Quote on Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities
Below the Quote on Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities
Today, the benchmark indices witnessed range-bound activity. The Nifty ended 100 points higher, while the Sensex was up by 256 points. Among sectors, the Capital Market index was the top gainer, rallying over 2.35 percent, whereas intraday profit booking was seen in selective Defense and Reality stocks. Technically, after a gap-up open, the entire day saw range-bound activity. On daily charts, the index has formed a small candle, suggesting indecisiveness between the bulls and the bears.
We are of the view that 25,000/82000 would act as a sacrosanct support zone for trend-following traders. As long as the market is trading above this level, the uptrend is likely to continue. On the higher side, it could move up to 25,350-25,400/82800-83000. On the flip side, falling below 25,000/82000 would render the uptrend vulnerable
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Quote on Market Morning Inputs 09 June 2025 by Shrikant Chouhan, Head Equity Research, Kotak...
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