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Below the Quote on Market Wrap 4th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed profit booking at higher levels. The Nifty ends 19 points higher, while the Sensex was up by 150 points. Among sectors, the Defense index lost the most, shed over 1.70 percent, whereas the Auto index gained nearly 1 percent. Technically, after a gap-up opening, the market has been consistently witnessing selling pressure at higher levels. On daily charts, it has formed a bearish candle, which indicates further weakness from the current levels. We are of the view  that the short-term market outlook remains positive; however, a fresh uptrend rally is possible only after crossing the 24,850/81000 level. Above this, the market could move up to 25,000/81500. Further upside may also continue, potentially lifting the index up to 25,100/81800. On the downside, 24,650/80500 and 24,600/80300 are key support zones for day traders. If the index falls below 24,600/80300, the uptrend could become vulnerable.

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