🌅 Morning Market Report – 2nd Sept 2025

📰 Global & Domestic Setup Wall Street: U.S. markets were shut overnight on account of Labour Day holiday, keeping global cues muted. Gift Nifty: Indicates a flat start for Indian equities. Trump Factor: Former U.S. President Trump called India ties “a totally one-sided disaster”. While he said India has offered to cut tariffs to zero, the late timing of the talks adds a layer of uncertainty. 📊 Market Recap & Technicals Indian indices closed at the day’s high yesterday, signaling positive sentiment ahead of expiry. Nifty is hovering just below its 20 DMA at 24,695. Sustaining above this level with strong volumes will be critical for a follow-through rally. 💰 Flows & F&O Cues Cash Market Flows (2nd Sept): DII inflows: +₹4,345 Cr FII outflows: -₹1,430 Cr F&O positioning: FIIs net bought ₹493 Cr in index futures. However, FII long exposure is just 9% vs 91% shorts, showing caution. Weekly Options Expiry (Today): Heavy positions around 24,650 CE & PE with combined premium ~100. Implied trading range: 24,550 – 24,750. 🔑 Key Levels to Watch (Nifty) Resistance: 24,695 (20 DMA), 24,750 (option barrier) Support: 24,550, then 24,400 📌 Stocks in Focus

: August sales beat estimates. Management upbeat on festive season demand → stock could see positive traction. Sugar Stocks: Govt has removed all curbs on ethanol production from sugarcane juice/syrup. Positive for integrated sugar players; expect a sector-wide re-rating. 👉 Overall View: Market likely to see a range-bound expiry between 24,550 – 24,750 unless fresh triggers emerge. Watch for a decisive close above 24,695 (20 DMA) to confirm strength. Stock-specific action expected in Hero Moto and Sugar pack.