Quote on Market Wrap 11th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 11th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices witnessed range-bound activity at higher levels. The Nifty ends 32 points higher, while the Sensex was up by 124 points. Among sectors, the Oil and Gas index outperformed, rallying over 1 percent, whereas the Capital Market index lost the most, shedding 1.60 percent. Technically, after a muted open, the entire day saw lackluster activity. On daily charts, it has formed a small candle, and on intraday charts, it is witnessing consolidation.
For day traders, the 50-day SMA (Simple Moving Average) or 24,900/81200 would act as a crucial support zone. As long as the market is trading above this level, the bullish sentiment is likely to continue. On the higher side, 25,050/81700 would be the immediate breakout zone. A successful breakout above 25,050/81700 could push the market up to 25,150–25,200/82000-82200. On the flip side, a move below 24,900/81200 would render the uptrend vulnerable.
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