Quote on Market Wrap Up 14 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap Up 14 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices continued to face selling pressure at higher levels. The Nifty closed 68 points lower, while the Sensex was down by 247 points. Among sectors, despite weak sentiment, the Reality and Capital Market indices outperformed, both rallying over 1.35 percent. Meanwhile, the IT index was the top loser, shedding 1.14 percent.
Technically, after a muted opening, the market experienced selling pressure at higher levels. However, following a long correction, it eventually took a halt near the 25,000/82,000 mark. We believe that the market has completed one leg of correction, and the 50-day SMA (Simple Moving Average) at 25,000/82,000 is likely to act as a key support zone for traders. Above this level, a technical bounce back up to the 20-day SMA, or approximately 25,250–25,300 / 82,500–82,800, could be expected.
On the flip side, below the 50-day SMA, or 25,000/82,000, selling pressure is likely to accelerate. In that scenario, the market could see levels around 24,850–24,800 / 81,600–81,500.
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