Quote on Market Wrap 06th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 06th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices continued their positive momentum. The Nifty ended 183 points higher, while the Sensex was up by 583 points. Among sectors, the IT index gained the most, rallying over 2 percent, whereas profit booking was seen in the Metal index, which shed nearly 1 percent. Technically, after a muted open, the market held the positive momentum throughout the day. A bullish candle on daily charts and an uptrend continuation formation on intraday charts indicate a further uptrend from the current levels.
We believe that the current market texture is bullish, but buying on intraday dips and selling on rallies would be the ideal strategy for day traders. On the downside, 25000–24,950/81500-81300 would act as crucial support zones, while 25,150/82000 and 25,200/82200 could be immediate resistance levels for the bulls. However, below 24,950/81300, the uptrend would become vulnerable
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