Quote on Market Wrap 28th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 28th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices experienced a volatile trading session. After a roller-coaster activity, the Nifty ended 30 points lower, while the Sensex was down by 151 points. Among sectors, Metal and PSU Bank indices outperformed, rallying over 1 percent, whereas the Reality index lost the most, shedding over 1 percent.
Technically, after an early morning intraday rally, the market faced resistance near 26,000/84800 and corrected sharply. From the day's highest point, the market shed over 200/700 points. However, in the last hour of trading, it trimmed some losses.
We believe that the intraday market texture is volatile and non-directional; hence, level-based trading would be an ideal strategy for day traders. On the higher side, 26,000/84800 and 26,050/85000 would act as key resistance zones, while 25,800/84200 could be an important support area for the bulls. A successful breakout above 26,050/85000 could push the market towards 26,150–26,200/85300-85500, while below 25,800/84200, the market is likely to retest the levels of 25,700–25,600/84000-83700
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