Weekly Nifty Commentary (01–05 September 2025)
The Indian equity markets saw a volatile performance last week, shaped by monthly expiry and a mid-week holiday on Wednesday, 27th August (Ganesh Chaturthi).
Last Week’s Outlook (25–29 August 2025):
We had projected that Nifty could test 25,220 levels if bullish momentum continued. However, the index only managed to make a high of 25,021 before correcting lower.
On the downside, while the expected support was at 24,650, markets slipped further, making a low of 24,404 before stabilizing. This indicates profit-booking at higher levels, coupled with global market nervousness, weighed on sentiment.
This Week’s Outlook (01–05 September 2025):
Going into the new week, we expect Nifty to trade within a range of 24,330 – 24,770 levels.
🔹 Support Zone: Strong support is seen at 24,330, and no further major decline is expected if this base holds.
🔹 Upside Potential: On the higher side, Nifty has the potential to move towards 24,770 levels.
Overall, Nifty is expected to remain range-bound, with traders advised to adopt a buy-on-dips approach and focus on stock-specific opportunities.
—Parshuram Sonurlekar, Super Equity