Indian equities extended their losing streak on September 3, 2026, with the Nifty slipping for the fourth straight session despite a positive start. According to market reports, the Sensex fell 417 points to 76,152, while the Nifty lost 41 points to settle at 23,873. Softer crude prices and firm global cues lifted the index above 24,000 in early trade, but profit-taking and selling pressure dragged it below 23,900 during the Closing Auction Session. Broader markets outperformed with midcaps rising 0.37% and smallcaps advancing 1.2%. Sectorally, Realty surged 2.5% and Media gained 1.7%, while Auto, FMCG, IT, and Pharma slipped 0.5% each. Over 180 stocks hit fresh 52-week highs, reflecting strong momentum in select pockets.
Market expert Raja Venkatraman from NeoTrader has recommended three stocks for trading on September 4, 2026. The recommendations include ANANTRAJ (CMP ₹628.30), POLICYBZR (CMP ₹1870), and OBEROIRLTY (CMP ₹1902). According to Venkatraman's technical analysis, these stocks show strong accumulation patterns and are positioned for potential upward movements. The recommendations come with specific buy levels, stop losses, and target prices spanning 2-month periods. As per Venkatraman's latest analysis, the current scenario has been muted with Nifty struggling to remain above 23,950, which serves as both immediate resistance for bullish revival and the maximum pain point that continues to halt progress.
ANANTRAJ is a prominent real estate and infrastructure development company with a P/E ratio of 89.71 and 52-week high of ₹2276.75. As reported by Venkatraman, the stock has been making a slow and steady upward trajectory since May 2026, with prices taking support at Kijun Sen lines. The Relative Strength Index is firmly inching higher, indicating potential for strong upward movement. The recommended buy level is above ₹630 with a stop loss at ₹605 and target price of ₹690 within 2 months.
POLICYBZR is India's largest online insurance aggregator with a P/E ratio of 193.19 and 52-week high of ₹1963. According to Venkatraman's analysis, the stock has shown a recent surge after Q1 numbers and is trading above cloud resistance. The recommended buy level is above ₹1875 with a stop loss at ₹1775 and target price of ₹2050 within 2 months. OBEROIRLTY is a leading real estate development company with a P/E ratio of 31.95 and 52-week high of ₹1985. The stock has shown strong consolidation with momentum building from technical indicators, with recommended buy level above ₹1905 and target price of ₹2075 within 2 months.
According to Venkatraman's analysis, the Nifty has been weaker compared to other indices and sustained bearish pressure indicates downward bias. The Nifty Bank index closed at 57,380.60, posting a modest gain of 0.36% after testing highs near 57,753.60. Technical charts suggest resistance near 24,000 with support around 23,850–23,730, keeping near-term bias cautious. The RSI currently stands at 48.37 with moving average around 50, signalling neutral momentum. As indices are not showing much enthusiasm to rise, Venkatraman recommends focusing on stock-specific action rather than broad market participation. With the Open Interest data clearly indicating a hurdle at higher levels, traders should track a 30-minute range breakout on Friday and above this level for creating long positions.
