Pre-Market Outlook – 04.09.2025

GST Glow Sparks Momentum – Nifty rides GST glow, holding 24,700 with eyes on 24,850 breakout.

Thank you for reading this post, don't forget to subscribe!

India’s equity markets are poised for a higher opening, bolstered by significant reform announcements from the current GST meeting outcome. The activities for the rest of the day rely on the impact of the final results from the GST meeting.

The possible surpassing of 24850 could occur on Nifty in the opening on historic reform announcements under GST. If the index sustains above the 24850 level for the initial 15 to 30 minutes, room for inching towards 25000 may rise, for the remaining day. A minor pullback may be anticipated around there to attract more buying. On the support front, 24700 followed by 24600 would act.

If the Nifty surpasses 25150 or closes above 24850, it could drive it towards 25300 to 24500 levels in a positional sense with 24400 providing support at the bottom in case of any retracements.

Traders are advised to remain focused on building longs with a Buy-On-Dips approach.

Sectors such as Auto, Metal, Bank, Financial Services, Consumer Goods, and Realty are anticipated to significantly influence the markets today.

Equities like Tata Steel, Jindal Steel & Power, BHEL, Force Motors, Redington, and GHV Infra Projects may provide major trading possibilities for day traders.

Traders are advised to keep strict stop loss on each trade.

Wishing everyone a fortune day!

*gwcindia.in/disclaimer/