Quote on Market Wrap 25th June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 25th June 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices continued their positive momentum, with the Nifty ends 200 points higher, while the Sensex was up by 700 points. Among sectors, the Media index outperformed, rallied 1.75 percent, whereas the Defense Index was the top loser, shed 2 percent. Technically, after a gap-up open, the market held its positive momentum throughout the day. A bullish candle on daily charts and an uptrend continuation formation on intraday charts indicate a further uptrend from the current levels.
For trend-following traders, now, 25000/82000 and 25100/82300 would act as key support zones. As long as the market is trading above these levels, the bullish sentiment is likely to continue. On the higher side, 25300/83000 would act as an immediate resistance zone for day traders. A successful breakout of 25300/83000 could push the market towards 25450-25500/83500-83650. However, below 25000/82000, the uptrend would become vulnerable.
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