📰 Global & Domestic Setup
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Wall Street: U.S. markets were shut overnight on account of Labour Day holiday, keeping global cues muted.
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Gift Nifty: Indicates a flat start for Indian equities.
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Trump Factor: Former U.S. President Trump called India ties “a totally one-sided disaster”. While he said India has offered to cut tariffs to zero, the late timing of the talks adds a layer of uncertainty.
📊 Market Recap & Technicals
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Indian indices closed at the day’s high yesterday, signaling positive sentiment ahead of expiry.
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Nifty is hovering just below its 20 DMA at 24,695. Sustaining above this level with strong volumes will be critical for a follow-through rally.
💰 Flows & F&O Cues
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Cash Market Flows (2nd Sept):
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DII inflows: +₹4,345 Cr
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FII outflows: -₹1,430 Cr
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F&O positioning:
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FIIs net bought ₹493 Cr in index futures.
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However, FII long exposure is just 9% vs 91% shorts, showing caution.
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Weekly Options Expiry (Today):
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Heavy positions around 24,650 CE & PE with combined premium ~100.
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Implied trading range: 24,550 – 24,750.
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🔑 Key Levels to Watch (Nifty)
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Resistance: 24,695 (20 DMA), 24,750 (option barrier)
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Support: 24,550, then 24,400
📌 Stocks in Focus
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Hero MotoCorp:
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August sales beat estimates.
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Management upbeat on festive season demand → stock could see positive traction.
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Sugar Stocks:
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Govt has removed all curbs on ethanol production from sugarcane juice/syrup.
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Positive for integrated sugar players; expect a sector-wide re-rating.
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👉 Overall View:
Market likely to see a range-bound expiry between 24,550 – 24,750 unless fresh triggers emerge. Watch for a decisive close above 24,695 (20 DMA) to confirm strength. Stock-specific action expected in Hero Moto and Sugar pack.