Nifty index opened on a flattish note and drifted lower during the first half of the session. It broke below the 25,100 level, but buyers stepped in around these zones, helping the index recover in the second half. Nifty moved back towards the 25,250 level but experienced volatility within a narrow range throughout the day.
On the daily chart, it formed a small-bodied candle with a longer lower shadow, indicating smart buying at lower levels. To maintain momentum, Nifty needs to hold above the 25,150 zone for a potential upward move towards 25,250 and then 25,350 levels. On the downside, support is seen at 25,050 and further at 24,900 levels.
**Option Front Analysis:**
– Maximum Call Open Interest (OI) is concentrated at 25,500 and 25,300 strikes.
– Maximum Put OI is at 25,000 and 25,200 strikes.
– Call writing activity is seen at 25,500 and 25,200 strikes, while put writing is observed at 25,200 and 25,000 strikes.
Option data suggests the broader trading range to be between 24,700 and 25,700 zones, with an immediate range between 25,000 and 25,400.
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The S&P BSE Sensex started the day flat but faced profit booking and selling pressure in early trade. It rebounded from the 81,750 support level, which also aligns with its 20-day exponential moving average (20 DEMA), providing a cushion to the index.
On the daily chart, Sensex formed a small-bodied candle with a long lower shadow, reflecting buying interest emerging at support. The index ended nearly flat, with a marginal loss of around 60 points.
For further upside, Sensex needs to hold above 81,800 zones to potentially move towards 82,400 and then 82,700 levels. On the downside, supports are placed at 81,800 and 81,600 zones.
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Bank Nifty opened flat and gradually slipped towards 55,150 in the morning session. However, it saw a strong recovery supported by good buying interest near its 50-day exponential moving average (50 DEMA), rising towards 55,650 levels in the latter half of the day.
The index formed a bullish candle on the daily scale, indicating strength in rate-sensitive stocks. For further gains, Bank Nifty needs to hold above 55,500 for a move to 55,750 and then 56,000 levels. On the downside, supports are at 55,250 and 55,000.
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Nifty futures closed with a slight loss of 0.10%, settling at 25,252 levels.
**Stocks showing positive setups:**
AU Bank, Jindal Steel, Ashok Leyland, Kaynes Technology, Canara Bank, JSW Steel, Axis Bank, SBI, Adani Enterprise, and Bajaj Finance.
**Stocks showing weakness:**
Coforge, Mphasis, Godrej Consumer, Trent, Indian Hotels, Hindustan Unilever, DLF, Tech Mahindra, Dabur, IEX, and Marico.
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### Technical Call of the Day: IndusInd Bank (INDUSINDBK)
IndusInd Bank is forming a strong double bottom around Rs 725, a key support level. On the weekly chart, a minor positive RSI divergence is visible, suggesting a potential reversal.
The stock offers an attractive risk-reward setup with support at Rs 720 (stop loss on a weekly closing basis) and upside potential towards the gap area near Rs 900. Sustained trading above current levels with rising volumes could strengthen bullish momentum further.
**Recommendation:**
– **Buy INDUSINDBK**
– **CMP:** Rs 755.25
– **Stop Loss:** Rs 720.00
– **Target:** Rs 900.00
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### Top 5 Stocks to Watch on 24th Sept 2025
**1. Lemon Tree Hotels**
Lemon Tree Hotels has signed two new deals:
– Franchise agreement for Keys Prima, Varanasi, featuring 153 rooms with banquet, pool, fitness center, and spa amenities.
– License agreement for Keys Select, Rewa, with 50 rooms, two restaurants, banquet hall, and pool.
The Varanasi property will be franchised under Lemon Tree Hotels Ltd., while the Rewa hotel will be managed by its subsidiary, Carnation Hotels Pvt. Ltd. These expansions align with Lemon Tree’s vision to become the most preferred hospitality chain across diverse segments in India.
**2. Ceinsys Tech**
Ceinsys Tech Limited has received a Letter of Award (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) for the upgradation and procurement of ESRI ArcGIS Software Products Enterprise Agreement worth Rs 15.95 crore (excluding GST). The 4-year order includes license delivery and operation & maintenance support for 16 quarters post activation.
**3. Dilip Buildcon**
The company, through its DBL-PSP Joint Venture, has emerged as the lowest bidder (L-1) for a tender from Kerala Industrial Corridor Development Corporation Limited valued at Rs 1,115.37 crore. The contract involves design, construction, testing, commissioning, and operation & maintenance of infrastructure works at Pudussery Central and Kannambra in Palakkad Node, Kerala, under the extension of Chennai Bengaluru Industrial Corridor (CBIC) to Kochi via Coimbatore.
**4. Paytm**
Paytm’s unit, Paytm Money, has partnered with Jio BlackRock to launch a systematic active equity fund for retail investors. This partnership will offer subscriptions to the Jio BlackRock Flexi Cap Fund on the Paytm Money app.
Jio BlackRock Asset Management, a joint venture between Mukesh Ambani’s Jio Financial Services and BlackRock, plans to launch nearly a dozen equity and debt funds in India by year-end. The joint venture aims to bypass traditional distribution channels, offering funds directly to institutional and retail investors.
**5. Karur Vysya Bank**
Karur Vysya Bank has filed writ petitions before the Madurai Bench of the Madras High Court challenging reassessment proceedings initiated by the Income Tax Department for Assessment Years 2020-21, 2021-22, and 2022-23.
The bank received notices under Section 148 and orders under Section 148A(3) of the Income-tax Act but stated that the matter will not materially impact its financials or operations. It also affirmed having strong legal grounds to defend its case.
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https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-24th-sept-2025
