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Below the Quote on Post-market comment 12 June 2025 by Hardik Matalia, Derivative Analyst, Choice Broking 

Indian benchmark indices are expected to open on a flat note, as suggested by the GIFT Nifty, which indicates an upside of approximately 36 points for the Nifty 50. However, market sentiment remains mildly indecisive, particularly following the cautious close observed in the previous trading session.

In the last session, the Nifty 50 opened flat and traded within a narrow range of 25,222 to 25,081 before closing near its opening level. This price action led to the formation of a Doji candle on the daily chart, reflecting indecision in the market. A sustained move above the 25,235 mark could reignite bullish momentum, potentially pushing the index toward the 25,300–25,500 zone. On the downside, immediate support is seen at 25,063 and 25,000, which may serve as attractive accumulation zones if tested.

The Bank Nifty displayed relative weakness, declining by 169 points and forming a bearish candle, indicating continued selling pressure. A decisive breakdown below the key support level of 56,400 could open the door for further downside towards 56,000 and 55,800. Conversely, if the index holds above the support zone and sustains bullish momentum, fresh buying opportunities may emerge. Immediate resistance is placed at 56,800 and 57,000, and a breakout above this range could drive the index toward the 57,500 level.

On the institutional activity front, Foreign Institutional Investors (FIIs) sold equities worth ?446 crore on June 11, while Domestic Institutional Investors (DIIs) were net buyers, purchasing equities worth ?282 crore on the same day.

Given the prevailing environment marked by uncertainty and elevated volatility, traders are advised to adopt a cautious "buy on dips" strategy, particularly while dealing with leveraged positions. Booking partial profits on rallies and employing tight trailing stop-losses is recommended to manage risk effectively. Fresh long positions should be considered only if the Nifty sustains above the 25,235 level. Overall, while the broader sentiment remains cautiously bullish, traders should remain vigilant and closely monitor key technical levels along with evolving global cues.

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