
Pre-Market Outlook – 03.09.2025
Strength Falters on Rejection – Despite a revitalised momentum fueled by the optimism surrounding GST reforms, the behavioral rejection undermines confidence in Indian equities.
Thank you for reading this post, don't forget to subscribe!The highly anticipated GST council meeting to determine tax reductions and slabs is set for two days beginning today.
A careful beginning is expected for th e Indian markets, amid neutral trends in international exchanges, leading up to the major economic event. The trend for the rest of the day could be significantly influenced by the results of the upcoming GST council meeting.
Provided it maintains 24400 as support, the Nifty could aim for a rebound towards the 24700 to 24850 range. On the other hand, the index remaining beneath the specified level may lead to potential declines toward the 24337 to 24200 range.
Traders are encouraged to exercise caution until the final GST outcome is announced.
Sectors such as Consumer Goods, Auto, Realty, Finance, Bank, and Energy are anticipated to propel the markets today.
Day trading prospects can be identified from stocks like TCS, JSW Cement, Lemon Tree Hotels, Adani Power, PNC Infratech, and Borosil Renewables
Traders are recommended to maintain a firm stop loss on each trade.
Wishing everyone a great day!
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