Nifty index opened flattish and dipped lower in the first half of the session. It broke the 25,100 zone, but bulls remained active around these levels, pulling the index up in the second half of the day. The index recovered towards the 25,250 zone 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. Going forward, it needs to hold above 25,150 for an upward move towards 25,250 and then 25,350 zones. Supports are seen at 25,050 followed by 24,900.
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**Option Front:**
– Maximum Call Open Interest (OI) is at 25,500 and 25,300 strikes.
– Maximum Put OI is at 25,000 and 25,200 strikes.
– Call writing was observed at 25,500 and 25,200 strikes.
– Put writing was seen at 25,200 and 25,000 strikes.
Option data suggests a broader trading range between 24,700 and 25,700 zones, with an immediate range of 25,000 to 25,400 levels.
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**S&P BSE Sensex:**
Sensex opened flattish and faced profit booking and selling pressure early in the session. It later bounced back from the support near 81,750, which coincides with its 20-day exponential moving average (DEMA), providing a cushion for the index.
The daily chart shows a small-bodied candle with a long lower shadow, reflecting buying interest emerging at support zones. The index ended nearly flat, with a marginal loss of around 60 points.
As long as Sensex holds above 81,800, strength could be expected towards 82,400 and then 82,700 zones. Supports are placed at 81,800 followed by 81,600.
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**Bank Nifty:**
Bank Nifty opened flattish and gradually drifted lower towards 55,150 in the first half. A strong recovery was seen from these lower levels, as the rate-sensitive index extended momentum towards 55,650 in the latter part of the session.
It formed a bullish candle on the daily chart, supported near its 50 DEMA. To continue the uptrend, it needs to hold above 55,500 for a move towards 55,750 and then 56,000 zones. On the downside, supports are placed at 55,250 and 55,000.
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Nifty futures closed negative with losses of 0.10% at 25,252 levels.
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**Stocks to Watch:**
Positive setups were seen in AU Bank, Jindal Steel, Ashok Leyland, Kaynes Technology, Canara Bank, JSW Steel, Axis Bank, State Bank of India (SBIN), Adani Enterprise, and Bajaj Finance.
Weakness was observed in Coforge, Mphasis, Godrej Consumer, Trent, Indian Hotels, Hindustan Unilever, DLF, Tech Mahindra, Dabur, Indian Energy Exchange (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, coinciding with key support levels. On the weekly chart, there is a minor positive RSI divergence suggesting a potential reversal.
The stock offers a compelling risk-reward setup, with support at Rs 720 (close-based stop loss on weekly charts) and upside potential towards the gap area. Sustained trading above current levels with rising volumes could further strengthen bullish momentum.
**Recommendation:**
**BUY INDUSINDBK**
CMP: Rs 755.25
SL: Rs 720.00
Target: Rs 900.00
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### Top 5 Stocks to Watch on 24th September 2025
**1. Lemon Tree Hotels:**
Lemon Tree Hotels has signed two new deals: a Franchise Agreement for Keys Prima, Varanasi, featuring 153 rooms and full amenities including banquet halls, pool, fitness center, and spa; and a License Agreement for Keys Select, Rewa, with 50 rooms, two restaurants, a banquet hall, and pool.
The Varanasi hotel will be franchised under Lemon Tree Hotels Ltd., while the Rewa property will be managed by its subsidiary, Carnation Hotels Pvt. Ltd. These expansions align with the company’s vision to become the most preferred hospitality chain across various segments nationwide.
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**2. Ceinsys Tech:**
Ceinsys Tech Limited has received a Letter of Award (LoA) from the 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 contract spans four years and includes license delivery plus operations & maintenance (O&M) support for 16 quarters post-license activation.
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**3. Dilip Buildcon:**
Through its joint venture DBL-PSP, Dilip Buildcon has been declared the L-1 bidder for a tender from Kerala Industrial Corridor Development Corporation Limited. The Engineering, Procurement & Construction (EPC) project is valued at Rs 1,115.37 crore.
The 42-month contract covers design, construction, testing, commissioning, and operation & maintenance of infrastructure works at Pudussery Central & Kannambra in Palakkad Node, Kerala, part of the Chennai Bengaluru Industrial Corridor (CBIC) extension to Kochi via Coimbatore.
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**4. Paytm:**
Paytm’s subsidiary Paytm Money has partnered with Jio BlackRock to launch a systematic active equity fund for retail investors.
The partnership will offer subscriptions for the JioBlackRock Flexi Cap Fund, available on the Paytm Money app.
Jio BlackRock Asset Management, a joint venture between billionaire Mukesh Ambani’s Jio Financial Services and BlackRock, plans to introduce nearly a dozen equity and debt funds in India by year-end. The firm intends to bypass traditional distributors, offering funds directly to institutional and retail investors.
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**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 AYs 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. It stated that the matter will not materially impact its financials or operations and that it holds strong legal grounds to defend its case.
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*Disclaimer: The information provided above is for educational purposes and should not be considered as financial advice. Please perform your own research or consult a financial advisor before making investment decisions.*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-24th-sept-2025
