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Below the Quote om Post Market comment by Mandar Bhojane, Research Analyst, Choice Broking

On October 1, Indian equity indices ended on a flat note following a volatile trading session. The Sensex closed 33.49 points lower, or 0.04%, at 84,266.29, while the Nifty declined by 13.90 points, or 0.05%, to settle at 25,796.90.

On the daily chart, Nifty formed an inverted hammer candlestick pattern below the previous day's candle, indicating that the bulls are losing strength. This suggests a continuation of the sideways to bearish trend, with a focus on stock-specific movements while the index corrects. If the index breaks below 25,730, a further correction toward 25,500 could be expected, which aligns with the 20-day EMA. On the upside, 26,000 is anticipated to act as immediate resistance.

Sector-wise, buying interest was observed in the media, auto, and IT sectors, while selling pressure was seen in telecom, power, FMCG, oil & gas, and realty. The BSE Midcap index rose by 0.3%, while the Smallcap index gained 0.5%.

India VIX decreased by 6.26% intraday, settling at 11.9875, signaling a reduction in market volatility. In terms of open interest (OI), the highest call-side OI was seen at the 26,000 and 26,200 strike prices, while the highest put-side OI was concentrated at the 25,500 strike price, indicating strong support around the 25,600 level for Nifty.

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