Gift Nifty 🔴 Down 0.34% at 24,199.50; support at 24,170–24,100
Nifty 🟡 Support emerging at 24,000; resistance remains at 24,200–24,250
Bagadia noted that Bank Nifty formed a strong bullish candle on the daily chart. The index decisively crossed its 20-day EMA and 50-day EMA and closed above both moving averages.
Gift Nifty was trading at 24,199.50, down 0.34% at 7:14 AM on 1 September 2026, indicating a cautious-to-negative opening for the Indian stock market.
The crude oil price prediction for today remains positive above the MCX pivot of Rs. 8,154. A sustained move above Rs. 8,256 can extend the rally towards Rs. 8,363 and Rs. 8,572.
Gold’s near-term outlook remains cautious, although geopolitical tensions and long-term debasement concerns may provide support at lower levels.
