Quote on Market Wrap 14th January 2026 by Shrikant Chouhan, Kotak Securities
Below the Quote on Market Wrap 14th January 2026 by Shrikant Chouhan, Kotak Securities
Today, the benchmark indices witnessed range-bound activity. The Nifty ended 67 points lower, while the Sensex was down by 245 points. Among sectors, Metal and PSU Bank indices rallied over 2 percent, whereas the IT index lost the most, shedding over 1 percent. Technically, after a muted open, the market registered narrow-range activity. On the lower side, it found support near 25,600/83200, while intraday profit booking was seen near 25,800/83800.
We are of the view that the intraday market texture is non-directional; perhaps traders are waiting for either side to breakout. On the higher side, above 25,800/83800, the market could move up to 25,880-25,900/84000-84200. On the flip side, below 25,600/83200, selling pressure is likely to accelerate. If it falls below this level, it could retest the levels of 25,500-25,450/83000-82800.
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