Quote on Market Wrap 08th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 08th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices witnessed profit booking at higher levels. The Nifty ended 62 points lower, while the Sensex was down by 153 points. Among sectors, Reality and Media indices lost the most, shedding over 1 percent, while despite weak market sentiment, the IT Index outperformed, rallying 1.50 percent. Technically, after an early morning intraday rally, the market registered selling pressure at higher levels. A reversal formation on daily charts indicates temporary weakness.
We believe that as long as the market is trading below 25,150/82000, the weak sentiment is likely to continue on the downside, with potential slips to 25,000-24,950/81500-81300. Further downside may also persist, which could drag the market down to 24,850/81000. On the other hand, if the market moves above 25,150/82000, it could rise to 25,250-25,300/82300-82500.
The intraday market texture is non-directional and volatile; hence, level-based trading would be an ideal strategy for day traders.
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