Daily Market Quote 02 September 2026

Authored By Prime Research | Published at: Sep 2, 2026 04:19 PM IST

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A small green candle was formed on the daily chart with minor lower shadow, and the opening downside gap has been filled partially. Technically, this market action signals minor buying at the lower support of 23800 (previous opening upside gap of 27^th July), but still there is no confirmation of any bottom reversal in the market.

The overall trend of Nifty remains weak. The ongoing bearish pattern like lower tops and bottoms signal sell on rise opportunity on any pullback from here. Hence, any bounce back from here could find strong overhead resistance around 24100-24200 levels. However, further weakness below 23800 could drag Nifty down to the next important support of 23600 in the near term.

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