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📊 Morning Market Report – 9th Sept 2025

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📊 Morning Market Report – 9th Sept 2025

Global Backdrop:
US equities ended higher overnight (Dow +0.25%, Nasdaq +0.45%, S&P +0.21%) aided by tech strength. Apple’s product launch event remains the key global highlight. Gift Nifty indicates a positive open (+60 pts).

Domestic Cues:

  • Nifty IT may outperform as Infosys board meets on Sept 11 to consider a buyback. Derivatives data show 1,440 Call strike is most active while supply is expected near 1,475.

  • Weekly options expiry for Nifty today could drive volatility.

  • Indian money market reopens post extended weekend.

Index Futures Positioning (FIIs):

  • Long exposure: 8%

  • Short exposure: 92%
    → This indicates continued bearish bias, though near-support writing suggests some downside protection.

Derivatives Activity (Ahead of Expiry):

  • ~75,000 Puts sold vs ~25,000 Calls sold.

  • Strong support at 24,750; resistance at 24,925.

Technical Setup:

  • Nifty 50: Yesterday’s range 24,751–24,885. Key averages at 100-DMA (24,807) and 50-DMA (24,948). Break above 24,948 could trigger short covering; support holds firm near 24,700.

  • Bank Nifty: Support 54,000–53,800; Resistance 54,300–54,600.

  • Nifty Fin Service: Support 25,800–25,700; Resistance 26,000–26,100.

  • Sensex: Support 80,600–80,400; Resistance 81,000–81,300.

Stock in Focus:

  • Infosys (INFY): Buyback news flow may keep the stock volatile. OI concentration at 1440 Call; overhead supply at 1475.

  • RailTel: Secured orders worth ₹713 crore from Bihar Education Project Council, sentiment positive.

Key Question of the Day:
Will Nifty sustain above 24,900 for a breakout towards 25,000+, or will selling pressure persist at higher zones given weak FII positioning?