Opening Bell 03 Sept 2025: Nifty & Bank Nifty Technical Outlook, Sector Trends & Intraday Stock Picks
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian Stock Market Opening Bell 03 Sept 2025 – Nifty, Bank Nifty support & resistance, sector trends, intraday picks, and global market cues. Read the full technical analysis.
Opening Bell 03 Sept 2025: Nifty, Bank Nifty Outlook, Sector Trends & Intraday Picks
Market Recap – 02 September 2025
The Indian equity market witnessed a volatile trading session on 2nd September. Nifty opened at 24,653 and slipped gradually to close at 24,579.60, registering a decline of around 74 points. Bank Nifty too faced heavy selling pressure, opening at 54,038.25 but settling at 53,661.00, marking a fall of nearly 377 points.
The Sensex also mirrored the broader market weakness, closing at 80,157.88, while the Financial Nifty ended at 25,572.95 after opening at 25,774.95. The selling was largely led by pressure in banking, energy, and IT counters.
Our yesterday’s analysis played out well as Nifty dropped nearly 200 points from resistance zones, confirming bearish undertones in the short term.
Opening Bell – 03 September 2025
Key Market Levels to Watch
- Nifty 50: Closed 24,579.60 | Opened 24,616.50
- Resistance: 24,700 zone
- Support: 24,400–24,350
- Strategy: Sell on rise remains favorable
- Bank Nifty: Closed 53,661.00 | Opened 53,630.75
- Resistance: 54,000
- Support: 53,500 → Breakdown below this could trigger further weakness
- Strategy: Watch for breakdown trades near 53,500
- Sensex: Closed 80,157.88 | Opened 80,295.99
- Fin Nifty: Closed 25,572.95 | Opened 25,562.30
Global Cues
- Wall Street Overnight: U.S. indices ended mixed as investors weighed inflation data against expectations of delayed Fed rate cuts. Nasdaq slipped on profit booking in tech, while Dow Jones held flat.
- Asian Markets: Mixed trade in early session; Nikkei flat, Hang Seng marginally higher, Shanghai under pressure due to weak factory output data.
- Oil & Commodities: Brent crude remains steady around $79–80/barrel. Gold is stable near $2,445/oz, signaling safe-haven demand amid geopolitical uncertainties.
- Currency: INR trades stable against USD around 83.05, while DXY remains firm at 103.8.
Domestic Triggers
- GST Council Meet Today: Markets may remain cautious ahead of key announcements on tax rate rationalization. A cut in GST for cement and insurance could trigger fresh sectoral rallies.
- Reliance AGM Aftermath: Investors digest takeaways from Reliance Industries’ AGM, with special focus on new energy & telecom updates.
- FII/DII Flow: FII selling continues but domestic institutional investors (DII) are providing support. The tug-of-war between the two is keeping volatility high.
Sector-Wise Outlook
1. FMCG 🛒
Defensive stocks like Hindustan Unilever, ITC, and Dabur remain in focus. With GST rationalization talks, FMCG may see fresh momentum.
2. Energy ⚡
Reliance and ONGC remain key movers. Reliance AGM updates will decide sector momentum. ONGC is showing strong support near ₹258.
3. Metals ⛓️
Global metal cues remain weak. Hindalco, Tata Steel, and JSW Steel under pressure. Selling may persist until China data improves.
4. Automobiles 🚗
Auto index continues to hold relatively strong. Maruti Suzuki, Hero MotoCorp, and Tata Motors show resilience. Watch for bullish continuation above key resistances.
5. Utilities & Power 🔋
Power Grid, NTPC, and Adani Power may stay in focus as energy demand outlook improves.
6. Financials & Banking 🏦
Heavyweight banks (HDFC Bank, ICICI Bank, Axis Bank) continue to drag Bank Nifty. Support at 53,500 is crucial; breach could open doors to 53,000.
Intraday Stock Picks – 03 Sept 2025
1. Coforge
- CMP: ₹1,745
- Setup: Positive momentum in IT with strong order book visibility.
- Intraday View: Buy above ₹1,750 → Target ₹1,800 | SL ₹1,728
2. Blue Star
- CMP: ₹1,943
- Setup: Industrial demand strong, technical breakout on daily charts.
- Intraday View: Buy above ₹1,945 → Target ₹2,100 | SL ₹1,910
3. Hero MotoCorp
- CMP: ₹5,274
- Setup: Auto sector strength, volume expansion.
- Intraday View: Buy above ₹5,280 → Target ₹5,420 | SL ₹5,250
4. Tata Motors
- CMP: ₹685
- Setup: Strong retail sales data; holding support.
- Intraday View: Buy above ₹685 → Target ₹725 | SL ₹660
5. Reliance Industries
- CMP: ₹1,368
- Setup: Post-AGM volatility; opportunity for intraday traders.
- Intraday View: Sell below ₹1,350 → Target ₹1,300 | SL ₹1,365
Technical View: Chart Patterns
- Nifty: Yesterday’s 200-point drop validates a bearish bias. Now, immediate resistance lies at 24,700. If Nifty sustains below 24,400, expect further selling towards 24,200.
- Bank Nifty: Trading in a tight range. Breakdown below 53,500 could accelerate selling pressure. Resistance capped at 54,000.
- Fin Nifty: Range-bound; support at 25,500. Break below may drag index lower.
Trading Strategy – 03 Sept 2025
📌 For Nifty:
- Sell on rise remains best strategy near 24,650–24,700 with SL 24,800.
- Targets: 24,400 → 24,200.
📌 For Bank Nifty:
- Sell near resistance 54,000 with SL 54,200.
- Targets: 53,500 → 53,200.
📌 Sector Rotation:
- Positive: FMCG, Auto, Select Industrials
- Weak: Banking, Metals, Energy
Final Word
The Opening Bell 03 Sept 2025 signals a cautious day ahead for Indian equities. With the GST Council meeting and Reliance AGM cues in play, volatility will remain high. Nifty and Bank Nifty are both under pressure, with traders advised to adopt a sell on rise strategy while focusing on sector-specific opportunities. Defensive and auto names remain preferable for stability, while banking and energy stocks may continue to weigh on indices.
Staying disciplined with strict stop-loss levels and aligning trades with sector momentum will be key to navigating today’s session effectively.al bias.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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