IGI Logo

Below the Quote on Market Wrap 22nd September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

The benchmark indices continued profit booking at higher levels, with the Nifty ending 125  points lower while the Sensex was down by  466 points. Among sectors, the IT index was the top loser, shedding nearly 3 percent, whereas intraday buying was seen in selective energy and digital stocks. Technically, after a gap-down open, the market witnessed intraday recovery, but due to consistent profit booking at higher levels in the second half, it corrected sharply. A lower top on intraday charts and a bearish candle on daily charts indicate further weakness from the current levels.

We are of the view  that, as long as market is trading above 25300/82500 the weak sentiment is likely to continue. On the down side, it could slip till 25100-25050/82000-81700. On the flip side, 25,300/82500 would act as a crucial resistance zone for day traders. If the market manages to trade above this level, it could move up to 25,400–25,425/82800-83000.

The current market texture is volatile; hence, level-based trading would be the ideal strategy for day traders.