Today’s market news includes the Nifty 50 index decreasing by 0.32% to 25,198.70 and the Sensex decreasing by 0.25% to 82,352.64 . The top gainers include Ola Electric, HUDCO, Suzlon Energy, Mazagon Dock, and Hind Zinc, while the top losers are Paytm, Power Financiers, Vodafone Idea, IndiGo, and PB Fintech
In the options market, the Nifty 50 index has seen a slight increase, with a gain of 83.95 points or 0.33% from the previous day’s closing . The Nifty Next 50 index is at 75,279.80, up by 383.40 points or 0.51% from the previous day’s closing . The Nifty Bank index is at 51,351.00, up by 198.25 points or 0.39% from the previous day’s closing
As we kick off the session on the 4th of September, the Indian market is set to open with a GAP UP, fueled by strong global cues and continuing bullish momentum from Flls. With their increased buying in index futures, today presents a ripe environment for Buy on Dips opportunities-though, as always, wait for confirmation before entering any trades.
Key Points to Focus On:
Volatility Watch: Swings could be on the horizon, with global factors in play.
FII Activity: Institutions continue their bullish streak -watch their moves closely.
Open Interest Dynamics: Crucial insights from Nifty and Bank Nifty Futures to refine your approach.
Option Writers’ Signals: Understanding the big players’ strategies could give you a significant edge.
PCR Analysis: Break down market sentiment through the Put/Call Ratio.
Technical Levels: Track important support and resistance levels to time your trades effectively.
Strategic Zones: Prepare for the key areas that could dictate today’s market direction.
Current Market Sentiment:
Flls maintain a bullish grip, holding firm with 68% long positions. This powerful trend signals a likely robust session ahead, so keep your eyes open for those Buy on Dips opportunities.
