Quote on Market Morning Inputs 25th June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Below the Quote on Market Morning Inputs 25th June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Benchmark indices witnessed a volatile trading session on Tuesday . Nifty closed 72 points higher after a volatile trading session, while Sensex was up 158 points. Among sectors, PSU Bank index recorded the highest gain of 1.40 percent, while Defense index recorded the highest loss of 2.35 percent.
Technically, in the backdrop of strong global sentiment, our market opened with a gap up, but once again, it registered selling pressure at higher levels. From the day's high, the market declined by more than 300/1000 points. It also formed a bearish candle on the daily chart, which indicates further weakness if it breaks the 25000 level. However, crossing the 25320 level will be purely positive. We believe 25,000/82000 will act as a key support zone for day traders. Above this level, we can expect a technical bounce towards 25,200–25,300/82500–83000. On the other hand, if the market moves below 25,000/82000, the correction could extend towards 24,850–24,800/81600–81500.
For Bank Nifty, a support is placed at 56,100. Above this, it can bounce back towards 56850-57100. Conversely, if it slips below 56100, it can decline towards 55700-55500 levels.
The strategy should be to buy if Nifty crosses 25320 with a stop loss at 25100. On the other hand, if Nifty breaks 25000, sell with a stop loss at 25100 levels.
Above views are of the author and not of the website kindly read disclaimer










Tag News

F & O Rollover Report 25th June 2025 by Axis Securities


