Quote on Closing Market Summary 01st September 2025 by Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited
Below the Quote on Closing Market Summary 01st September 2025 by Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited
"Indian equity markets ended the session on a positive note on September 01, as the indices opened on a flat note but witnessed strong buying from the start of the session, which helped them close near the day’s high. The Sensex surged 554.84 points, or 0.70%, to settle at 80,361.49, while the Nifty advanced 198.20 points, or 0.81%, to close at 24,625.05. Market breadth remained firmly positive, with 1,941 stocks advancing against 646 declining, indicating strong participation in the broader market.
The Nifty index opened on a flat note, but buying from the start of the session helped it move higher, ending the day on a positive note above the 24,600 mark. On the daily chart, the index formed a strong bullish candle, signaling renewed strength. Nifty is currently holding above its long-term EMA and is now approaching its short-term and medium-term EMAs, indicating improving trend alignment. On the downside, immediate support is placed at 24,500, followed by 24,400. A breach below these levels could trigger extended selling pressure. On the upside, resistance is seen at 24,700, followed by the 24,800–25,000 zone. A decisive break above this zone would open up fresh buying opportunities. Among the Nifty 50 constituents, the top gainers were Bajaj Auto, M&M, Tata Motors, Hero MotoCorp, and Eicher Motors, while the top losers included Sun Pharma, ITC, Hindustan Unilever, Titan, and Reliance Industries.
The Bank Nifty index opened on a flat note and witnessed buying interest right from the start of the session, which helped it sustain at higher levels. The index took strong support from its long-term EMA and rebounded, eventually closing on a positive note near the 54,000 mark. On the daily chart, this price action reflects renewed strength after recent consolidation, suggesting buyers are active at lower levels. Going forward, immediate support is placed at 53,800, followed by 53,500, and a break below these levels could invite further weakness. On the upside, immediate resistance is seen at 54,500, with the next hurdle in the 54,800–55,000 zone. A decisive move above this range may open the door for further gains.
India VIX declined by 3.91% to 11.2925, indicating cooling volatility and suggesting that traders expect the market to remain stable in the near term. On the derivatives front, the highest Call Open Interest (OI) is placed at the 24,700 strike, followed by the 24,800 strike, highlighting these levels as key resistance zones. On the Put side, the maximum OI is seen at the 24,600 strike, followed by the 24,500 strike, which will act as strong support levels. This OI setup suggests that the 24,600–24,700 range will be crucial for Nifty’s near-term movement, with a decisive move on either side likely to set the next direction."
Above views are of the author and not of the website kindly read disclaimer
