Quote on Market Wrap 09th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 09th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices bounced back sharply. The Nifty ended 112 points higher, while the Sensex was up by 334 points. Among sectors, almost all the major sectoral indices traded in positive territory, but the Metal and Capital Market indices outperformed, both rallied over 2 percent.
Technically, after a muted open once again, the market took support near 25,000/81700 and bounced back sharply. A bullish candle on daily charts and a reversal formation on intraday charts indicate a further uptrend from the current levels. We are of the view that as long as the market is trading above 25,000/81700, the uptrend is likely to continue. For the bulls, 25,200/82200 and 25,250/82300 would be the immediate resistance zones. A successful breakout above 25,250/82300 could push the market towards 25,400-25500/83000-83200. On the other hand, below 25,000/81700, the uptrend would become vulnerable.
Above views are of the author and not of the website kindly read disclaimer
