Nifty index opened on a flattish note around the 24,620 zone, but the bulls took charge right from the opening tick, maintaining momentum throughout the session. Supported by the RBI policy outcome, a wave of short covering further fueled the rally, enabling the index to break its nine-day losing streak. Nifty smoothly crossed and held above key hurdles of 24,750-24,800, eventually forming a large bullish candle on the daily chart.
This move negated the sequence of lower highs and lower lows seen over the past nine sessions, with the index closing the day with strong gains of 225 points. Now, it needs to hold above the 24,750 zone for an upward move towards 25,000, then 25,100 zones. On the downside, support is shifting higher to 24,750, then 24,600 levels.
**Option Front**
Maximum Call Open Interest (OI) is seen at 25,000 followed by 24,900 strike, while Maximum Put OI is at 24,600 and 24,700 strike. Call writing is observed at 24,950 and 25,000 strikes, whereas Put writing is seen at 24,700 and 24,600 strikes. Option data suggests a broader trading range between 24,300 and 25,300 zones, with an immediate range between 24,600 and 25,100 levels.
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S&P BSE Sensex opened on a steady note around the 81,170 zone. Bulls awakened early and seized control from the start, keeping momentum strong throughout the session. The RBI policy announcement acted as a trigger for short covering, propelling the rally and ending the recent losing streak.
The index comfortably crossed and sustained above critical hurdles of 80,500 and 81,000, eventually forming a large bullish candle on the daily chart. This rebound negated the recent sequence of lower highs and lower lows, with Sensex closing robustly, up nearly 700 points.
Going forward, it must hold above the 80,600 zone to target 81,200 and then 81,500 levels. Support is shifting higher at 80,600 and 80,300 levels on the downside.
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Bank Nifty opened on a flattish note but witnessed strong buying momentum following the RBI monetary policy outcome. The index extended momentum toward the 55,400 zone later in the session. It formed a large bullish candle on the daily scale, driven by strong buying across private banks, and closed with decent gains of around 700 points near 55,350.
The rate-sensitive index is now above its 50-day exponential moving average (DEMA) and is outperforming the broader market. It needs to hold above the 55,000 zone for an upward move toward 55,750 and then 56,000, with support seen at 55,000 and 54,750 levels on the downside.
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**Nifty Futures**
Nifty futures closed positive with gains of 0.83% at 24,982 levels. Stocks showing a positive setup include Shriram Finance, Piramal Pharma, LTF, Nykaa, SRF, Sun Pharma, APL Apollo, GMR Airport, AB Capital, and ONGC. On the other hand, weakness was observed in Delhivery, Cummins India, AU Bank, Bajaj Auto, Tata Steel, Max Health, Infosys, Tata Elxsi, Petronet, and Ultratech Cement.
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### SWSOLAR – Technical Call of the Day
SWSOLAR has been trading sideways since early August but witnessed a downward trajectory from the last week of September. However, it has respected its April lows and managed to close above those levels, as highlighted by the trend line in the chart.
In the past two sessions, volumes have picked up, supported by positive RSI divergence visible on daily charts. This reflects a strong bounce back from oversold zones. With a healthy order book, the risk-reward setup looks favorable for SWSOLAR.
**Trade Setup:**
**BUY** SWSOLAR
Current Market Price (CMP): 244.95
Stop Loss (SL): 223.25
Target (TGT): 270.70
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### Top 5 Stocks to Watch Out For – 3rd Oct 2025
**Lemon Tree Hotels:**
Lemon Tree Hotels announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Haridwar. The property features 52 well-appointed rooms, a restaurant, conference hall, and recreational facilities including a fitness center. This signing expands the company’s leisure portfolio in Uttarakhand, where they currently have 8 operational and 9 upcoming properties.
**KRBL:**
KRBL emerged as the successful bidder in the e-auction conducted by the Justice (Retd.) R.M. Lodha Committee for the sale of immovable properties situated in Panipat, Haryana. The total reserve price was Rs 104 crore, but KRBL made a final bid of Rs 402 crore. The acquisition aims to set up a plant, carry out warehousing and allied activities, or partially monetize the land.
**Zydus Lifesciences:**
Zydus Lifesciences’ wholly owned subsidiary, Sentynl Therapeutics, Inc., announced that the USFDA has issued a Complete Response Letter (CRL) regarding its New Drug Application (NDA) for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients. The CRL relates mainly to clarification on the CGMP inspection of Zydus’ manufacturing site. Zydus has submitted compliance responses and is awaiting the inspection report, with plans to meet the USFDA for resubmission discussions. Importantly, no safety or efficacy concerns were raised for the drug.
**Unimech Aerospace:**
The company shared its Q2FY26 business update, reporting a revenue slowdown with Q2 expected to be marginally lower than Q1. The decline is primarily due to U.S. tariffs impacting export realizations. Customers are delaying order pick-ups while monitoring the tariff situation, putting pressure on quarterly profits. Given these headwinds, achieving full-year FY26 revenue guidance may be challenging.
**Maruti Suzuki:**
Maruti Suzuki sold 1,89,665 units in September 2025, aligning with estimates. Exports hit a record 42,204 units, up 52% YoY, although domestic sales declined by 6.3%. Production rose 26% YoY to 2.01 lakh units, driven by strong passenger vehicle output. The company highlighted record festive demand, with 1,65,000 deliveries in the first eight days of Navratri and daily bookings up 50% following recent price cuts. Exports in H1FY26 crossed 2.1 lakh units, including over 6,000 EVs shipped in August–September.
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*Images referenced in the original report are available in the file archive.*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-october-3