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Below the Quote on Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities

The benchmark indices witnessed profit booking at higher levels. The Nifty ends 74 points lower, while the Sensex was down by 271 points. Among sectors, the Reality index outperformed, rallying over 2 percent, whereas the Digital index lost the most,  shed nearly 1.5 percent. Technically, after a muted open once again, the market witnessed selling pressure at higher levels. On daily charts, it has formed a small bearish candle, which indicates temporary weakness. However, the short-term texture of the market is still positive.

For day traders, now 25,000/82200 would act as a trend decider level. Below this, we could see an intraday correction down to 24,850-24,800/81700-81500. On the other hand, a breach of 25,000/82200 could change the sentiment. Above this, the market could rally up to 25,100-25,150/82500-82700

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