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Below the Quote on Market Wrap 27th January 2026 by Shrikant Chouhan, Kotak Securities

Today, the benchmark indices witnessed a volatile trading session. After a roller-coaster activity, the Nifty ended 127 points higher, while the Sensex was up by 320 points. Among sectors, the Metal Index was the top gainer, rallying 3.35 percent, whereas the Media Index lost the most, shedding over 1 percent. Technically, after an early morning intraday dip, the market took support near 24,900/81000 and bounced back sharply. From the day's lowest level, the market rallied over 300/950 points. On daily charts, the index has formed a long bullish candle, and on intraday charts, it formed a promising reversal pattern, which is largely positive.

We are of the view  that 25,000/81,400 and 24,900/81,000 would act as key support zones. As long as the market trades above these levels, a pullback formation is likely to continue. On the higher side, 25,200/81,800 would be the immediate resistance zone for the bulls. A successful breakout of 25,200/81,800 could push the market up to 25,300-25,350/82,200-82,400.

On the flip side, below 24,900/81,000, sentiment could change. If the market falls below this level, traders may prefer to exit their long positions.

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