Quote on Market Wrap 13th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 13th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices witnessed a recovery from lower levels. The Nifty ended 58 points down, while the Sensex was down by 173 points. Among sectors, the Défense index lost the most, shedding over 1 percent, whereas despite weak market sentiment, the Capital Market index outperformed, rallying 2.55 percent. Technically, after a gap-down open, the market took support near 25,150/82,000 and bounced back sharply. From the day's lowest levels, the market bounce nearly 100/400 points.
We believe that the intraday market texture is volatile and non-directional; hence, level-based trading would be the ideal strategy for day traders. On the downside, 25,150/82,000 and 25,100/81,800 would act as key support zones, while 25,350-25,400/82,500-82,800 could serve as immediate resistance areas for the bulls. However, below 25,100/81,800, the market could retest the level of 25,000/81,500.
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