Stock Market Today: Nifty 50, Sensex Likely to Open Lower; Key Levels to Watch on September 15
Indian stock market today: Nifty 50 and Sensex may open lower on Sept 15 as Gift Nifty signals a weak start. Key resistance and support levels for Sensex, Nifty, and Bank Nifty explained.
Indian stock market: Sensex and Nifty 50 are expected to open lower today, with Gift Nifty trading at a discount, signaling cautious trade on September 15.
The Indian stock market will likely open on Monday on a weak note, tracking mixed global cues. Gift Nifty trends whereby it was trading at 25,167-approximately 38 points below the previous close of Nifty futures-are hinting towards a cautious start for the benchmark indices, Sensex and Nifty 50.
Friday saw a positive market session. Sensex gained 355.97 points (0.44%) to close at 81,904.70, whereas Nifty 50 gained 108.50 points (0.43%) to end at 25,114.00.
Sensex Outlook
A bullish candle on the Sensex has been formed on the weekly chart; it has higher bottom formations on daily and intraday charts.
- Resistance: 82,200–82,300; any breakout will take the index to 82,500–83,300.
- Support: 81,200–81,000; a breakdown will test 80,500.
Experts say that as long as the Sensex is above 81,800, the bullish mood is likely to continue.
Nifty 50 Outlook
The Nifty 50 broke a symmetrical triangle pattern on the weekly chart, suggesting further upward movement.
On the options side, the highest maximum Call OI is at 25,200 & 25,300, while the highest maximum Put OI is at 25,000 & 25,100; this implies an immediate trading range of 24,900–25,300.
- Resistance: 25,250–25,350; a breach could take Nifty toward 25,500.
- Support: 24,950–24,850; more weakness may drag it down to 24,400–24,500.
Analysts suggest buy on dips as Nifty trades above critical moving averages and momentum indicators show bullish crossover.
Bank Nifty Outlook
- Bank Nifty closed at 54,809.30, gaining 139.70 points (0.26%) on Friday.
- The formation of a bullish candle on the weekly chart gave strength to the index.
- Resistance: 54,900–55,000; a breakout could take this higher toward 55,500.
- Support: 54,500–54,400; holding above this keeps the index steady.
- Analysts suggest buy on dips as RSI and MACD indicate improving momentum.
Market Strategy for Traders
- Nifty: Buy on declines with stop loss near 24,900; Target 25,350–25,500.
- Sensex: Watch out for break above 82,300 for fresh upside.
- Bank Nifty: Continue Long as long it sustains above 54,500.
