Quote on Market Morning Inputs 26th June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Below the Quote on Market Morning Inputs 26th June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Benchmark indices continued their positive momentum, with Nifty closing 200 points higher, while Sensex was up 700 points. Among sectors, the media index outperformed, gaining 1.75 per cent, while the defence index was the biggest loser, declining 2 per cent.
Technically, after a gap-up open, the market maintained its positive momentum throughout the day. A bullish candle on the daily chart and an uptrend continuation formation on the intraday chart indicate further upside from current levels. For trend-following traders, now, 25000/82000 and 25100/82300 would act as key support zones. As long as the market is trading above these levels, the bullish sentiment is likely to continue. On the higher side, 25320/83000 would act as an immediate resistance zone for day traders. Successful breakout of 25320/83000 can push the market towards 25450-25500/83500-83650. However, below 25100/82000, the uptrend may weaken.
For Bank Nifty, it would remain within a narrow trading range of 56800 and 56400 levels.
The strategy should be to buy if Nifty crosses 25320 with a stop loss at 25100. On the other hand, if Nifty breaks 25100, sell with a stop loss at 25200 levels.
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Daily Key Price Levels Report - 26th June 2025 by Kotak Securities Ltd


