Hyderabad, 04 September, 2026 (Maxim News): The Indian stock market is expected to open higher on Friday, September 4, with the Sensex and Nifty 50 likely to track positive global cues.
The Gift Nifty indicated a positive start for domestic benchmarks. It was trading around 24,051, at a premium of 50.9 points to the previous close of Nifty futures.
However, Indian equities ended lower in the previous session. The Sensex fell 417.49 points, or 0.55%, to close at 76,152.86. Meanwhile, the Nifty 50 declined 41 points, or 0.17%, to settle at 23,873.45.
Nifty 50, Sensex and Bank Nifty Levels Today
Sensex Prediction Today
According to Sachin Gupta, VP Technical Research at Choice Equity Broking, the broader outlook for the Sensex remains sideways to bearish.
He said the index continues to face pressure below key moving averages. The 75,500 to 75,800 zone is likely to provide crucial support for stabilisation.
On the upside, a recovery above 76,650 to 77,000 could offer relief and improve the near-term trend.
Until the Sensex reclaims this resistance zone and momentum indicators improve, traders may remain cautious. Selling on rises could continue to dominate market activity.
Nifty 50 Prediction Today
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said the Nifty 50 failed to sustain Thursday’s highs after a rebound from Wednesday’s lows.
The index ended around 40 points lower amid lacklustre trading. Although it filled the previous session’s opening downside gap, the Nifty slipped nearly 125 points from the day’s high and closed near the day’s lows.
Shetti said a long negative candle on the daily chart has erased part of the previous session’s gains. The underlying trend remains weak amid choppy movements.
A break below 23,800 could drag the Nifty towards 23,600, which coincides with the opening upside gap of June 15. On the upside, 24,100 is likely to act as immediate resistance.
Meanwhile, Hitesh Rathi, Technical Analyst Equity & Derivatives at Angel One, said a decisive daily close below the 23,800 to 23,700 support band could trigger further weakness.
The index could then move towards 23,500 to 23,450 in the short term. On the other hand, the 24,000 to 24,050 zone is now likely to act as immediate resistance.
A stronger hurdle is seen around 24,150 to 24,200.
Rathi also cautioned that a short-term trend reversal in the Nifty Midcap index warrants close monitoring. He advised traders to avoid aggressive overnight positions until a clear trend reversal is confirmed.
Key Nifty 50 levels today:
- Support: 23,800 to 23,700
- Resistance: 24,050 to 24,200
Bank Nifty Prediction Today
Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said Bank Nifty ended Thursday’s session on a positive note.
However, the index has remained range-bound for the past 21 trading sessions. It has moved within a band of around 1,254 points, indicating a lack of clear directional momentum.
The current technical setup continues to point towards consolidation. Key momentum indicators and oscillators are also indicating a sideways market structure.
For Friday’s session, the 57,900 to 58,000 zone is expected to act as immediate resistance for Bank Nifty.
On the downside, the 56,900 to 56,800 zone remains an important support area.
Overall, traders are likely to watch the 23,800 level on the Nifty 50 closely. A sustained move above resistance or a decisive break below support could determine the next directional move in the market.
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