The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to extend losses for the fifth consecutive session and open lower on Thursday, tracking weakness in global markets.<\/p>\n
The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 25,071 level, a discount of nearly 40 points from the Nifty futures\u2019 previous close.<\/p>\n
On Wednesday, the equity market indices extended losses for the fourth consecutive session, with the Nifty 50 closing below 25,100 level.<\/p>\n
The Sensex<\/a> dropped 386.47 points, or 0.47%, to close at 81,715.63, while the Nifty 50 settled 112.60 points, or 0.45%, lower at 25,056.90.<\/p>\n Here\u2019s what to expect from Sensex, Nifty 50, and Bank Nifty today:<\/p>\n Sensex Prediction<\/p>\n Sensex is holding a lower top formation on intraday charts, and on daily charts, it has formed a bearish candle, which is largely negative.<\/p>\n \u201cWe are of the view that the intraday market texture is weak, but a fresh selloff is possible only after the dismissal of the 81,500 level. Below this, Sensex<\/a> could slip to 81,200 – 81,000. On the flip side, above 82,000, the pullback move could extend up to 82,300 – 82,500. The intraday market texture is volatile; hence, level-based trading would be the ideal strategy for day traders,\u201d said Shrikant Chouhan, Head Equity Research, Kotak Securities.<\/p>\n Also Read | Indian stock market: 8 key things that changed for market overnight<\/a><\/p>\n Mayank Jain, Market Analyst, Share.Market said that the immediate resistance for Sensex is seen at 82,000 \u2013 82,100, and a convincing move above this may propel the index toward 82,500.<\/p>\n \u201cOn the downside, support lies at 81,200 \u2013 81,000. Breaching this zone could bring 80,500 as the next test for market sentiment,\u201d Jain said.<\/p>\n Nifty OI Data<\/p>\n Derivatives positioning reflects a cautious undertone, with call writers continuing to outpace put writers.<\/p>\n \u201cFresh Nifty open interest (OI) addition of 1.12 crore contracts at the 25,500 strike has established this level as a formidable resistance ceiling. Conversely, significant Put OI of 1.14 crore contracts at 25,000 reinforces this band as immediate support. The concurrent buildup of positions on both sides at near-the-money strikes underscores the prevailing indecision, hinting at a likely range-bound phase,\u201d said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.<\/p>\n The Put-Call Ratio (PCR) eased to 0.78 from 0.86, tilting sentiment slightly bearish and indicating sellers still maintain an edge.<\/p>\n Nifty 50 Prediction<\/p>\n Nifty 50 formed a bearish candle with a lower high and lower low on the daily chart, indicating continued profit booking.<\/p>\n \u201cA reasonable bear candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates weakness in the market with volatility. Though, Nifty 50 placed at the lows of 4 days decline, still there is no indication of any reversal pattern forming at the lows,\u201d said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.<\/p>\n According to him, the short-term trend of the market continues to be negative. Nifty 50<\/a> is now sliding down to the crucial lower support of 24,900 levels as per weekly chart. Immediate resistance is placed at 25,150.<\/p>\n Also Read | Stock market today: Eight stocks to buy or sell on Thursday\u201425 September 2025<\/a><\/p>\n Nilesh Jain, Head \u2013 Technical and Derivatives Research Analyst (Equity Research), Centrum Broking Ltd. noted that the Nifty 50 has now completed a 38.2% Fibonacci retracement of the rally from 24,404 to the recent peak of 25,448, with the key level around 25,050.<\/p>\n \u201cA decisive move below this level could open the door for further downside towards 24,920, which coincides with the 50-day and 100-day moving averages, as well as the 50% retracement of the recent uptrend. Despite the ongoing weakness, the broader structure remains positive as long as Nifty 50 holds above 24,900. On the upside, a breakout above 25,150 would invalidate the current bearish setup and may trigger a short-covering rally towards 25,300,\u201d said Jain.<\/p>\n Mayank Jain said that the immediate resistance for Nifty 50 is at 25,200 \u2013 25,250, and a decisive break above this level may lift the index toward 25,350. Strong support is placed at 25,000 \u2013 24,950, and if this zone breaks, then maybe 24,800 will act as the support.<\/p>\n Bank Nifty Prediction<\/p>\n Bank Nifty slipped 388.25 points, or 0.70%, to close at 55,121.50 on Wednesday, forming a bearish candle, with the day\u2019s high remaining much lower than the previous session\u2019s high, reflecting a slight loss of positive momentum.<\/p>\n \u201cBank Nifty has closed below the 23.6% Fibonacci retracement at 55,270 and is now about to test the 38.2% retracement. Slipping below this level may drag the index further towards the 50% retracement near the 54,700 zone. On the higher side, 55,500 has become immediate resistance, and only a decisive close above this mark would alleviate the current pressure. On the hourly timeframe, Nifty Bank is consolidating around 55,100, with repeated rejections near the 55,300 levels,\u201d said Om Mehra, Technical Research Analyst, SAMCO Securities.<\/p>\n