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Below the Quote on Market Morning Inputs 24th July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Benchmark indices rallied sharply, with the Nifty closing with a gain of 159 points and the Sensex by 540 points. Across sectors, auto, healthcare and financial stocks witnessed intraday buying, while the realty index was the biggest loser, down 2.65 per cent. Technically, after a positive opening, the market maintained its positive momentum throughout the day. On the intraday charts, it is maintaining an uptrend continuation structure, and on the daily chart, a bullish candle has formed, which is positive.

For positional traders, the 50-day SMA (simple moving average) at 25,060/82,000 and 25,100/82,200 would act as key support zones. As long as the market trades above these levels, the bullish sentiment is likely to continue. On the upside, the 20-day SMA or 25,350/83,000 could act as an immediate hurdle for the upside. A successful breakout above these levels could push the market towards 25,475-25500 / 83,500-83600.

On the other hand, if the market drops below 25,100/82,200, the uptrend may weaken. Below this level, traders may prefer to exit their long positions.
For the Bank Nifty, 57250/57300 would act as a key resistance zone, while 56900 may serve as a crucial support level for the bulls. Below 56,900, it may drop to 56,600-56,650 while above 57300, it may move up to 57,500-57,700.
For today, it is advisable to buy at the 25250-25150 levels with a stop-loss at 25100. Above 25250, it has scope to move up towards 25350 and 25500 levels. A close below 25100 will be negative.

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