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Below the Quote on Weekly Market Wrap 19th September 2025 by Amol Athawale, VP-Technical Research, Kotak Securities

In the last week, the benchmark indices gained 0.95 percent, while the Sensex was up by 720 points. Among sectors, PSU Bank and Reality indices outperformed. PSU Bank rallied around 5%, and Reality gained 4.5%, whereas some profit booking was seen in FMCG and Consumer stocks. During the week, the market continued its positive momentum. However, on last Friday, it witnessed profit booking at higher levels. Technically, on weekly charts, the market has formed a bullish candle, and on daily charts, it is holding an uptrend continuation formation, which is largely positive.

We are of the view that the short-term market outlook remains bullish, but due to temporary overbought conditions, range-bound activity may occur in the near future. Hence, buying on dips and selling on rallies would be the ideal strategy for traders.

For traders, the key support zones are around 25,200/82300 and 25,150-25,100/82100-81900, while resistance levels are at 25,450-25,500/83200-83400 and 25,600/83700. Below 25,100/81900, the uptrend could become vulnerable.

For Bank Nifty, as long as it remains below 55,700, a weak sentiment is likely to continue. On the downside, it could retest levels of 55, 200,-55000 conversely, if it crosses above 55,700, it could move up to 56,000-56,300.