Quote on Market Wrap 17th December 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 17th December 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices experienced selling pressure at higher levels. The Nifty ended 42 points lower, while the Sensex declined by 120 points. Among sectors, the Nifty PSU Bank index rallied 1.20 percent, whereas the Media index shed 1.80 percent.
Technically, after a muted open , the market faced resistance near 25,920/84900 and reversed sharply. On daily charts, it has formed a bearish candle, and on intraday charts, it is maintaining a lower top formation, which is largely negative.
We are of the view that the intraday market sentiment is weak, but a fresh selloff is possible only if the level of 25,775/84300 is broken below. If that happens, the market could retest the levels of 25,700-25,650/84000-83800. On the flip side, if the market moves above 25,920/84900, the sentiment could improve. Above this level, the market could rise to 26,000-26,050/85200-85400.
Currently, the intraday market texture is non-directional; therefore, level-based trading would be the ideal strategy for day traders.
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