The benchmark indices remained in negative territory for the fourth straight day despite opening on a positive note, with the Nifty 50 closing 0.17 percent lower on September 3. However, market breadth turned positive, with 1,985 advancing shares against 1,249 declining shares on the NSE. According to reports from Choice Broking, the market may continue to remain in consolidation, with a 'sell-on-rally' strategy likely to prevail. Technical analysts are recommending selective buying opportunities across various sectors.
Oberoi Realty is showing improving stability after taking support near the 50-day EMA zone and bouncing back, indicating renewed buying interest at lower levels. As reported by Choice Broking, the stock is trading at ₹1,902 with a healthy higher high–higher low formation following accumulation from lower levels. The setup favours fresh buying around the current market price with ₹1,790 as the key risk-control level and ₹2,100 as the potential upside objective. Similarly, Phoenix Mills is currently trading near the retest zone of a long-term triangular consolidation pattern, with the stock breaking out of its recent range between ₹1,810 and ₹1,920–1,950 on above-average volume.
LIC Housing Finance is showing improving strength after a decisive breakout from a sideways range, trading at ₹554 with rising volumes supporting increased buying participation. According to JM Financial Services, the breakout is supported by a sharp RSI surge from lower levels, signalling strengthening momentum. The stock has a target of ₹610 with a stop-loss at ₹524. Aster DM Quality Care is showing renewed bullish strength after a decisive range breakout, trading at ₹787 and now above all key EMAs. The setup favours fresh buying with ₹744 as the key risk-control level and ₹860 as the potential upside objective.
Tata Capital has remained in an uptrend since the June 2026 low and given a breakout above the January 20, 2026 high of ₹367, currently consolidating near its breakout zone. As reported by Samco Securities, the stock is trading above all key moving averages with targets of ₹393 and ₹405 and a stop-loss at ₹360. Mahindra and Mahindra Financial Services has formed a Morning Star pattern near the ₹360 support zone, delivering a strong green candle with a target of ₹395 and stop-loss at ₹362.
Navin Fluorine International continues to maintain its primary uptrend with the stock forming a consistent sequence of higher highs near ₹8,697 and trading near its all-time high. According to Samco Securities, the chemical sector trend continues to support the setup with a target of ₹9,200 and stop-loss at ₹8,400. Data Patterns has been consolidating in the ₹4,400–4,800 zone following a strong prior advance, with the stock attempting to stabilise above its 20-day SMA at ₹4,540. The defence sector focus continues to provide additional support with a target of ₹4,900 and stop-loss at ₹4,380.
