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

We believe that after a promising uptrend rally, the market is currently witnessing some profit booking at higher levels. However, the short-term structure of the market remains positive. For day traders, 23,600-23500/77800-77500 would be the key support zone. Above this level, the market could retest the range of 23,850/78800 to 24,000/79200. A close above 23800/78800, would help the market in the long run. On the other hand, a call below 23,500/77800 levels may change the market sentiment as the market may gradually slip towards 23,400-23,300/77500-77200.

The strategy should be to buy between 23500/23600 levels and keep a stop loss at 23500 levels on a closing basis. Reduce weak long positions around 23800 levels.

The Bank Nifty crossed the 52,000 mark, however, it found profit booking around the same. It is advisable to buy on dips between 51000 and 50800. Keep a stop loss at 50500 for the same. It is advisable to reduce weak long positions around 52000

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