Quote on Market Wrap 18th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 18th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
The market rally continues, with the Nifty ending 93 points higher, while the Sensex was up by 320 points. Among sectors, Pharma and Healthcare indices gained over 1 percent, whereas intraday profit booking was seen in selective Defence stocks. Technically, after a gap-up open, the market witnessed some selling pressure at higher levels. However, the short-term outlook remains positive.
For day traders, the higher bottom support is placed near 25,300/82700. We are of the view that as long as the market trades above this level, the bullish sentiment is likely to continue. On the higher side, 25,500/83300 would act as an immediate resistance zone for the bulls. A successful breakout above 25,500/83300 could push the market up to 25,600–25,625/83500-83600.
On the flip side, if the market falls below 25,300/82700, the uptrend would become vulnerable. Below this level, traders may prefer to exit their long positions.
Above views are of the author and not of the website kindly read disclaimer
