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What to expect from Indian stock market in trade on September 5

What to expect from Indian stock market in trade on September 5

The Indian stock market is expected to start on a positive note on Friday, September 5, buoyed by upbeat global cues and early signals from the derivatives market. Trends in the Gift Nifty also suggest a strong opening for benchmark indices Sensex and Nifty 50.

Market Opening Trends

Gift Nifty was trading around the 24,885 level, nearly 57 points higher than the Nifty futures’ previous close. This indicates a likely positive start for the Indian indices. On Thursday, the equity market ended marginally higher, with the Sensex climbing 150.30 points (0.19%) to close at 80,718.01 and the Nifty 50 gaining 19.25 points (0.08%) to settle at 24,734.30.

Sensex Prediction

The Sensex has formed a bearish candle on daily charts, indicating caution at higher levels. Analysts note that the short-term market outlook remains positive, but a fresh uptrend will be confirmed only if the Sensex crosses 81,000. Beyond this, the index could extend gains toward 81,500 and 81,800. On the downside, 80,500 and 80,300 remain crucial support levels for day traders. A fall below 80,300 may weaken the bullish trend.

Nifty OI Data

In the derivatives market, the highest Call Open Interest (OI) was at the 24,800 strike, while the highest Put OI was at 24,600. This indicates strong resistance near 24,800, and a sustained move above this level could revive bullish momentum.

Nifty 50 Prediction

Nifty 50 formed a bearish pattern on the daily chart, showing resistance around the 25,000 mark. Analysts suggest consolidation or mild weakness in the near term unless Nifty decisively breaks above 25,000. Support is seen at 24,550 and 24,400 levels, with further downside risk if these levels are breached.

  • Hrishikesh Yedve of Asit C. Mehta highlighted resistance near 25,000 and major support at 24,500–24,340.

  • Sudeep Shah of SBI Securities pointed out that the 24,630–24,600 range will act as immediate support, while 24,850–24,880 will remain a key resistance zone.

Bank Nifty Prediction

The Bank Nifty ended almost flat on Thursday at 54,075.45, forming a bear candle. The index continues to consolidate and remains under short-term moving averages.

  • Om Mehra of SAMCO Securities noted that sustaining above 54,550 will be crucial for a sustained uptrend. Resistance is seen at 54,550–54,620, while support lies at 53,600–53,480.

  • Bajaj Broking Research expects Bank Nifty to trade within the 53,300–55,000 range. A breach below 53,300 could accelerate declines toward 52,500–52,000.

Conclusion

Overall, the Indian stock market is poised for a positive opening on September 5, supported by global cues and early Gift Nifty signals. However, with both Nifty and Sensex facing resistance near key levels, investors may see consolidation before any breakout. Traders are advised to stay cautious and monitor support and resistance levels closely.

Disclaimer: The views and recommendations mentioned are those of individual analysts and brokerage firms. Investors should consult certified financial advisors before making investment decisions.

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