Nifty 50, Sensex today: What to expect from Indian stock market in trade on September 9 after Nasdaq’s record close

By Admin

09 Sep, 2025

The Indian stock market is expected to kick off Tuesday’s trade on a positive note, taking cues from upbeat global sentiment after the Nasdaq’s record close. Trends in the Gift Nifty also indicate optimism, with the index trading around 24,940   a premium of nearly 47 points from the Nifty futures’ previous close.

On Monday, benchmark indices ended marginally higher. The Sensex rose 76.54 points, or 0.09%, to close at 80,787.30, while the Nifty 50 gained 32.15 points, or 0.13%, to settle at 24,773.15, holding firmly above the 24,700 mark.

Sensex Prediction

The Sensex formed an indecisive candlestick formation on the daily chart, reflecting a tug-of-war between bulls and bears. Analysts suggest the short-term outlook will remain volatile, with fresh upside momentum expected only if the index crosses the 81,200 level.

• Above 81,200: Upside targets of 81,500 and potentially 81,800.
  
  

• Key supports: 80,500 and 80,300.
  
  

• Below 80,300: The index may slide towards 80,000 or even 79,800 in the short term.
  
  

Nifty OI Data

In the derivatives market, open interest suggests:

• Highest Call OI: 24,900 strike, indicating strong resistance.
  
  

• Highest Put OI: 24,500 strike, providing solid support.
  
  

Nifty 50 Prediction

The Nifty 50 formed a Doji candle on the daily chart, showing indecision. A small red candle with a long upper shadow signals consolidation and volatility.

• Resistance: 24,900 – 25,000 zone. A breakout above 25,000 could trigger a rally toward 25,300 and 25,500.
  
  

• Support: 24,710 followed by 24,620. Below 24,700, the index may weaken further to 24,600.
  
  

• Indicators: The RSI closed flat at 50, showing neutral momentum. Nifty remains above key EMAs (10/20-day), keeping the trend mildly positive.
  
  

Overall, analysts expect Nifty to consolidate in a broader range of 24,600 – 24,950 ahead of the weekly expiry, with a breakout above 25,000 being crucial for a fresh uptrend.

Bank Nifty Prediction

The Bank Nifty closed at 54,186.90 on Monday, up 72.35 points, forming a doji candle with mixed signals. The index remains below short-term moving averages, with the 20-EMA acting as resistance near 54,850.

• Support: 53,700 with a stronger base at 53,500 – 53,600 (near 200-DEMA and bullish engulfing low).
  
  

• Resistance: 54,450 followed by 54,900.
  
  

• Outlook: The RSI has recovered to 39, signaling a rebound from oversold territory. Sustaining above 53,600 will favor a buy-on-dips strategy, while a close above 54,550 could confirm a short-term rebound.
  
  

Key Takeaway

The Indian market is likely to start higher on September 9, supported by global cues and a positive Gift Nifty trend. However, both Sensex and Nifty are facing stiff resistance zones that need to be crossed for a decisive uptrend. Traders should watch 25,000 on Nifty and 81,200 on Sensex as critical breakout levels, while Bank Nifty requires strength above 54,550 to confirm bullish momentum.

Disclaimer: The views and recommendations mentioned are those of individual analysts and broking firms. Investors are advised to consult certified experts before making any investment decisions.