Quote on Market Wrap 24th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Wrap 24th September 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today, the benchmark indices continued profit booking at higher levels. The Nifty ends 113 points, while the Sensex was down by 386 points. Among sectors, almost all major sectoral indices witnessed selling pressure at higher levels, but the Reality Index lost the most, shedding 2.50 percent. Technically, on intraday charts, the market is holding a lower top formation, and on daily charts, it has formed a bearish candle, which is largely negative.
We are of the view that the intraday market texture is weak, but a fresh selloff is possible only after the dismissal of the 25,000/81500 level. Below this, the market could slip to 24,900–24,810/81200-81000. On the flip side, above 25,100/82000, the pullback move could extend up to 25,200-25250/82300-82500. The intraday market texture is volatile; hence, level-based trading would be the ideal strategy for day traders.
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