Nifty Index Review and Market Insights – 30th September 2025
The Nifty index opened on a positive note around the 24,730 zone and witnessed a quick pullback in the first half hour towards 24,800. However, the momentum soon fizzled out as bears took charge, triggering profit booking and reinforcing the prevailing sell-on-bounce setup throughout the day. Nifty even breached Friday’s low, slipping towards the 24,600 zone.
The index has been forming a lower-top, lower-bottom pattern for the last eight sessions, clearly underscoring the dominance of bears and highlighting a weakening near-term structure. As long as it holds below the 24,750 zone, further weakness could be expected towards 24,550 and then 24,442 zones. Meanwhile, immediate hurdles have shifted lower to 24,750 and then 24,900 zones.
**Options Outlook:**
On the option front, the maximum Call Open Interest (OI) is seen at 25,000 followed by 24,800 strike prices. The maximum Put OI is concentrated at 24,600 and 24,700 strikes. Call writing activity is noticeable at 24,700 and 24,800 strikes, while Put writing is observed at 24,700 and 24,600 strikes. This option data suggests a broader trading range between 24,100 and 25,100 zones, with an immediate range expected between 24,400 and 24,900 levels.
**S&P BSE Sensex Overview:**
The Sensex opened positively and edged higher but failed to cross the resistance near the 80,900 zone. Profit booking and selling pressure soon emerged, pushing it down towards the 80,200 mark. Multiple intraday rebounds faced renewed selling, indicating underlying weakness. The daily chart shows a series of lower highs and lower lows over the past seven sessions, signaling a persistent bearish undertone. Despite volatility, the index closed the day flat.
Going forward, as long as the Sensex holds below 80,600 zones, additional weakness could drag it towards 80,100 and then 79,800 zones. Immediate hurdles now stand at 80,600 and 80,900 levels.
**Bank Nifty Update:**
Bank Nifty opened on a positive note and gradually extended momentum towards the 54,700 zone in the first half of the session. However, it failed to maintain these levels and sharply drifted towards 54,200, remaining volatile within a wide 400-point range during the latter session.
The index formed a Doji-like pattern on the daily scale, with selling pressure evident at higher zones. The structure of lower highs has remained intact for the last seven sessions. Currently, as long as Bank Nifty stays below 54,650 zones, weakness could drive it towards 54,250 and then 54,000 levels. On the upside, hurdles are at 54,750 and 55,000 zones.
**Nifty Future:**
Nifty futures closed nearly flat with marginal gains of 0.02% at 24,695 levels.
**Stocks in Focus:**
Positive momentum was observed in stocks like Sammaan Capital, HPCL, BPCL, AB Capital, L&T Finance, Fortis, Hindustan Zinc, IOC, NHPC, and Indian Bank. Conversely, weakness was noted in Dixon Technologies, Mazagon Dock, Solar Industries, Persistent Systems, Dr. Reddy’s Laboratories, PG Electroplast, HDFC Life, Kotak Bank, Oracle Financial Services Software (OFSS), Nestle India, and Mankind Pharma.
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### Technical Call of The Day: NLC India Limited (NLCINDIA)
NLC India has given a strong breakout after consolidating in a narrow range for nearly six months and is now trading above all key moving averages. It is forming higher highs and higher lows, reflecting strong bullish momentum. The positive super trend, rising RSI, and increasing volumes further strengthen this bullish outlook.
– **Recommendation:** BUY
– **Current Market Price (CMP):** ₹284.70
– **Stop Loss (SL):** ₹265.00
– **Target (TGT):** ₹310.00
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### Top 5 Stocks to Watch Out for on 30th September 2025
**1. Dixon Technologies:**
Dixon Technologies has informed exchanges about the incorporation of Dixon Electrocorp Private Limited as a wholly owned subsidiary. This entity will cater to the manufacturing industry, focusing on electronic products including batteries, lithium-ion batteries and cells, battery packs, modules, and related components.
**2. Indian Railway Finance Corporation (IRFC):**
IRFC signed a loan agreement with Haryana Power Generation Corporation Limited (HPGCL) for financing up to ₹5,929 crore towards the upcoming 800 MW (3rd Unit) supercritical thermal power project at Deenbandhu Chhotu Ram Thermal Power Plant (DCRTPP), Yamunanagar. Additionally, IRFC contracted a loan agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for financing up to ₹10,560 crore towards the 2×660 MW supercritical expansion project at Koradi Thermal Power Station (TPS), Nagpur.
**3. RailTel Corporation of India Ltd.:**
RailTel received a work order from Visakhapatnam Port Authority for implementing smart video surveillance using video analytics and IoT, along with an Integrated Command and Control Centre (ICCC), including five years of operations and maintenance. The order size is ₹37.53 crore, with execution scheduled by 24th September 2026.
**4. Bharat Electronics Limited (BEL):**
BEL has secured additional orders worth ₹1,092 crore since its last disclosure on 16th September 2025. Major orders include electronic warfare system upgrades, defence network enhancements, tank subsystems, TR modules, communication equipment, Electronic Voting Machines (EVMs), spares, and services. As of April 1, BEL’s order book stood at ₹71,650 crore. Since the start of FY26, BEL has reported order inflows worth ₹7,348 crore, which represents 27% of its full-year order inflow guidance of ₹27,000 crore (excluding a ₹30,000-crore quick-reaction surface-to-air missile order).
**5. Thomas Cook (India) Limited:**
In a strategic initiative to transform India’s tourism landscape, Thomas Cook India has signed a Memorandum of Understanding (MoU) with the Ministry of Tourism (MoT), Government of India. This collaboration aims to gather direct, real-time traveler feedback to assess and recognize India’s best-performing tourism destinations and identify areas needing improvement. By sharing anonymized, aggregated data with the Ministry, Thomas Cook will support targeted interventions to upgrade infrastructure and services at key tourist locations across the country.
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Stay tuned for more updates and market insights. Always trade safely and consult with your financial advisor before making investment decisions.
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-30th-sept-2025
