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Below the Quote on Market Wrap Up 01st September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities 

Today, the benchmark indices bounced back sharply, with the Nifty ends  198 points higher and the Sensex up by 555 points. Among sectors, almost all the major sectoral indices traded in positive territory, but the Capital Market and Auto indices outperformed, Capital Market 3.30 , Auto up by  2.75 percent. Technically, after a muted open, the market maintained positive momentum throughout the day. On intraday charts, it formed a reversal pattern, and on daily charts, it created a bullish candle, indicating a continuation of the pullback formation in the near future.

For traders now, as long as the market trades above 24,500/80,000, the pullback formation is likely to continue. On the higher side, it could bounce back to the 20-day SMA (Simple Moving Average) or 24,700/80,500. Further upside may also continue, potentially lifting the market up to 24,800/80,800. On the flip side, if the market falls below 24,500/80,000, traders may prefer to exit their long positions.