Nifty index opened on a flattish note around the 24,620 zone, with bulls taking 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 at 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 up move towards 25,000, followed by 25,100 levels. On the downside, support is shifting higher to 24,750 and then 24,600.
**Option Front Analysis:**
– Maximum Call Open Interest (OI) is at 25,000 and 24,900 strikes
– Maximum Put OI is at 24,600 and 24,700 strikes
– Call writing observed at 24,950 and 25,000 strikes
– Put writing noted at 24,700 and 24,600 strikes
Option data suggests a broader trading range between 24,300 to 25,300, with an immediate range between 24,600 and 25,100.
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S&P BSE Sensex opened on a steady note around the 81,170 zone. Bulls 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 key hurdles at 80,500 and 81,000, forming a large bullish candle on the daily chart. This rebound negated the sequence of lower highs and lower lows that had persisted recently. Sensex closed the day with robust gains of nearly 700 points.
The index now needs to hold above the 80,600 zone for an upward move towards 81,200 and then 81,500 levels. On the downside, support is rising to 80,600 and then 80,300.
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**Bank Nifty** opened flat but witnessed strong buying momentum after the RBI monetary policy outcome, extending gains toward the 55,400 zone late in the session. It formed a large bullish candle on the daily scale, with strong buying seen across private banks.
The Bank Nifty closed near 55,350 with decent gains of around 700 points. This rate-sensitive index is now above its 50-day exponential moving average (DEMA) and is relatively outperforming the broader market.
Key levels to watch:
– Support at 55,000 and 54,750
– Upside targets at 55,750 and 56,000
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**Nifty Futures:**
Nifty futures closed positive with gains of 0.83% at 24,982 levels.
Positive setups were seen in stocks like Shriram Finance, Piramal Pharma, LTF, Nykaa, SRF, Sun Pharma, APL Apollo, GMR Airport, AB Capital, and ONGC.
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
The stock has been trading sideways since early August and 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 on the chart.
In the past two sessions, volumes have picked up, supported by positive RSI divergence visible on daily charts, reflecting a strong bounce back from oversold zones. With a healthy order book, the risk-reward ratio looks favorable for SWSOLAR.
**Recommendation:**
– 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 on 3rd October 2025
**Lemon Tree Hotels:**
Lemon Tree Hotels announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Haridwar, featuring 52 well-appointed rooms, a restaurant, conference hall, and recreational facilities including a fitness center. This signing will expand the company’s leisure portfolio in Uttarakhand, where they already have 8 operational and 9 upcoming properties.
**KRBL:**
KRBL has been declared the successful bidder in an e-auction conducted by the Justice (Retd.) R.M. Lodha Committee for immovable properties situated in Panipat, Haryana. The reserve price was Rs 104 crore, while KRBL’s final bid stood at Rs 402 crore. The acquisition aims at setting up a plant, warehousing, allied activities, or partial monetization of land.
**Zydus Lifesciences:**
Zydus Lifesciences’ wholly owned subsidiary Sentynl Therapeutics, Inc. has received a Complete Response Letter (CRL) from the USFDA regarding its New Drug Application (NDA) for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients. The CRL mainly requests clarification on CGMP inspection of Zydus’ manufacturing site. No safety or efficacy issues were raised. The company has submitted compliance responses and is awaiting further updates while planning to meet the USFDA for resubmission discussions.
**Unimech Aerospace:**
In its business update for Q2 FY26, Unimech Aerospace reported a revenue slowdown, with Q2 expected to be marginally lower than Q1 due to US tariffs impacting export realizations. Customers are delaying order pickups while monitoring tariff developments, 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, matching estimates. Exports surged 52% YoY to 42,204 units, hitting a record, while domestic sales fell 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% after recent price cuts. Exports in H1 FY26 crossed 2.1 lakh units, including over 6,000 EVs shipped in August–September.
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*Image Credits: [File Image]*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-october-3
