Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 4 September

The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open in green on Friday, 4 September, tracking global cues.

The Gift Nifty trends also indicated a positive start for the Indian benchmark index. The Gift Nifty was trading at around 24,051, a 50.9-point premium to the Nifty futures’ previous close.

The domestic equity indices ended lower in the previous session, with the benchmark Nifty 50 closing below 23,900.

The Sensex declined 417.49 points, or 0.55%, to close at 76,152.86, while the Nifty 50 settled 41 points, or 0.17%, lower at 23,873.45.

Here’s what to expect from Sensex, Nifty 50 and Bank Nifty today:

Sensex Prediction

The BSE Sensex closed at 76,152.86 on Friday, falling 417.49 points, or 0.55%.

Sachin Gupta, VP – Technical Research at Choice Equity Broking, said the broader market outlook remains sideways to bearish, with the Sensex continuing to face pressure below key moving averages.

He noted that holding the 75,500–75,800 support zone will be crucial for stabilisation, while a recovery above 76,650–77,000 could provide some relief and improve the near-term trend. Until the index reclaims this higher resistance zone and momentum indicators show signs of improvement, traders are likely to remain cautious, with selling on rises continuing to dominate the market.

Nifty 50 Prediction

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said the Nifty 50 failed to sustain Thursday’s highs after a reasonable bounce from Wednesday’s lows and ended the session 40 points lower amid lacklustre trading. Although the opening downside gap from Wednesday was completely filled, the index slipped nearly 125 points from the day’s high to close near the lows.

Shetti noted that a long negative candle on the daily chart has erased some of the previous session’s gains, while the underlying trend remains weak amid choppy movements. He said a break below 23,800 could drag the Nifty 50 towards the next support at 23,600, which coincides with the opening upside gap of 15 June. On the upside, 24,100 is likely to act as an immediate resistance.

Hitesh Rathi, Technical Analyst – Equity & Derivatives at Angel One, said a decisive daily close below the 23,800–23,700 support band could trigger further weakness, initially towards the 23,500–23,450 zone in the short term. On the upside, the 24,000–24,050 band, which had acted as an important support zone until recently, is now likely to become an immediate resistance area, followed by a stronger hurdle at 24,150–24,200.

Rathi added that a short-term trend reversal in the Nifty Midcap index also warrants caution in the near term. Given the evolving market setup, he advised participants to remain cautious and avoid aggressive overnight positions until a clear trend reversal is confirmed.

Key Nifty levels to watch:

Support: 23,800–23,700

Resistance: 24,050–24,200

Bank Nifty Prediction

Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities, said Bank Nifty ended Thursday’s session on a positive note. However, the index has remained range-bound over the past 21 trading sessions, oscillating within a band of around 1,254 points, indicating the absence of a clear directional trend.

Shah noted that the current technical setup continues to suggest a consolidation phase, with key momentum indicators and oscillators pointing towards a sideways market structure.

Going ahead, the 57,900–58,000 zone is likely to act as an immediate resistance area for Bank Nifty. On the downside, the 56,900–56,800 zone remains an important support level, he said.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.