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Below the Quote on Market Wrap 10th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the market continued its positive momentum. The Nifty ends 105 points higher, while the Sensex was up by 324 points. Among sectors, IT, Defense, and PSU Bank indices rallied over 2 percent, whereas the Auto index lost the most, shedding over 1.30 percent. Technically, the market opened with a gap up, but once again, it witnessed selling pressure at higher levels. However, the short-term outlook of the market remains positive. Additionally, after a long time, Nifty succeeded in closing above the 50-day SMA (Simple Moving Average), which is largely a positive sign.

We are of the view that the 50-day SMA/24920/81200 and the 24,800/81000 level will act as key support zones for traders. As long as the market trades above these levels, the bullish sentiment is likely to continue. On the higher side, the index could move up to 25,100–25,200/81700-82000. On the flip side, if the market falls below 24,800/81000, traders may consider exiting their long positions.

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