Quote on Market Wrap 30th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 30th October 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices witnessed selling pressure at higher levels. The Nifty ended 176 points lower, while the Sensex was down by 593 points. Among sectors, there was buying seen in selective Oil gas and Capital Goods stocks, whereas Healthcare and Financial services stocks registered intraday profit booking at higher levels.
Technically, after a gap-down open, the entire day market witnessed selling pressure at higher levels. A bearish candle on daily charts and a double top formation on intraday charts indicate further weakness from the current levels. However, the short-term texture of the market still remains positive.
We are of the view that the market is witnessing range-bound activity; hence, level-based trading would be the ideal strategy for day traders. For day traders, as long as the market is trading below 26,000/84500, the weak sentiment is likely to continue on the downside, with the market potentially slipping to 25,800/84200. Further downside may also continue, which could drag the market to 25,720/84000.
On the flip side, above 26,000/84500, the sentiment could change. If the market moves above this level, it could rise to 26,100–26,150/84800-85000.
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