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Below the Quote on Market Morning Inputs 15th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Last week, the benchmark indices continued their positive momentum. Nifty closed 1.51 per cent higher, while Sensex was up 1193 points. Among sectors, the defence index outperformed, gaining over 7 per cent, while the consumer index dropped over 1 per cent. During the week, the market successfully broke the 50-day SMA (simple moving average) level, and post the breakout, it further accelerated its positive momentum.

Technically, on the weekly chart, it has formed a bullish candle, and on the daily and intraday charts, it is maintaining a higher low, which supports further upside from the current levels. We believe the bullish trend is likely to continue as long as the market is trading above 25,850/81400. On the upside, 25,150–25,200/82200-82400 would act as immediate resistance zones for the upside. A successful breakout above 25,200/82400 could push the market higher towards 25,500–25,550/83300–83500.

On the other hand, below 24850/81400, the uptrend could weaken. If the market declines below this level, traders could consider exiting their long positions. The strategy should be to buy at 25000 and at 24900 with a final stop loss at 24850. Resistance exists at 25150 and 25250. 

For Bank Nifty, the 20-day SMA and 54,300 levels could act as key support zones. Above these levels, the pullback could continue towards 55,300–55,500 or the 50-day SMA. Conversely, if the index declines below 54,300, it could retest levels around 54,000–53,700.

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