Quote on Market Wrap 13th November 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 13th November 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices witnessed profit booking at higher levels. The Nifty ends 3 points higher, while the Sensex was up by 12 points. Among sectors, the Infra index was up by 0.50 percent, whereas the Défense and Digital index lost the most, shed nearly 1 percent. Technically, after a promising uptrend rally, the market witnessed some profit booking at higher levels. However, the short-term outlook remains positive.
For traders, the 20-day SMA (Simple Moving Average) at 25,750/84200 would act as a crucial support zone. As long as the market is trading above this level, the bullish momentum is likely to continue. On the higher side, 26,000/85000 would act as an immediate resistance zone for the bulls. A successful breakout above 26,000/85000 could push the market up to 26,100/85300.
On the flip side, if the market falls below the 20-day SMA at 25,750/84200, it is likely to retest the levels of 25,650-25,600/84000-83700.
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Quote on Evening Markets 13th November 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
