Gift Nifty 🔴 Down 0.30% at 24,023.50; support at 24,000–23,950 and resistance at 24,075–24,100
Nifty 🔴 Closed 0.17% lower at 23,873.45; support at 23,750–23,800 and resistance at 24,000–24,050
Edelweiss Financial Services is a high-conviction 4–6-week swing candidate, supported by bullish trends across all three timeframes,
Nifty’s RSI stood at 37.11, compared with its average of 45.27, indicating subdued momentum. The index is now approaching its rising trendline support on the daily chart.
Gift Nifty was trading at 24,023.50, down 0.30% at 7:18 AM on 4 September 2026, indicating a weak opening for the Indian stock market.
Bank Nifty may begin with a neutral-to-cautious bias. The index closed below the pivot point of 57,504.93 and also remains below its 20-day, 34-day
SBI closed at Rs. 1,023.40, gaining 0.24%, but its short- and medium-term trends remain bearish. The stock is trading below most major moving averages
MCX Gold closed at Rs. 1,55,775, gaining 0.44%. The short-term and long-term trends remain bullish, while the medium-term trend is bearish.
