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Below the Quote on Market Morning Inputs 1st July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Benchmark indices witnessed profit booking at higher levels. Nifty closed 121 points down, while Sensex was down 452 points. Among sectors, PSU Bank index outperformed, gaining 2.6 per cent, while banking and financial stocks witnessed intraday profit booking.

Technically, after a quiet opening, the market witnessed consistent profit booking at higher levels. A bearish candle on the daily chart indicates temporary weakness. We believe 25,450/83500 would act as a crucial level. Below 25,450/83500, we may see a further correction towards 25,375-25,300/83200-83000. On the other hand, a sustained move above 25,450/83500 may take the market to 25,600/83900. The uptrend may continue further, potentially taking the market towards 25,670/84,100.

For Bank Nifty, expect a range bound activity between 57100 and 57600.  On the dismissal of 57100, it can again retest the level of 56800 levels.  Above 57700, expect further bullishness.

For the day, the strategy should be to buy Nifty at the support of 25400/25350 with a stop loss at 25200. On the other hand, between 25650-25750, we can expect profit taking or consolidation.