Nifty strategy for 04/09/25

Nifty may open around at 24860 with 160 points upside as per SGX NIFTY, Nifty may continued its current rally upto 25080 levels where descending triangle top neckline existing in the nifty. There is no ruled out for profit booking around 24900 levels due to FII'S are still remained net sellers since 8 consecutive session's so that I am expected some profit booking by investors who added positions around at 24300 levels. The nifty may take indications from GST COUNCIL MEET which is held since yesterday I hoped the positive outcome delivered from this meeting which boosting urban and domestic consumptions so market are surging based on this expectations.

Support levels : 24780,24712
Resistance levels : 24860,24950

Stock of the day : NETWEB TECHNOLOGY in this scrip breakout has occurred around at 2490 levels and closed above the upper neckline of the wedge with above average volumes. So I am advise investors add this stock to their portfolios at support levels.

Buy price : 2465-2475
Stop loss : 2360
1st target : 2604
2nd target : 2740

Disclimer : I AM NOT A SEBI RESEARCH ANALYST OR FINANCIAL ADVISOR, these recommendations are only for education purpose, not for trading and investment purpose please take an advise from your financial advisor before investing on my recommendations.

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