Quote on Market Morning Inputs 26th August 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 26th August 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
The benchmark indices witnessed a volatile trading session. After a volatile trade, Nifty closed 98 points higher while Sensex was up 329 points. Among sectors, the IT index outperformed with a gain of 2.40 per cent, while the Media index was the biggest loser at 1.80 per cent.
Technically, after an early intraday decline in the morning, the market found support around 24,900/81400 and bounced back sharply. However, due to profit booking at higher levels, it could not close above 25,000/81800 levels. Additionally, on the daily chart, it has formed an inside body candle, which shows indecisiveness between the bulls and the bears.
We believe the intraday market pattern is directionless; hence, level-based trading would be an ideal strategy for day traders. For the bulls, the levels of 25,000/81800 will be the immediate breakout point. A successful breakout above 25,000/81800 can push the market towards 25,150-25200/82300-82500. On the other hand, 24,900-24,850/81400-81300 will act as key support zones for the day's trading. Below 24,850/81300, the chances of reaching 24,750-24,670/81000-80800 increase significantly.
For Bank Nifty, the trend is turning weaker; however, a fresh sell-off is possible only if the support zone of 54,850 is broken. Below this, it could decline to 54,500-54,200. On the upside, it could face resistance at 55500-55650
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