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

Benchmark indices continued to book profits at higher levels. Nifty fell 166 points, while Sensex fell 556 points. Among sectors, IT and realty indices were the biggest losers. The IT sector fell 1.28%, and the real estate index fell 1.93%. Despite the weak market sentiment, the defence index rose 0.63%.
Technically, after a weak open, the market crossed the 25,000/81,500 level, and after the breakdown, selling pressure increased. On the daily chart, a bearish candle has formed and on the intraday chart, it is in a lower top formation, which is largely negative.
We believe that as long as the market trades below 25,000/81,500, the weak sentiment is likely to persist. On the downside, if the market falls below the 50-day SMA (Simple Moving Average) at 24,800/81,000, it could drop to 24,700/80,500. On the other hand, if the market survives above 24800/81,000, the sentiment could improve. In such a case, the pullback move could extend to 25,000-25,050 /81,600-81800.
It's a corrective pattern and traders should be ready to take a contra view on the market around 24900-24850, with a tight stop-loss below 24800.

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