Exclusive Technical Analysis of the Market by Nagaraj Shetti
Senior Technical Research Analyst, HDFC Securities
🔔 Nifty Market Update – 3 September 2025
After a strong bounce from the 24,300 support zone on Monday, the Nifty slipped into weakness on Tuesday amidst high intraday volatility and closed on a softer note. The daily chart pattern formed a small red candle with a long upper shadow, reflecting selling pressure emerging near the immediate hurdle of 24,700 levels.
Despite the decline, the short-term uptrend remains intact. Key lower supports are placed at 24,300–24,200, and dips towards these zones are expected to act as buying opportunities in the next 1–2 sessions. On the higher side, a decisive move above 24,750 could trigger fresh short covering and open the path for further upside momentum.
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