Current Levels (as of last close)
Sensex: 80,710.76 (down ~7 points)
Nifty 50: 24,741.00 (up ~6.7 points)
Nifty Bank: 54,114.55 (up ~39 points)
Technical Support & Resistance
From EquityPandit (Sep 5, 2025):
Sensex Support: 80,342 → 79,974 → 79,627 Resistance: 81,058 → 81,405 → 81,773
Nifty 50 Support: 24,631 → 24,521 → 24,420 Resistance: 24,842 → 24,942 → 25,052
Nifty Bank Support: 53,787 → 53,459 → 53,198 Resistance: 54,375 → 54,636 → 54,964
Intraday levels from TradingView:
Nifty 50
Resistance: ~24,950–25,000
Support: ~24,550–24,500
Break above 24,950 could reach 25,200–25,250; breakdown below 24,500 may retest 24,300
Nifty Bank
Resistance: ~54,500–54,600 (and potentially 55,000–55,100 if broken)
Support: ~53,600–53,500;
breakdown may drag to 53,100–53,000 Positional levels also highlight resistance at ~54,543–55,047 and support near ~52,768
Market Outlook for the Coming Week
Overall Sentiment: Markets ended the week with a roughly 1% gain, but view remains cautiously optimistic, primarily contingent on global cues and U.S. Federal Reserve rate-cut expectations . Key Catalysts: GST reforms: Tax cuts aimed at boosting consumer spending and rural demand. Already partly priced in, but still providing tailwinds . Global factors: A potential L-shaped global rally if the Fed signals dovish stance; U.S. tariffs and macro stress continue to cloud sentiment . Sector differentiation: Strength in autos, FMCG, metals, and newer-age tech/resilient sectors; banking (Bank Nifty) and IT remain key to sustaining upward momentum . Moderating Concerns: Weak corporate earnings and sluggish nominal GDP growth could temper enthusiasm despite strong macro prints (real GDP at 7.8%) . Foreign institutional investors remain net sellers; domestic retail/institutions seem to be the buffer for markets .
Top 5 Stocks: Key Outlook and Levels
While dedicated technical levels are not available for each stock, here are noteworthy perspectives for five major names:
Reliance Industries (RIL) Weakness in financial heavyweights could weigh on Nifty; RIL’s base near 61.8% Fibonacci (~₹1,469) and 50-day SMA (~₹1,459) provides stability .
HDFC Bank Trading range: ~₹954–₹967; modest gains YTD (~8.7%), with a 5-day uptick of ~0.36%. Market watchers will focus on MAC and earnings improvements .
ICICI Bank No specific technicals, but as a key Bank Nifty constituent, its performance will critically influence the index’s behavior.
TCS & Infosys (IT majors) Upgraded by Investec and JP Morgan (~3% gains), reflecting resilience due to AI and strong order books, supporting sectoral flows .
Infosys: Price forecasts range between ₹1,667–₹1,945 with identified near-term support around current levels . Paytm (One 97 Communications) Gained ~31% YTD following its first-ever quarterly profit and technical breakout. Analysts point to a near-term target of ₹1,420, signaling momentum continuation
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