Weekly market wrap by Amol Athawale

September 12, 2025 admin Leave a reply Post Comment

Weekly market wrap by Amol Athawale, VP-Technical Research, Kotak Securities:

🕗 Last Update: 12 September 2025, 8.00 PM

For the week commencing on 15th September 2025

In the last week, the benchmark indices continued their positive momentum. The Nifty ends 1.51 percent higher, while the Sensex was up by 1193 points. Among sectors,  Defence index outperformed, rallied over 7 percent while consumer index shed over 1 percent. During the week, the market successfully crossed the 50-day SMA (Simple Moving Average) mark, and after the breakout, it intensified its positive momentum.

Technically, on weekly charts, it has formed a bullish candle, and on daily and intraday charts, it is holding a higher bottom formation, which supports a further uptrend from the current levels. We believe that as long as the market is trading above 25,000/81800, the bullish sentiment is likely to continue. On the higher side, 25,150–25,200/82200-82400 would act as immediate resistance zones for the bulls. A successful breakout above 25,200/82400 could push the market up toward 25,500–25,550/83300-83500.

On the flip side, below 25,000/81800, the uptrend could become vulnerable. Traders may consider exiting their long positions if the market falls below this level. For Bank Nifty, the 20-day SMA and the level of 54,300 could act as key support zones. Above these levels, the pullback move could continue toward 55,300–55,500 or the 50-day SMA. Conversely, if the index falls below 54,300, it could retest levels around 54,000–53,700.

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Weekly market wrap by Amol Athawale