Quote on Market Wrap 9th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 9th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the market continued its positive momentum, with the Nifty ends 96 points higher while the Sensex rose by 314 points. Among sectors, the IT Index was the top performer, rallying 2.70 percent, whereas intraday profit booking was seen in selective Realty stocks. Technically, after an early morning intraday dip, the market took support near 24,800/80900 and reversed. On daily charts, it has formed a small candle, and on intraday charts, it is holding an uptrend continuation formation.
We are of the view that currently the market is experiencing positive consolidation. For day traders, the key support zone is now 24,800-24,750/80900-80750. As long as the market trades above this, the bullish sentiment is likely to continue. On the higher side, 25,000/81500 would act as a crucial resistance zone. A successful breakout above 25,000/81500 could push the market up to 25,100-25,150/81800-82000. Conversely, below 24,750/80750, the uptrend would become vulnerable
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