Quote on Market Wrap 17th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 17th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices continued their positive momentum. The Nifty ended with a gain of 91 points, while the Sensex was up by 313 points. Among sectors, the PSU Bank Index outperformed, rallying over 2.60 percent, whereas consumer and selective Metal stocks registered intraday profit booking at higher levels.
Technically, after a promising opening, the entire day witnessed range-bound activity . However, the short-term market outlook remains positive. We believe that 25,200/82500 and 25,150/82200 are key support zones for trend-following traders. As long as the market trades above these levels, the uptrend is likely to continue. On the higher side, the index could move up to 25,400-25,500/83000-83200. Conversely, below 25,150/82200, traders may consider exiting their long positions
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