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Published on 09-01-2026 09:59 am

Technical Outlook:

* The index opened on a flat note and witnessed follow through decline below previous session low and closed around its 50-day EMA. The daily price action formed a sizeable bear candle carrying lower-high-low intraday structure, indicating intraday pullback were short-lived.

* Index extended its lower-high-low pattern for fourth-consecutive session, indicating corrective bias. However, it is important to highlight that Since Oct 2025, Index has witnessed an intermediate correction to the tune of ~3% with not more than five-consecutive negative close. In the current phase, the index has already corrected ~2% followed by four-consecutive negative close, mirroring past cycles which makes us believe the ongoing correction is nearing price and time maturity. However, to pause the ongoing corrective phase a decisive close above previous session high would prerequisite and would help index to gradually resolve higher towards 26300, being upper band of ongoing consolidation range (25700-26300).

* Structurally, the index witnessed strong resilience during the May–August 2025 phase by consistently holding above its gap support, highlighting robust base formation. This constructive setup eventually helped index to resolve higher. In the current scenario as well, the index continues to sustain above the gap support established in November 2025, mirroring the earlier structural pattern. This alignment with past price behavior suggests the potential emergence of a fresh leg of upward momentum in the coming month. (Refer 3rd slide for detail technical view)

* In the process, bouts of volatility owing to global development and onset of earning season would present incremental buying opportunity wherein strong support is placed at 25700 being lower band of ongoing consolidation range.

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Published on 09-01-2026 09:59 am

Nifty :25876

Technical Outlook

Day that was…

The equity benchmark concluded the session on a negative note tracking subdued global cues to settle at 25876 down 1%. Market breadth remained negative with an A/D ratio of 1:5. Broader markets has relatively underperformed the benchmark with both Nifty Midcap and Smallcap declined 2% each. the On the sectoral front, all indices closed in a negative territory wherein Metals and Oil&Gas remained the top loser.

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Published on 09-01-2026 09:56 am

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.6150% to 6.63% level on Friday

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Published on 09-01-2026 09:55 am

Global Debt Market:

U.S. Treasury yields moved marginally higher on Thursday as investors looked ahead to key jobs data and continued to monitor geopolitical developments. At 4:48 a.m. ET, the 10-year Treasury yield was up more than 1 basis point to 4.159%. The 2-year Treasury note was little changed at 3.467%. Meanwhile, the 30-year bond yield rose 3 basis points to 4.846%. Investors are anticipating more economic data: Thursday morning brings the weekly initial jobless claims, and the Bureau of Labor Statistics’ nonfarm payrolls report is expected on Friday at 8:30 a.m. ET. Regarding jobless figures, Ian Lyngen, BMO Capital Markets head of US Rate Strategy, said in a note: “We’re cautious of the potential for seasonal distortions resulting from the holidays, but nonetheless with the Fed’s January FOMC decision approaching, it will be useful to have any additional context on the state of the labor market as 2026 gets underway.” Data gathering by the BLS has been impaired by the 43-day U.S. government shutdown last year. This will be the first on-time payrolls report since the shutdown. Economists surveyed by Dow Jones are expecting the economy to have added 73,000 new jobs for the month, up from 64,000 in November, and the unemployment rate to go down to 4.5%. Elsewhere, investors are keeping an eye on geopolitical developments, including the ongoing Venezuela situation, as well as U.S. President Donald Trump’s stated desire to take over Greenland.

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Published on 09-01-2026 09:55 am

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.53% on Thursday ended at 4.90%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.6290% on Thursday Vs 6.6105% on Wednesday .

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