The Indian stock market is likely to begin Wednesday’s trade on a negative note, following weakness in global markets and overnight losses on Wall Street. Both Sensex and Nifty 50 are expected to face pressure due to rising global bond yields and subdued investor sentiment.
The Gift Nifty was trading near the 24,642 level, nearly 50 points lower than the Nifty futures’ previous close, indicating a weak start for Dalal Street.
Global Cues Driving Indian Stock Market Today
- Dow Jones Industrial Average slipped overnight as investors reacted to rising global bond yields.
- Asian markets opened lower on Wednesday, tracking Wall Street weakness.
- Investors are cautious ahead of key global economic data releases, including inflation updates and interest rate projections.
Previous Session Recap: Sensex and Nifty Movement
On Tuesday, September 2, Indian equity benchmarks ended in the red amid profit booking at higher levels.
- Sensex fell 206.61 points (0.26%) to close at 80,157.88.
- Nifty 50 declined 45.45 points (0.18%), settling at 24,579.60.
- Bank Nifty dropped 341.45 points (0.63%), closing at 53,661.00.
The indices witnessed intraday volatility as traders booked profits after a strong recent rally.
Sensex Prediction Today
The Sensex witnessed resistance near 80,700 on Tuesday and slipped sharply from intraday highs. Analysts suggest the index remains in a volatile and non-directional phase.
- Support Levels: 80,000, followed by 79,700 – 79,500.
- Resistance Levels: 80,500 and 80,700.
- Breakout Potential: A move above 80,700 could push the Sensex towards 81,200.
👉 Key takeaway: Market participants may adopt level-based trading strategies due to intraday volatility.
Nifty 50 Prediction: Key Levels to Watch
The Nifty 50 formed a small red candle with a long upper shadow, suggesting selling pressure around 24,700 levels.
Technical Outlook
- Resistance Zones: 24,700 – 24,750.
- Support Zones: 24,400 – 24,500; further downside support at 24,200.
- Upside Target: If Nifty crosses 24,750, it may rally towards 25,000.
Expert Views
- Nagaraj Shetti (HDFC Securities): Short-term trend remains positive; dips towards 24,300–24,200 could be buying opportunities.
- Nilesh Jain (Centrum Broking): Nifty expected to trade between 24,400–24,750; a decisive breakout above 24,750 may trigger further upside.
- Sudeep Shah (SBI Securities): A bearish candlestick formation reflects profit booking; 24,400 is a crucial support.
👉 Key takeaway: The 24,400 – 24,750 range is likely to define today’s Nifty movement.
Nifty OI Data: Options Market Signals
Open Interest (OI) data shows strong positioning at key levels:
- Maximum Call OI: 24,700 and 24,800 – Resistance levels.
- Maximum Put OI: 24,500 and 24,400 – Support levels.
This suggests that the 24,500–24,700 zone will remain critical for Nifty’s intraday direction. A breakout on either side could trigger the next trend.
Bank Nifty Prediction
The Bank Nifty index declined significantly on Tuesday, forming a red candle that signals selling pressure near 54,000 levels.
Technical Outlook
- Immediate Support: 53,575 (200-day EMA).
- If Support Holds: Short-term pullback possible.
- If Support Breaks: Index may decline towards 53,200 and then 52,500 – 52,000.
- Resistance Zone: 54,500 – 55,000.
Analyst Views
- Hrishikesh Yedve (Asit C. Mehta): A break below 53,575 could trigger fresh weakness.
- Bajaj Broking Research: Bank Nifty likely to consolidate between 53,200 – 55,000.
👉 Key takeaway: Watch 53,575 support—holding above it may lead to consolidation, while a breakdown could invite deeper selling.
Key Factors to Watch Today
- Global Market Trends – Weakness in Dow Jones and Asian indices.
- Bond Yield Movement – Rising global bond yields may pressure equities.
- FII and DII Activity – Foreign and domestic institutional investor flows.
- Crude Oil Prices – Any sharp move could impact market sentiment.
- Rupee vs Dollar Trend – Currency fluctuations will also be tracked.
Stock Market Strategy for Traders
- Adopt Level-Based Trading: Due to volatility, focus on defined support and resistance levels.
- Buy on Dips: Experts suggest that dips towards strong support zones (Nifty 24,300–24,200) could be buying opportunities.
- Cautious Approach in Bank Nifty: Watch the 200-day EMA support zone before taking aggressive positions.
- Short-Term Volatility Likely: Expect markets to oscillate within a range before a breakout sets the next trend.
Conclusion: What Lies Ahead for Nifty, Sensex, and Bank Nifty
The Indian stock market today (September 3, 2025) is expected to open weak, mirroring global cues. While Sensex faces resistance at 80,700, the Nifty 50 may struggle around 24,700–24,750 levels. The Bank Nifty’s crucial support at 53,575 will be closely watched.
Overall, volatility and profit booking may dominate intraday trade. Traders should monitor global markets, FII flows, and technical levels to plan strategies effectively.
