Trade setup for September 4: Top 15 things to know before the opening bells
If the Nifty 50 reclaims and sustains above 24,750, the 24,800 level (coinciding with the 50-day EMA) and 25,000 will be key levels to watch in the upcoming sessions. Conversely, if the index fails to hold above this zone, it could remain in a consolidation phase, with immediate support at 24,500, followed by a crucial support zone in the 24,400–24,300 range.
Technical View: Nifty rebounds, but 24,750 remains key for sustained rally; Bank Nifty awaits range breakout
The weekly options data suggests that the 24,600–24,500 zone is expected to act as strong support for the Nifty 50, with resistance likely at 24,800–25,000 levels.
Trade Spotlight: How should you trade Godrej Consumer Products, Sobha, Jindal Steel, Britannia Industries, Manappuram Finance, and others on September 03?
The consolidation is expected to continue as long as the frontline indices trade below short-term moving averages. Below are some short-term trading ideas to consider.
Trading Plan: Can Nifty 50 defend 24,500, Bank Nifty sustain above 200 DEMA?
The Nifty 50 took support at 24,500 on Tuesday, which is key for an upmove toward the 24,700–24,800 zone; however, falling below it can open the door to 24,400, the upward sloping trendline support, experts said.
Trade setup for September 3: Top 15 things to know before the opening bells
The 24,700-24,800 is expected to be immediate resistance zone for the benchmark Nifty 50 followed by 25,000 being crucial hurdle, however, the 24,400 is likely to be immediate support, followed by 24,300-24,250 being crucial support zone, according to experts.
Technical View: Profit booking spoils follow-up buying attempt, bears to charge if Nifty breaks 24,400 support; Bank Nifty tests 200 DEMA
The India VIX, the volatility index, remained in the lower zone but rose 0.95 percent to 11.4. Such complacency indicates a warning for market participants, as it suggests the potential for a sharp move in either direction, despite currently contributing to market stability.
Trading Plan: Can Nifty 50, Bank Nifty see follow-up buying?
The Nifty 50 is expected to face a hurdle at 24,700–24,800, as sustaining above it can drive the index toward 25,000; however, 24,400–24,350 is expected to be a crucial support zone, experts said.
Trade Spotlight: How should you trade Inox India, CG Power, Granules, Bajaj Auto, Dalmia Bharat, Eternal, ITC Hotels, Cummins, and others on September 02?
As long as the frontline indices defend the previous week's low, a gradual upward move is possible amid rangebound trading. Below are some short-term trading ideas to consider.
Trade setup for September 2: Top 15 things to know before the opening bells
The Nifty 50 reached close to the 100-day EMA (24,630), which is crucial for a further upward move toward the 24,700–24,800 levels. Sustaining above this level can drive the index toward the 25,000 mark. However, a decisive fall below the 24,420 level could open the door for a retest of the August low of 24,330, according to experts.
Technical View: Nifty needs to hold 24,500 to rally towards 25,000-25,250, Bank Nifty support lies at 53,500
An analyst said sentiment remains 'sell on rise' as long as Nifty stays below 24,850
Chartist Talk: Milan Vaishnav sees further downside in MCX but picks these 2 stocks for current week
Both stocks trade above their key moving averages and have shown golden crossover before the actual price breakout," he reasoned, Milan Vaishnav said.
Trade Spotlight: How should you trade HBL Engineering, Nava, Apollo Micro Systems, Voltas, CG Power, CreditAccess Grameen, and others on September 01?
The market may see rangebound trading after the sharp sell-off last week. Below are some short-term trading ideas to consider.
Trading Plan: Will Nifty 50 hold August low, Bank Nifty defend 53,500 amid expected rangebound trading?
If the Nifty 50 breaks the 24,400–24,350 zone (trendline support–August low), the bears may gain more strength, but holding above it can open the door for an upward journey toward 24,600–24,700.
Trade setup for September 1: Top 15 things to know before the opening bells
According to experts, if the Nifty 50 fails to defend 24,400-24,300 zone in the upcoming sessions, the fall toward 24,270 (200 DEMA) can be seen, however, holding the same can drive the index higher toward 24,600-24,700 levels, followed by 24,800-25,000.
Chartist Talk: Sudeep Shah bets on these 2 stocks but sees bearish move in Kfin Technologies, Godrej Properties next week
Looking ahead, the 200-day EMA zone between 24,300 and 24,250 has become a critical support area for the Nifty 50. A sustained move below 24,250 could intensify selling and potentially push the index toward the 24,000 mark, said Sudeep Shah of SBI Securities.
Nifty at crossroads: Technical structure signals bearishness, but oversold readings in price action & FPI positioning leave scope for relief rally
Traders are advised to adopt a sell-on-rise approach near resistance, while staying nimble to flip their stance if momentum above 25,150 gathers pace in Nifty 50.
India VIX: The risk index that best reflects market fear, says Shubham Agarwal
Index of forward looking volatility can thus be termed as risk index. Higher the index, higher will be the possibility of downward move and higher will be the risk of loss.
Technical View: Bears dominate for third session; August swing low at risk if rising trendline breaks; stay with sell-on-rally strategy
The weekly options data also suggested that 24,400 is expected to be the immediate support for the Nifty 50, with 24,300 as the next level to watch, and immediate resistance located in the 24,500–24,600 zone.
Trading Plan: Will Nifty 50, Bank Nifty start September series on positive note?
According to experts, after a sharp sell-off, a relief rally can be possible, but the sustainability of the same is key to watch. If the index decisively breaks 24,400 (upward sloping support trendline), then 24,260 (200-day EMA) is the level to watch. However, 24,600–24,700 can be a possible resistance on the higher side.
Trade Spotlight: How should you trade Caplin Point, Jindal Stainless, Engineers India, Advanced Enzyme, Nykaa, Endurance Tech, and others on August 29?
A rebound may be possible after the severe sell-off, but sustainability is the level to watch given the bearish sentiment. Below are some short-term trading ideas to consider.
Trade setup for August 29: Top 15 things to know before the opening bells
If the correction widens further, 24,400 and 24,340 are the levels to watch. However, in case the Nifty 50 rebounds, the 100-day EMA, and 24,700 level could act as possible resistances, according to experts.
Technical View: Bears tighten grip as Nifty slips below 100 DEMA, raising chances of August low retest; Bank Nifty eyes 200 DEMA
The weekly options data suggested that 24,000 is expected to be a crucial support for the Nifty 50, with resistance at 24,700–24,800 levels.
Trade Spotlight: How should you trade Dabur, Waaree Energies, PVR Inox, Britannia, SJVN, RattanIndia Enterprises, PNB, and others on August 28?
Overall, the bearish sentiment may prevail, and any bounce back may face selling pressure. Below are some short-term trading ideas to consider.
Trading Plan: Can Nifty 50 defend 100-day EMA, Bank Nifty hold Tuesday’s low on monthly F&O expiry day?
If the Nifty 50 fails to defend the 100-day EMA (24,635) in the upcoming sessions, a fall toward the August low (24,337) can’t be ruled out. However, staying above it can raise hopes for a fresh leg of upside toward 24,900–25,000 after likely consolidation, experts said.
Trade setup for August 28: Top 15 things to know before the opening bells
If the Nifty 50 decisively breaks the 100-day EMA support, the selling could drag it down toward 24,500. However, consistently defending this level could lead to some consolidation, followed by a short-covering rally toward the 24,900–25,000 zone, according to experts.
