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Below the Quote on Pre-Market Comment by Hardik Matalia, Research Analyst, Choice Broking

The benchmark Sensex and Nifty indices are expected to open flat to slightly positive on Sept 03, following GIFT Nifty trends indicating a gain of +13 points for the broader index.

Nifty can find support at 25,200 followed by 24,150 and 25,050. On the higher side, 25,350 can be an immediate resistance, followed by 25,450 and 25,500.

The charts of Bank Nifty indicate that it may get support at 51,300, followed by 51,100 and 51,000. If the index advances further, 51,600 would be the initial key resistance, followed by 51,800 and 52,000.

The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 1,735.46 crore on September 2, while domestic institutional investors bought equities worth Rs 356 crore on the same day.

INDIAVIX was positive Yesterday up by 4.98% and is currently trading at 14.0600.

Yesterday, the Indian markets started September with a strong opening at a record-high level, reaching an all-time high of 25,333.65 and continuing its upward trend for the 13th consecutive session. The Foreign institutional investors (FIIs) have been net buyers for the past 10 days, indicating strong confidence in the market. If the index sustains above 25,350, it could push the market towards the 25,450 to 25,500 range. On the downside, 25,150 will act as immediate support. Traders holding long positions should maintain a trailing stop loss at 25,000 on a closing basis.

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