Quote on Market Wrap Up 08 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap Up 08 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices witnessed positive momentum. The Nifty closed 61 points higher, while the Sensex was up by 270 points. Among sectors, the Reality Index was the top gainer, rallying over 1 percent, whereas the Consumer Index lost the most, shedding over 2.30 percent.
Technically, on the daily and intraday charts market has formed reversal formation which supports further uptrend from the current levels. For the bulls, key levels to watch are 25,500/83,500. Above these levels, the market could continue its positive momentum toward 25,650–25,700 / 84,000–84,200.
On the downside, if the market falls below 25,400/83,300, sentiment could shift. A decline below these levels might retest 25,300/83,000. Further weakness could persist, potentially dragging the market down to 25,200–25,175 / 82,700–82,600.
Above views are of the author and not of the website kindly read disclaimer
