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 and slipped towards the 24,600 zone. The index has been forming a lower top, lower bottom formation for the last eight sessions, clearly underscoring the dominance of bears and highlighting a weakening near-term structure.
As of now, till it holds below the 24,750 zone, weakness could be seen towards 24,550 and then 24,442 zones. On the upside, hurdles have shifted lower to 24,750 followed by 24,900 zones.
**Option Front Analysis**
The maximum Call Open Interest (OI) is at 25,000 and then 24,800 strike, while the maximum Put OI is at 24,600 and then 24,700 strike. Call writing is observed at 24,700 and 24,800 strikes, whereas Put writing is seen at 24,700 and 24,600 strikes. Option data suggests a broader trading range between 24,100 and 25,100 zones, with an immediate range of 24,400 to 24,900 levels.
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**S&P BSE Sensex**
Sensex opened on a positive note and edged higher but failed to cross resistance near 80,900 zones. It soon came under profit booking and selling pressure, slipping towards the 80,200 mark. Every intraday rebound faced renewed supply, indicating persistent weakness.
On the daily chart, Sensex has been forming a series of lower highs and lower lows for the past seven sessions, signalling a persistent bearish undertone. Despite volatility, the index ended the day flat.
For now, till Sensex holds below 80,600 zones, further weakness may be witnessed towards 80,100 and then 79,800 zones, while hurdles have shifted lower to 80,600 and 80,900 zones.
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**Bank Nifty**
Bank Nifty opened positively and gradually extended momentum towards 54,700 zones in the first half of the session. However, it failed to hold at higher levels and drifted sharply towards 54,200, remaining volatile within a wider range of 400 points in the latter part of the session.
It formed a Doji-like pattern on the daily chart, reflecting selling pressure at higher zones and a continued structure of lower highs for the last seven sessions.
Currently, till it holds below 54,650 zones, weakness could extend towards 54,250 and then 54,000 levels. On the upside, hurdles are seen at 54,750 and 55,000 zones.
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**Nifty Futures**
Nifty futures closed flattish with gains of 0.02% at 24,695 levels.
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**Stock Movements**
**Positive movers:**
– Sammaan Capital
– HPCL
– BPCL
– AB Capital
– LTF
– Fortis
– Hindustan Zinc
– IOC
– NHPC
– Indian Bank
**Stocks showing weakness:**
– Dixon Technologies
– Mazagon Dock
– Solar Industries
– Persistent Systems
– Dr. Reddy’s
– PG Electroplast
– HDFC Life
– Kotak Bank
– OFSS
– Nestle India
– Mankind Pharma
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### TECHNICAL CALL OF THE DAY: NLCINDIA
NLCINDIA has given a strong breakout after consolidating in a narrow range for nearly six months and is now trading above all key moving averages. The stock is forming higher highs and higher lows, reflecting bullish momentum.
Positive super trend, rising RSI, and higher volumes further strengthen the bullish outlook.
**Recommendation:**
– Buy NLCINDIA at CMP 284.70
– Stop Loss: 265.00
– Target: 310.00
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### Top 5 Stocks to Watch Out for on 30th Sept 2025
**1. Dixon Technologies**
Dixon Technologies has incorporated Dixon Electrocorp Private Limited, a wholly-owned subsidiary focused on the manufacturing industry. The objective includes manufacturing and dealing in various electronic products such as batteries, lithium-ion (Li-ion) batteries, Li-ion battery cells, cells for digital applications, battery packs, modules, and related products.
**2. IRFC (Indian Railway Finance Corporation)**
IRFC signed a loan agreement with Haryana Power Generation Corporation Limited (HPGCL) for financing up to Rs 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 signed a loan agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for financing up to Rs 10,560 crore towards the upcoming 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 ICCC, including 5 years of Operations & Maintenance (O&M). The order size is Rs 37.53 crore and is slated for execution by 24th September 2026.
**4. Bharat Electronics (BEL)**
BEL secured additional orders worth Rs 1,092 crore since its last disclosure on 16th September 2025. Major orders include EW system upgrades, defence network upgrades, tank sub-systems, TR modules, communication equipment, EVM, spares, and services.
As of April 1, BEL’s order book stood at Rs 71,650 crore. Since the start of FY26, BEL has disclosed order inflows totaling Rs 7,348 crore, which is 27% of its full-year order inflow guidance of Rs 27,000 crore (excluding a quick-reaction surface-to-air missile order worth Rs 30,000 crore).
**5. Thomas Cook (India) Limited**
Thomas Cook India signed a Memorandum of Understanding (MoU) with the Ministry of Tourism (MoT), Government of India. This collaboration aims to gather direct, real-time traveller feedback to assess and recognize India’s best-performing tourism destinations and identify areas for improvement.
By sharing anonymized, aggregated data with the Ministry, Thomas Cook will support targeted interventions to upgrade infrastructure and services at key tourism destinations across the country.
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*Note: The above insights are based on current market conditions and technical analysis. Investors should consider their risk tolerance and conduct further research 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
