Quote on Market Wrap 27th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 27th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices bounced back sharply, with the Nifty ends 171 points higher while the Sensex was up by 567 points. Among sectors, PSU Banks index outperformed, rallied 2.76 percent, whereas despite strong market sentiment, intraday profit booking was seen in Défense and Media stocks.
Technically, the week opening was positive; after a gap-up open, the market maintained its positive momentum throughout the day. A bullish candle on daily charts and a reversal formation on intraday charts indicate a further uptrend from the current levels.
For day traders, 25,900/84500 would act as an immediate support zone. As long as the market trades above this level, the bullish sentiment is likely to continue. On the higher side, it could retest the levels of 26,100-26,150/85000-85300. On the flip side, below 24,900/84500, we could see a quick intraday correction down to 25,800-25,750/84200-84000.
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