Nifty ended 225 points higher, while the Sensex was up by 716 points.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities:
Mumbai, October 1, 2025: Today, the benchmark indices witnessed a sharp bounce back from the lower levels. The Nifty ended 225 points higher, while the Sensex was up by 716 points. Among sectors, except the PSU Bank index, all the major sectoral indices traded in positive territory, with the Media Index outperforming today, rallying 3.45 percent. Technically, after a muted open, the market not only held the positive momentum but also successfully cleared the short-term resistance zone of 24,800/80,800. On daily charts, it has formed a long bullish candle and also a reversal formation, which supports a further uptrend from the current levels.
We are of the view that 24,800/80,800 and 24,700/80,500 are key support zones for day traders. As long as the market trades above these levels, a pullback formation is likely to continue. On the higher side, it could move up to 24,950–25,000/81,300–81,500. Further upside may also continue, potentially lifting the market up to 25,075/81,700. However, below 24,700/80,500, market sentiment could change. Below these levels, traders may prefer to exit their long positions.
