Quote on Market Wrap 29th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 29th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices maintained their positive momentum. The Nifty closed higher by 118 points, while the Sensex was up by 369 points. Among sectors, the Oil and Gas index outperformed, rallying over 2.25 percent, whereas the Capital Market index experienced the most decline, shedding over 1.79 percent.
Technically, after a positive open, the market continued its upward momentum on daily charts, forming a bullish candle. On intraday charts, it is holding a higher bottom formation, which is largely positive.
For day traders, 26,000/84800 would act as a key support level. Above this, the market could continue its positive momentum towards 26,150-26,250/85300-85500. On the flip side, below 26,000/84800, we could see a quick intraday dip up to 25,900/84500. Further downside may also continue, potentially dragging the market down to 25,820/84200.
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