The Indian stock market witnessed a sharp upside in the last trading session (Wednesday, 01 October 2025) as the benchmark Nifty 50 index surged past the crucial 24,800 level and closed near its day’s high. With improved market breadth, strong buying sentiment after the RBI policy stance, and supportive derivatives data, the market trend looks positive for the upcoming session on Friday, 03 October 2025.
Let us go through the previous day recap, option chain analysis, and key technical levels to understand the short-term outlook for Nifty.
Previous Day Recap – 01 October 2025
During the Wednesday trading session, Nifty 50 opened flat but soon gained momentum after the Reserve Bank of India’s policy announcement. Buying interest was witnessed across key sectors, helping the index touch an intraday high near 24,868 before finally closing above 24,800 with a strong gain.
Here are the market highlights from the last trading session:
| Particulars | Data |
|---|---|
| Opening Level (Nifty 50) | 24,620.55 |
| Intraday High | 24,867.95 |
| Intraday Low | 24,605.95 |
| Closing Level | 24,836.30 |
| Net Change | +225.20 points |
| % Change | +0.92% |
| Total Stocks Traded | 3,132 |
| Advances | 2,186 |
| Declines | 860 |
| Unchanged | 86 |
| Stocks at 52-Week High | 83 |
| Stocks at 52-Week Low | 84 |
| NSE Market Capitalisation | ₹452.69 lakh crore (USD 5.10 trillion) |
The advance-decline ratio remained strong, showing that market participation was broad-based and not restricted to a handful of large-cap stocks. This indicates healthy undercurrent in the market.
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Technical View – Short-Term Outlook
As highlighted in our earlier prediction, sustaining above the 24,800 mark was crucial for the bulls. On 01 October, the index not only sustained this level but closed decisively above it, thereby strengthening the bullish sentiment.
- The next immediate target for Nifty remains 25,000, which also coincides with the key resistance zone as per derivatives data.
- On the downside, 24,700 continues to act as a strong support level, where fresh buying is expected to emerge in case of any intraday dip.
Thus, the market is currently in a “buy on dip” scenario, and traders should look for opportunities to accumulate on declines rather than chasing momentum at higher levels.
Option Chain Data Analysis
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The latest Nifty option chain data further supports the bullish outlook for Friday’s session.
- The highest Call Open Interest (OI) is concentrated at the 25,000 strike, indicating this will act as a major resistance.
- On the other hand, the highest Put Open Interest (OI) is visible at the 24,700 strike, suggesting strong support at this level.
- The Put Call Ratio (PCR) of 1.24 highlights that put writers are more active than call writers, which generally signals strength in the index and possibility of an upside continuation.
Volatility Index (India VIX)
Another encouraging sign for the bulls is the sharp fall in India VIX, which dropped nearly 7% to settle at 10.29.
- A lower VIX indicates reduced fear and volatility in the market.
- This suggests that traders are expecting a stable to positive move in the near term, rather than sharp swings.
Intraday Levels for 03 October 2025
For Friday’s trading session, these levels will be important to watch:
| Nifty Levels | Value |
|---|---|
| Support 1 | 24,780 |
| Support 2 | 24,700 |
| Resistance 1 | 24,900 |
| Resistance 2 | 25,000 |
A breakout above 24,900 could open the doors for 25,000 and beyond, while any dip towards 24,700 should be considered a buying opportunity with strict risk management.
Outlook for 03 October 2025
- The short-term trend for Nifty remains bullish as long as it trades above 24,700.
- Sustaining above 24,800–24,850 zone on Friday could push the index towards 24,900–25,000 levels.
- Traders should maintain a positive bias and adopt a buy on dips strategy, keeping an eye on both global market cues and domestic developments.
If bulls manage to cross and sustain above 25,000, it will set the stage for the next leg of rally towards 25,200–25,300 in the near term.
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Conclusion
The Indian equity market has entered October on a positive note with a strong closing on Wednesday. With improving breadth, falling volatility, and supportive derivative data, the Nifty is poised for a potential rally towards the 25,000 mark.
Investors and traders should stay cautiously optimistic, follow strict stop-loss levels, and track global cues that may impact sentiment.
Disclaimer
This article is based on technical and derivative data analysis, and is meant for educational and informational purposes only. Stock market investments are subject to market risks. Catchy Capital does not provide any guarantee of profit or return. Readers are advised to consult their financial advisor before making any investment or trading decisions.
