Quote on Market Wrap 15th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 15th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices bounced back sharply. The Nifty ended 178 points higher, while the Sensex was up by 540 points. Among sectors, the Reality index was the top gainer, rallying over 3 percent, whereas despite strong intraday momentum, profit booking was seen in Media and Pharma stocks. Technically, after a gap-up open, the market maintained positive momentum throughout the day. On daily charts, it has formed a bullish candle and is also holding an uptrend continuation pattern, which is largely positive.
We believe that 25,200/82300 would act as a key support zone for day traders. As long as the market trades above this level, the positive sentiment is likely to continue. On the higher side, it could move up to 25,500-25,550/83200-83400. On the flip side, a move below 25,200/82300 would make the uptrend vulnerable. Below this level, traders may prefer to exit their long positions
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