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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 negative on Sept 04, following GIFT Nifty trends indicating a loss of -170 points for the broader index.

After a gap down opening, Nifty can find support at 25,050 followed by 25,000 and 24,950. On the higher side, 25,300 can be an immediate resistance, followed by 25,350 and 25,400.

The charts of Bank Nifty indicate that it may get support at 51,200, followed by 51,100 and 50,900. If the index advances further, 51,700 would be the initial key resistance, followed by 51,800 and 52,000.

The foreign institutional investors (FIIs) continued their buying for the fourth consecutive session on September 3 as they bought equities worth Rs 1029 crore, while domestic institutional investors also extended their support and bought equities worth Rs 1986 crore on the same day.

INDIAVIX was negative Yesterday down by 1.55% and is currently trading at 13.8425.

Yesterday, the Indian markets traded sideways and ended with slight changes, while global markets saw sharp selling as U.S. manufacturing remained weak in August, with investors also anticipating key data releases that could influence the Federal Reserve's interest rate decisions. The Index needs to sustain above the 25,350 level to push further towards the 25,450 to 25,500 range. On the downside, 25,000 will act as immediate support. Traders holding long positions should maintain a trailing stop loss at 24,950 on a closing basis.

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