Another Positive Opening For the Day.

Daily Equity Bulletin

Nifty could not hold the higher level closed at 24739. M&M was the top gainer yesterday, gaining 5.95% and TATA Consum was the top loser today, decline -3.02%,

Asian market closed mixed note today. Japan and the U.S. are near final talks to lower tariffs on Japanese auto imports,

Nifty Auto was the top sector performer yesterday, gained over 0.85%. PSU Banks were the top loser sector yesterday.

Investors remain focused on upcoming U.S. economic data, especially the highly anticipated nonfarm payrolls release on Friday, Sept 5.

Nifty

Nifty witnessed a sharp profit booking from a higher level. Support around 24680, break below this level will see a downside move towards 24600-24560 levels. Key resistance around 24850, break and sustain above this level will expect upside move till 24940-25000 level.

📌 Trading Strategy:

🔻 Buy Nifty future around 24820

🎯 Target: 24920-24960

🚫 Stop Loss: Below 24760

Bank Nifty

In the previous session, Bank Nifty closed flat at 54075. Support around 53900, break below this level will see downside move till 53600 - 53500 mark. On the other side, resistance around 54250 break and sustain above this level will see upside move till 54500-54700 levels.

📌 Trading Strategy:

🔻 Buy Bank Nifty future around 54300

🎯 Target: 54550-54700

🚫 Stop Loss: Below 54150

Nifty’s PCR was 0.73, indicating a generally bullish outlook.