support near 25,150/82,000 and rebounded sharply. From the day's lows, the market recovered nearly 100/400 points.

We believe that the intraday market trend is volatile and lacks clear direction; therefore, level-based trading would be the best approach for day traders. On the downside, 25,150/82,000 and 25,100/81,800 are key support levels, while 25,350-25,400/82,500-82,800 could serve as immediate resistance zones for the bulls. However, below 25,150/81,800, the market might retest levels of 25,000-24950/81,500-81300.  Failing to surpass 25,330/82655 would be negative for the market

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