Quote on Market Morning Inputs 18th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 18th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Benchmark indices continued their positive momentum. Nifty closed with a gain of 91 points, while Sensex closed with a gain of 313 points. Among sectors, the PSU Bank index outperformed, gaining over 2.60 percent, while consumer and select metal stocks witnessed intraday profit booking at higher levels.
Technically, after a promising start, range-bound movement was observed throughout the day. However, the short-term market outlook remains positive. We believe 25,275/82700 and 25,200/82500 are key support areas for trend-following traders. As long as the market trades above these levels, the uptrend is likely to continue. On the upside, the index could move towards 25,400-25,500/83000-83200. Conversely, below 25,100/82000, traders can consider exiting their long positions.
For day traders, the recommended strategy is to buy on intraday dips around 25275 and at 25200 with a stop loss at 25100.
For the Nifty Bank, buying is advisable between 55200 and 55100 and keep a stop loss at 54900. On the higher side, resistance exists at 55750 and 56000.
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