Share Market today Analysis by Kotak Securities

Share Market today Analysis by Kotak Securities 

by Shrikant Chouhan, Head, Equity Research Kotak Securities

Share Market today Analysis by Kotak Securities

đź•— Last Update: 1 January 2026, 8.00 PM

Analysis for 2 January 2026

“Today, the benchmark indices witnessed a range-bound trading session. The Nifty ended 17 points higher, while the Sensex was down  by 32 points. Among sectors, the Auto Index was the top gainer, rallying 1 percent, whereas the FMCG index corrected sharply, shedding over 3 percent. Technically, after a sharp rally today, the market experienced narrow-range activity. It also formed a small candle on the daily charts, indicating indecisiveness between the bulls and the bears.

We believe that the short-term texture of the market is upward, but a fresh uptrend rally is only possible after the dismissal of 26,200/85500. Above this level, the market could move up to the 26,300-26,350/85800-86000 range. On the flip side, 26,000/84800 and 25,950/84700 remain crucial support zones. Below 25,950/84700, the sentiment could change. If the market falls below this level, traders may prefer to exit their long positions.”

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Share Market Analysis by Shrikant Chouhan