04.09.2025-Thursday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 24616.50 on the opening move, it made a low 24533.20 further it moved up, made a high 24737.05 and closed on a positive note at 24715.05 with an intra gain 135.45 points, i.e., 0.55%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open a positive note near 24780-24820-24865 levels; if open, trade and sustain above 24865 then, the index may re-test 24900-24935-24965-24995-25020-25055-25095-25150 levels. On the other hand, the immediate support lies at 24690-24655 if, the Index moves below 24655 then, it may try to re-visit 24610-24580-24535-24495-24445 levels.

Special Mention: Yesterday, Nifty Index opened on a positive note, took strong support near our threshold levels i.e., 24535, made a low 24533.20, thereafter the up move took the index till 24737.05 and closed above 24690. Today, the Nifty index must trade, sustain and closes above 24780-24820; it may continue the pull back rally to re-test 24935-25070-25150-25250 levels in the near term. On the other hand, the immediate support seen at 24535-24465-24405, further weakness below 24405 then, the Index may try to re-visit 24340-24165-24115 levels in the near term. Let see how the Index opens today near 24780-24820-24865 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 53630.75 on the opening move, it made a low 53561.75 thereafter it moved up, made a high 54136.15 and closed on a positive note at 54067.55 with an intra gain 406.55 points, i.e., 0.76%, today Nifty Bank Index must move and sustain above 54160-54290-54365 levels; if to do so, then it may try to test 54550-54705-54860-54995-55165 levels. On the other hand, any weakness near 54160-54290-54365 further, it moves below 53985-53845 then, the Index may re-visit 53780-53690-53630-53560-53425 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 80295.99 on the opening move, it made a day low 80004.60 thereafter, it moved up, made a high 80671.28 and closed on a positive note at 80567.71 with an intra loss 409.83 points, i.e., 0.51%, today Sensex must move and sustain above 80760-80855-81115 levels; if to do so, then it may try to re-test 81250-81380-81480-81575-81665-81755-81865-81975 levels. On the other hand, any weakness near 80760-8055-81115 further, it moves below 80415-80380 then, the Index may re-visit 80260-80160-80000-79825-79740 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 03rd Sep'25 stands at 1.21 with PUT open interest of 2939277 and CALL open interest of 2434319, 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.1666.46 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.2495.33 Cr.

For the month of Sep'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.4255.65 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.9389.77 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 Aug'25 released on 03rd Sep'25-Wednesday, it moved up to 62.39 from 60.50 i.e., Jul'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.

DISCLAIMER:

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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