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Below the Quote on Market Wrap 07th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed a volatile trading session. After a roller-coaster activity, the Nifty ended 31 points higher, while the Sensex was up by 137 points. Among sectors, the Reality index outperformed, rallying 1.10 percent, whereas intraday profit booking was seen in selective  Defense and FMCG stocks.

Technically, after an early morning intraday rally, the market consistently experienced profit booking near the 25,200/82300 resistance zone. However, the short-term outlook of the market remains positive. We believe that the 20-day SMA (Simple Moving Average) and the 25,000–24,950/81700-81500 zones will act as key support levels for traders. As long as the market remains above these levels, the bullish sentiment is likely to continue. On the flip side, 25,200/82300 and 25,275/82500 would serve as key resistance levels for the bulls. For day traders, buying on intraday dips and selling on rallies would be the ideal strategy. However, below 24,950/81500, the uptrend could become vulnerable.