Nifty Prediction for Tuesday | Monthly Expiry Analysis
The Indian stock market ended flat with a slight negative bias on Monday, September 29, 2025. The Nifty closed at 24,634.90 (-0.08%) and the Sensex at 80,364.94 (-0.08%), marking the seventh consecutive losing session.
Investors remained cautious ahead of the RBI Monetary Policy Committee (MPC) decision, scheduled for October 1, 2025.
NSE Market Highlights – September 29, 2025
- The Nifty 50 closed slightly lower at 24,634.90, down 19.80 points or 0.08%, marking the seventh consecutive session of decline for the index.
- The BSE Sensex ended marginally lower by 61.52 points or 0.07% at 80,364.94, reflecting cautious investor sentiment ahead of the upcoming RBI Monetary Policy Committee (MPC) meeting.
- Sectoral Performance: PSU Banks, Oil & Gas, and Realty indices closed higher, while Media, Private Banks, Consumer Durables, and Auto sectors ended in the red.
- Market Breadth: Out of the total 3168 NSE-listed stocks, 1,497 advanced while 1,578 declined, indicating broad-based selling pressure. 93 stocks remain unchanged.
- Notable Movers: Key gainers included Titan, SBI, and Hindalco, whereas major laggards were Maruti Suzuki, Axis Bank, and Dr. Reddy’s Laboratories.
Technical Analysis for Tuesday: 30-09-2025
- Intraday View: If Nifty sustains above 24,700, an intraday bounce towards 24,850 is possible.
- Sustaining above 24,800 could trigger further upside towards 24,920.
- On the downside, immediate support exists at 24,600 and 24,520.
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Intraday Support & Resistance Levels
| Levels | Value |
|---|---|
| Support 1 | 24,600 |
| Support 2 | 24,520 |
| Resistance 1 | 24,850 |
| Resistance 2 | 24,920 |
| Resistance 3 | 25,020–25,050 |
Option Chain Data Analysis
- Put Open Interest (OI): Highest at 24,000, showing strong base support. Significant OI also at 24,500 and 24,600.
- Call Open Interest (OI): Highest at 25,000, indicating a major resistance level. Strong resistance also seen at 24,800.
Market Sentiment Indicators
- India VIX: 11.37
- India VIX measures expected volatility. A level near 11 shows low volatility and a stable market outlook. However, such low VIX levels can also mean complacency, which may lead to sudden sharp moves if surprises emerge.
- PCR (Put-Call Ratio): 0.61
- A PCR below 1 reflects more call writing than put writing, indicating a cautious or bearish undertone. Traders are building more short positions, signaling limited bullish conviction.
RBI Policy Outlook – Rate Cut Scenario
If the RBI announces a rate cut on October 1:
- Positive Impact: Banking, Realty, and Auto sectors may rally due to lower borrowing costs.
- Market Reaction: Nifty could attempt a breakout above 25,000 in the short term.
- Risk Factors: Global economic developments, inflation, and FII flows could restrict gains even if a rate cut is delivered.
Global Cues
Global factors such as US bond yields, oil prices, and trade negotiations will remain important triggers for intraday moves. Traders should stay updated with global and domestic news flow before taking aggressive positions.
Outlook for Tuesday, September 30, 2025
The Nifty is expected to remain volatile with a cautiously positive bias. Sustaining above 24,700 may push it towards 24,850–24,920, while strong resistance lies at 25,000–25,050. On the downside, 24,600 and 24,520 are immediate support levels.
🔔 Disclaimer
This analysis is meant for educational purposes only and should not be treated as investment advice. Trading and investing in equities carry risks. Please consult your financial advisor before making any decisions.
