Quote on Market Morning Inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities

Below the Quote on Market Morning Inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities
Heightened border tensions and weak global cues dragged down markets and the rupee. Investors are advised to stay cautious, avoid aggressive positions, and focus on fundamentally strong stocks with limited near-term exposure to geopolitical risks. Defensive sectors and quality large caps may offer better stability in the current environment,
Trump said, the US would need an “enormous” amount of time for deals with Japan and South Korea, he also added that “a lot of work” would be needed for an India pact, which is proves that Indian are really tough in terms of negotiating on deals.
If the market breaks below 24200, we may see an increase in weakness throughout the day, potentially leading to a retest of levels 23900 or 23850, which were tested nine days ago. For a bullish market, it is essential to maintain levels above 23800 on a closing basis; otherwise, the likelihood of a drop to 23500 increases significantly
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