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Below the Quote on Pre-Market Comment by Hardik Matalia, Derivative analyst, Choice Broking Ltd

The benchmark Sensex and Nifty indices are expected to open negative on Oct 03, following GIFT Nifty trends indicating a loss of 245 points for the broader index.

After a negative opening, Nifty can find support at 25,550 followed by 25,500 and 25,400. On the higher side, 25,800 can be an immediate resistance, followed by 25,850 and 25,900.

The charts of Bank Nifty indicate that it may get support at 52,500, followed by 52,300 and 52,000. If the index advances further, 52,900 would be the initial key resistance, followed by 53,000 and 53,200.

The foreign institutional investors (FIIs) extended their selling as they sold equities worth Rs 5,579 crore on October 1, while domestic institutional investors extended their buying as they bought equities worth Rs 4,609 crore on the same day.

INDIAVIX was negative on Tuesday down by 6.26% and is currently trading at 11.9875.

On Tuesday, the Indian markets experienced a volatile trading session, with consistent selling pressure dragging the indices lower for the third consecutive day. The benchmarks closed below the critical 25,800 mark, reflecting cautious investor sentiment amid global economic uncertainties and domestic challenges, raising concerns about potential further downside. Global markets showed mixed sentiment, with some closing higher while others remained flat. Looking ahead, key resistance levels are identified at 25,850 and 26,900. For the market to sustain a bullish outlook, it must hold above the 26,000 level. On the downside, immediate support is at 25,700, followed by 25,500. A break below these levels could trigger additional selling of 300-500 points. Traders with long positions are advised to book profits near resistance zones and wait for dips to re-enter buying positions.

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