NIFTY Analysis 3 SEPTEMBER, 2025 ,Morning update at 9 am

based on the 4-hour timeframe for nifty spot
short covering from oversold zone observed
downside plan
watch 24498. if nifty fails to sustain above 24498, expect a slide to 24390.
below 24390, next major support lies at 24301.
upside plan
sustaining above 24551-52 with bn pattern formation may lead to short covering rally towards 24649.
if momentum continues, higher resistances are at 24681, 24769, 24860.
wait for clear pattern confirmation.
focus on fake levels for directional bias.
scalping opportunities
between 24485 to 24518, expect small bounces.
use quick entry and exit with strict stoploss.
always trail stoploss once first target is achieved.
exit if false breakout occurs or price fails to sustain above level.