Domestic equities witnessed a strong trading session on Wednesday, with market sentiment lifted by positive global cues and optimism surrounding potential trade negotiations between the US and India. The Nifty 50 opened with strong momentum and briefly crossed the key psychological milestone of the 25,000 mark during intraday trade, while the BSE Sensex also followed a firm upward trajectory. Both benchmarks ended the day with solid gains and closed above key moving averages, indicating continued strength in the broader market trend.
Most sectoral indices ended in the green, led by robust gains in the IT and PSU banking spaces, with tech stocks particularly buoyed by strong earnings from Oracle Corporation. Broader market participation remained healthy, although a few segments, like auto and media, saw profit booking after recent rallies. Overall, the mood across domestic and Asian markets remained optimistic, supported by improving macro signals and easing global uncertainties.
In this overview, we will analyse the key technical levels and trend directions for Nifty and BSE Sensex to monitor in the upcoming trading sessions. All the charts mentioned below are based on the 5-minute timeframe.
Nifty 50
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
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The Nifty 50 Index opened on a positive note at 24,991.00 on Wednesday, up by 122.4 points from Tuesday’s closing of 24,868.60. The index started on a gap up and sustained above 24,950 mark but later traded below its opening level at 24,984. In the morning session, the Index traded in a range between 24,950 and 25,050 and was traded above all four EMAs of 20/50/100/200 in the 15-minute time frame. Later, in the afternoon session, the index lost its momentum and plunged to the 24,915 making its day low but held above the 24,950 level, trading in green.
Overall, the index ended in a positive state on the Wednesday session. During the afternoon session, the Nifty 50 was traded above all four EMAs of 20/50/100/200 in the 15-minute time frame. Nifty’s immediate resistance levels are R1 (25,033), R2 (25,083), and R3 (25,153), while immediate support levels are S1 (24,961), S2 (24,915), and S3 (24,853).
The Nifty index had reached a day’s high at 25,035.70 and saw a day’s low at 24,915.05. Finally, it had closed at 24,973.10, in green above the 24,950 level, gaining 104.5 points, or 0.42%. The Nifty 50 closed above all four EMAs of 20/50/100/200 EMAs in the daily time frame.
Momentum Indicators
RSI (Daily): The Nifty 50’s RSI stood at 56.81, which is well below the overbought zone of 70, indicating a bullish sentiment.
Bollinger Bands (Daily): The index is still trading in the upper half of its Bollinger Band range above the middle band (Simple Moving Average). Its position in the upper range, along with solid resistance around the 25,000 level, and the Index formed an indecisive doji candle, indicating neutral sentiment in Wednesday’s session. A sustained move above the middle band signals a bullish sentiment, while a drop back toward the lower band may reinforce bearish sentiment.
Volume Analysis: Wednesday’s trading session average volumes stood at 244.15 Mn.
Derivatives Data: Options OI indicates strong Put writing at 24,900, following 24,800, establishing it as a firm support zone. On the upside, a significant Call OI buildup at 25,000 and 25,200 suggests a potential resistance supply. PCR (Put/Call Ratio) stands at 1.0863 (>1), leaning towards neutral sentiment, and the long buildup signals a potential upward move, with an overall mixed outlook for the next trading session.
Bank Nifty
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
The Bank Nifty Index started the session on a positive note at 54,554.75 on Wednesday, up by 338.65 points from Tuesday’s closing of 54,216.10. The index began on a bullish note, surging to 54,705, making its day high. But later, the index consolidated at the 54,600 mark. The Index traded above its opening level at 54,604 in the morning session. The index was traded above all four EMAs of 20/50/100/200 in the 15-minute time frame and was trading between the 54,400 and 54,700 levels in the morning session.
During the afternoon session, the Bank Nifty index traded over the 54,500 level and slightly declined to 54,532 from the 54,600 level. Further, the Bank Nifty closed above all four EMAs of 20/50/100/200 EMAs in the 15-minute time frame. Bank Nifty immediate resistance levels are R1 (54,666), R2 (54,998), and R3 (55,300), while immediate support levels are S1 (54,511), S2 (54,296), and S3 (54,084).
The Bank Nifty index had peaked at 54,705.20 and made a day’s low at 54,400.00. Finally, it had closed in green at 54,536.00, breaking above the 54,500 level, gaining 319.90 points or 0.59%. The Relative Strength Index (RSI) stood at 45.24 and was near the oversold zone in the daily time frame, and Bank Nifty closed below the EMAs of 20/50/100 but remained above the 200 EMA in the daily time frame.
Sensex
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
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The BSE Sensex Index opened on a positive note at 81,504.36 on Wednesday, up by 403.04 points from Tuesday’s closing of 81,101.32. The Index was bullish in the morning session; the Index surged to the 81,650 mark, but later the index slightly declined and traded below its opening level in the morning session at 81,453. The Index was traded above all four EMAs of 20/50/100/200 in the 15-minute time frame and was trading between 81,350 and 81,650 in the morning session.
