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Below the Quote on Market Morning Inputs 30 June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Benchmark indices witnessed an encouraging bullish trend last week. Nifty closed 2 per cent up, while Sensex gained 1650 points. Among sectors, Capital Markets and Metal indices outperformed, both gaining over 5 per cent. Despite strong market sentiment, profit booking was witnessed in Realty and Defence indices, with Realty down 1.80 per cent and Defence down nearly 1 per cent. During the week, the market successfully crossed the crucial resistance zone of 25,300/82700, and post the breakout, it further accelerated its positive momentum.

 Technically, on the weekly chart, it has formed a long bullish candle, which is largely positive. Additionally, it is maintaining an uptrend continuation pattern on the daily and intraday charts and is currently trading comfortably above the short-term averages, which is also positive. For trend-following traders, 25,500-25,300/83300-82700 can act as crucial retracement support zones. As long as the market sustains above these levels, the bullish trend is likely to continue higher, with 25,850/84400 acting as immediate resistance levels for the bulls. Further upside could potentially take the market towards 26,000-26,150/84,800-85,250.

 In the short term, the market structure looks bullish, but buying on dips and selling on ups would be the ideal strategy. However, if the market dips below 25,200/82700, the uptrend could weaken. For Bank Nifty, breakout formation on daily and weekly charts supports further upside from current levels. In the short term, 57,000–56,700–56,500 will be key support zones, while 57,700–58000–58,200 may act as crucial resistance levels for traders. For the day, the strategy should be to buy Nifty at the support of 25500/25350 with a stop loss at 25200. On the other hand, between 25700-25750, we can expect profit taking or consolidation.   

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