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Below the Quote on Market Morning Inputs 22nd September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Last week, benchmark indices rose 0.95 per cent, with the Sensex gaining 720 points. Among sectors, PSU Bank and Realty indices outperformed. PSU Bank rose nearly 5% and Realty gained 4.5%, while FMCG and consumer stocks saw some profit-booking.

The market continued its positive momentum during the week. However, last Friday, profit-booking was seen at higher levels. Technically, on the weekly chart, the market formed a bullish candle, and on the daily chart, it is maintaining an uptrend continuation, which is largely positive.

We believe the short-term market outlook remains bullish, but due to temporarily overbought conditions, range-bound movements are likely in the near term. Therefore, buying on dips and selling on gains would be the ideal strategy for traders. Buy select stocks between 25200/25100 levels.

For traders, the key support zone is at 25,300/82500 and 25,275-/82400, while resistance levels are lined up at 25,450-25,500/83000-83200. Below 25,275/82400, the uptrend may weaken and may retest the levels of 25150-25050/82100-81800

For Bank Nifty, weak sentiment is likely to persist as long as it remains below 55,700. On the downside, it could retest the 55,200-55000 levels. Conversely, if it crosses 55,700, it could move towards 56,000-56,300.

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