In the afternoon session, the Sensex Index lost its momentum and was dragged down to the 81,200 level, but later rebounded from the low and traded above 81,400. However, the Index managed to stay above the 81,400 level during the afternoon session, maintaining its overall positive trend, and was trading above all four EMAs of 20/50/100/200 in the 15-minute time frame. BSE Sensex immediate resistance levels are R1 (81,644), R2 (82,226), and R3 (82,781), while immediate support levels are S1 (81,231), S2 (80,773), and S3 (80,331).
The BSE Sensex index had peaked at 81,643.88 and made a day’s low at 81,235.42. Finally, it had closed at 81,425.15 in green, gaining 323.83 points or 0.40%. The Relative Strength Index (RSI) stood at 54.80 (below the overbought zone of 70) in the daily time frame, and the BSE Sensex closed above all four EMAs of 20/50/100/200 in the daily time frame.
India VIX
The India VIX decreased by 0.15 points or 1.38%, from 10.68 to 10.54 during Wednesday’s session. A decrease in the India VIX typically indicates lower price volatility in the stock market, suggesting a more stable market environment.
Market Recap on the 10th of September 2025
On Wednesday, the Nifty 50 opened with a gap-up at 24,991, gaining 122.4 points from its previous close of 24,868.60. It crossed the 25,000 mark, hitting an intraday high of 25,035.7 before ending the session at 24,973.1, a gain of 104.50 points or 0.42%. The index closed above all four key EMAs (20/50/100/200-day) on the daily chart. The BSE Sensex followed a similar positive trend, opening at 81,504.36, up 403.04 points from its previous close of 81,101.32. It closed the day at 81,425.15, advancing 323.83 points or 0.40%. Broader market sentiment was buoyed by potential trade discussions between the US president and India, which helped ease investor caution.
In terms of momentum indicators, the Nifty 50’s Relative Strength Index (RSI) stood at 56.81, while the Sensex RSI came in at 54.80, both well below the overbought threshold of 70. The Bank Nifty Index also posted gains, rising 319.90 points or 0.59% to close at 54,536.
Most sectoral indices ended in the green on Wednesday, with only a few in the red. Leading the pack for the second consecutive session was the Nifty IT Index, which surged to 36,183.8, up 927.90 points or 2.63%. Oracle Financial Services Software Ltd soared 10% after its parent company, Oracle Corporation, delivered strong quarterly results and issued a highly positive outlook for its cloud and AI businesses. Other tech stocks, including Persistent Systems Ltd, Coforge Ltd, Mphasis Ltd, and Wipro, also advanced up to 5.6%.
The Nifty PSU Bank Index was another top performer, ending at 7,023.85 with a gain of 143.95 points or 2.09%. Bank of India Ltd led the gains with a 4.2% rise, followed by Union Bank of India (up 4.1%) and Indian Bank (up 3.3%). The Nifty CPSE Index also finished among the top gainers, closing at 6,281.70, up 73.55 points or 1.18%.
On the downside, the Nifty Auto Index was the weakest performer of the day, dragged down by profit booking after a recent rally. It closed at 26,833.95, slipping -348.55 points or -1.28%. MRF Ltd was the top laggard, falling -2.7%. Other auto names like Mahindra & Mahindra Ltd, TVS Motor Company Ltd, and Maruti Suzuki India Ltd declined by up to -2.5%.
The Nifty Media Index also closed in the red at 1,610.95, down -10.30 points or -0.64%, with notable losers including Nazara Technologies Ltd, Tips Music Ltd, PVR Inox Ltd, and Zee Entertainment Enterprises Ltd, which fell as much as -1.9%. The Nifty Consumer Index also posted losses, closing at 39,520.15, down -119.15 points or -0.30%.
Asian markets showed strength on Wednesday. Hong Kong’s Hang Seng Index ended higher at 26,230, gaining 291.87 points or 1.11%. China’s Shanghai Composite Index rose slightly, closing at 3,812.22, up 4.93 points or 0.13%. South Korea’s KOSPI Index also finished in green at 3,314.53, up 54.48 points or 1.67%. Japan’s Nikkei 225 Index ended the day at 43,765, rising 305.71 points or 0.70%. At 5:04 p.m. IST, the US Dow Jones Futures were trading lower, down -59.21 points or -0.13%, at 45,652.14.
Trade Setup Summary
The Nifty 50 opened on a positive note at 24,991.00 on Wednesday and ended the day in the green above the 24,950 level at 24,973.10. A break below 24,961 could trigger further selling towards 24,914, while breaking the next resistance level of 25,033 could trigger bullishness towards the 25,083 level.
Bank Nifty started the session on a positive note at 54,554.75 and ended the session in the green at 54,536.00, above the 54,500 level. A break below 54,511 could trigger further selling towards 54,296, while breaking the next resistance level of 54,666 could trigger bullishness towards the 54,998 level.
Sensex also opened on a positive note at 81,504.36 and ended in the green at 81,425.15, above the 81,400 level. A break below 81,231 could trigger further selling towards 80,773, while breaking the next resistance level of 81,644 could lead towards the 82,226 level.
Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these critical levels. Additionally, traders can combine moving averages to identify more accurate entry and exit points.
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