📊 Morning Market Report – 9th Sept 2025
Global Backdrop:
US equities ended higher overnight (Dow +0.25%, Nasdaq +0.45%, S&P +0.21%) aided by tech strength. Apple’s product launch event remains the key global highlight. Gift Nifty indicates a positive open (+60 pts).
Domestic Cues:
Nifty IT may outperform as Infosys board meets on Sept 11 to consider a buyback. Derivatives data show 1,440 Call strike is most active while supply is expected near 1,475.
Weekly options expiry for Nifty today could drive volatility.
Indian money market reopens post extended weekend.
Index Futures Positioning (FIIs):
Long exposure: 8%
Short exposure: 92%
→ This indicates continued bearish bias, though near-support writing suggests some downside protection.
Derivatives Activity (Ahead of Expiry):
~75,000 Puts sold vs ~25,000 Calls sold.
Strong support at 24,750; resistance at 24,925.
Technical Setup:
Nifty 50: Yesterday’s range 24,751–24,885. Key averages at 100-DMA (24,807) and 50-DMA (24,948). Break above 24,948 could trigger short covering; support holds firm near 24,700.
Bank Nifty: Support 54,000–53,800; Resistance 54,300–54,600.
Nifty Fin Service: Support 25,800–25,700; Resistance 26,000–26,100.
Sensex: Support 80,600–80,400; Resistance 81,000–81,300.
Stock in Focus: