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Below the Quote on Market Wrap 03 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities 

Today, the benchmark indices witnessed a volatile session. The Nifty ends 48 points down, while the Sensex was down by 170 points. Among sectors, Capital Market and Media indices rallied nearly 1.5 percent, whereas intraday profit booking was seen in India Tourism and PSU Banks stocks. Technically, after an early morning intraday rally, the market faced resistance near 25,600/83,800 and reversed sharply. From the day's highest levels, the market corrected over 200/600 points. A bearish candle on daily charts and a lower top formation on intraday charts indicate further weakness from the current levels. However, the short-term market outlook remains positive. For day traders, 25,500/83,500 are key levels to watch. As long as the market trades below these levels, weak sentiment is likely to continue. On the downside, the market could slip to 25,300-25,250 / 83,000-82,800. On the upside, above 25,500/83,500, we could see an intraday bounce up to 25,600/83,800. A successful breakout of the 25,600/83,800 resistance zone could push the market towards 25,670/84,000.

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