03.09.2025-Wednesday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 24653 on the opening move, it made a high 24756.10 further it moved down, made a low 24522.35 and closed on a negative note at 24579.60 with an intra loss 45.45 points, i.e., -0.18%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open a negative note near 24580-24535-24515 levels; if open, trade and sustain above 24580 then, the index may re-test 24615-24640-24685-24730-24755-24780-24820 levels. On the other hand, the immediate support lies at 24515-24485 if, the Index moves below 24550 then, it may try to re-visit 24455-24435-24405-24385-24340 levels.

Special Mention: Yesterday, Nifty Index opened on a positive note, unable to surpass 24780, made a high 24756.10, thereafter the weakness cum sell-off dragged the Index till 24522.35 and closed near 24580. Today, the Nifty index must trade, sustain and closes above 24690-24780; it may continue the pull back rally to re-test 24935-25070-25150 levels in the near term. On the other hand, the immediate support seen at 24465-24405-24340, further weakness below 24340 then, the Index may try to re-visit 24165-24115-23935 levels in the near term. Let see how the Index opens today near 24580-24535-24515 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 54038.25 on the opening move, it made a high 54160.95 thereafter it moved down, made a low 53578 and closed on a negative note at 53661 with an intra loss 341.45 points, i.e., -0.64%, today Nifty Bank Index must move and sustain above 53765-53870 levels; if to do so, then it may try to test 53990-54095-54160-54390-54550-54770 levels. On the other hand, any weakness near 53765-53870 further, it moves below 53580-53420 then, the Index may re-visit 53390-53145-52890-52640 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 80520.09 on the opening move, it made a day high 80761.14 thereafter, it moved down, made a low 80008.50 and closed on a negative note at 80157.88 with an intra loss 206.61 points, i.e., -0.26%, today Sensex must move and sustain above 80240-80290-80385 levels; if to do so, then it may try to re-test 80475-80540-80600-80675-80760-80890-80965-81015-81195 levels. On the other hand, any weakness near 80240-80290-80385 further, it moves below 80000-79800-79740 then, the Index may re-visit 79530-79390-79250-79110-78970 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 02nd Sep'25 stands at 0.94 with PUT open interest of 4126167 and CALL open interest of 4410596, when compared with previous day level of 0.74, normally the reading below 1 denotes weakness/bearish, above 1 denotes strength/bullish on the index.

FIIs/FPIs & DIIs Funds Flow on NSE, BSE and MSEI : Yesterday, FIIs/FPIs, continued as a net seller, they sold on the net basis to the tune of Rs.1159.48 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.2549.51 Cr.

For the month of Sep'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.2589.19 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.6894.44 Cr.

INDIA's Macro Data:-

On 01st Sep'25-Monday, the HSBC Manufacturing PMI data released for the month of Aug'25, it moved up to 59.30 from 59.10 i.e., Jul'25. Likewise, the HSBC Services PMI data for the month of July'25 released on 05th Aug'25-Tuesday, it moved up to 60.50 from 60.40 i.e., Jun'25.

The RBI MPC meet held on 06th Aug'25-Wednesday, the MPC has maintained the Repo rate as 5.50% from the existing rate of 5.50%, also it has maintained the CRR-Cash Reserve Ratio as 3%. 

GDP data for the Q1 ending Jun'25 released on 29th Aug'25-Friday, the GDP has moved up to 7.80% Vs.7.40% (Q4-Mar'25).

IIP data for Jul'25 released on 28th Aug'25-Thursday, the Industrial production has gone up to 3.50%; when compared to the Jun'25 level, i.e., 1.50%. 

Annual Inflation data for Jul'25 released on 12th Aug'25-Tuesday, the inflation has come down to 1.55% from Jun'25 level i.e., 2.10%.

WPI Inflation data for the month of Jul'25 released on 14th Aug'25-Thursday, it has come down further to the negative side i.e., -0.58% as against the Jun'25 level i.e.,-0.13%.

Wishing you for a safe, secured and profitable trading.

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The writing in the above daily market update should only be construed as guidance. I assert that any business or investment decisions should not be based purely on the information presented in the daily market update. As a Research Analyst, I will not be responsible for any losses incurred by a visitor/investor/client, as a result of decisions made based on any information given in the daily market update.

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