Market kya lagta hain@ 7.30am – Tuesday, September 2nd 2025

# GIFT Nifty: (+35, 24763)

# Our call of the day suggests that Nifty is unlikely to roar in today’s trade but a flickering is quite likely above the dotted lines.
# Despite a positive session in Monday’ session, the FIIs were net sellers in yesterday’s session.

In the week gone by, the FIIs had net sold to the tune of Rs. 21152 Cr.

In the month of August, FIIs net sold to the tune of Rs 46,908 Cr. This FY26, FIIs have already sold to the tune of Rs. 74159 Cr.

# Sentiments are likely to walk the tightrope between Trump’s 50% tariff and newly optimistic investors on backdrop of PM Narendra’s Modi roadmap to 'atmanirbharta' amidst GST tax reform.

Bullish traders look forward with hope to the upcoming GST Council meet on September 3rd and 4th.

# Technically speaking, Nifty’s excessive upside is likely to be capped. That said, downside will also be protected with biggest intraday support seen at 24500 mark and then interweek support at 24336 mark.

Nifty still continues to trade way below its 21 DMA (24709), 50 DMA (24998) and 100 DMA (24687) and most importantly, well below the psychological 25000 mark.

# The Indian Rupee continues to remain depressed near its new low at 88.31 per dollar following the 50% tariff imposed by the United States on Indian goods.

# On the international economic front, the drumbeats towards US Nonfarm Payrolls sounds louder than usual. The US NFP will be wired on Friday, September 5th.

# Meanwhile, traders will also spy with one big eye on the US Appeals court which deemed most of US President Donald Trump's tariffs illegitimate, confirming the decision of the Court of International Trade.

However, the fresh ruling allowed the duties to remain intact until mid-October, permitting an appeal to the Supreme Court.

# Bottom-line: Bears aim to seize Dalal Street with Nifty’s downside risk seen at its 200 DMA at 24074 mark. Confirmation of strength only above 25155 mark.

# STOCKS IN SPOTLIGHT:

1) Ather Energy (+14%) zoomed on Monday and logged an all-time high at ₹512.75 per share. The stock was in limelight after the two-wheeler electric vehicle (EV) company unveiled its highly anticipated all-new EL platform, explore motorcycles over the next two years, and double down on expanding retail presence from 200 to 400 stores in FY26.

2) NCC’s stock price jumped 3% on reports that the company secured two orders totalling ₹788.34 crore (excluding goods and services tax - GST), both for projects under its Water Division

3) Tata Motors gained 3.14% after its total wholesales rose 2% year-on-year to 73,178 units last month as compared with 71,693 units in August 2024.

4) Rites (+6.5%) gained after the company has received a letter of award (LoA) worth Rs 25.3 crore from NTPC for a Biennial MGR (Merry-Go-Round) mega contract.

5) IT stocks sparkled in yesterday’s trade as strong India GDP data was seen lifting sentiments. INFY (+2.07%) TECH MAHINDRA (+1.63%)

# Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:

Nifty (24625): Sell between 24725-24750 zone. Stop at 24991. Targets 24500/24336. Aggressive targets at 24000-24100 zone.

Bank Nifty (54002): Sell between 54400-54500 zone. Stop at 54951. Targets 53411/53000. Aggressive targets at 52650-52896 zone.

# Our chart of the day is bullish on HINDALCO, PIDILITE, UPL and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.

# The 1 Stock to Buy Right Now: Buy PIDILITE (CMP 3125): Buy at CMP. Stop at 3039. Targets 3161/3239. Aggressive targets at 3415. (Interweek Strategy). Rationale: Signalling a massive breakout on the upside. Aiming unchartered territories. Key interweek support 3056. Major hurdles only at 3161 mark. 200-DMA at 2961.

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DISCLAIMER

Our clients may have positions in the stocks mentioned in this note. Kindly note that our clients may receive additional information in real time not available to the viewers of this note.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

RISK DISCLOSURES ON DERIVATIVES:

# 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

# On an average, loss makers registered net trading loss close to 50,000.

# Over and above the net trading losses incurred, loss makers expended an additional 28%of net trading losses as transaction costs.

# Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.