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Below the Quote On Post market comment by Mandar Bhojane, Research Analyst, Choice Broking

Indian benchmark indices ended flat in a range-bound trading session on September 3. At the close, the Sensex was down by 4.40 points, or 0.01 percent, at 82,555.44, while the Nifty was up by 1.10 points at 25,279.80.

The Nifty has shown a strong bullish trend with 14 consecutive higher closes, forming higher highs and higher lows. On the daily chart, Nifty closed with an inside bar candle, indicating that the bullish trend is likely to continue.

However, technical indicators like the RSI at 70.2 and the Stochastic RSI at 100 suggest that the market is in the overbought zone, indicating a potential for a small correction or profit booking from its all-time highs. Nifty has formed a support base around the 25,100 and 25,000 levels, which could act as immediate support and present a buying opportunity if there is a reversal. If Nifty closes above the 25,300 level, short-term targets could be 25,500 and 25,700.

The India VIX decreased by 1.55 percent intraday, settling at 13.8425, indicating decreased volatility. The index has support around the 25,200 level. In the Open Interest (OI) data, the highest OI on the call side was observed at the 25,500 and 25,600 strike prices, while on the put side, the highest OI was at the 25,000 strike price.

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