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Below the Quote On Pre- market comment by Mandar Bhojane, Research Analyst, Choice Broking

The Indian equity markets are poised for a weak opening on March 4, with GIFT Nifty indicating a 170-point decline for Nifty. Global cues remain subdued, and market sentiment is cautious as investors await key economic data and institutional activity. Sensex and Nifty are likely to open in the red, and volatility may persist throughout the session. Traders should adopt a wait-and-watch approach, as the market is currently trading near crucial support zones. 

Nifty has immediate support at 22,000, followed by 21,850 and 21,600, while resistance is placed at 22,500, 22,600, and 22,800. A breakdown below 22,000 could accelerate selling pressure toward 21,800, whereas a recovery above 22,500 might trigger a relief rally. The index remains in a sideways to bearish phase, and a decisive breakout is required for a trend reversal. Until then, the market is likely to trade under pressure with limited upside potential. 

Bank Nifty is also at a crucial juncture, with support at 47,800, followed by 47,300 and 46,900, while resistance stands at 48,800, 49,000, and 49,200. A fall below 47,800 may lead to further weakness, whereas a move above 48,800 could push the index toward higher levels. Financial stocks will play a key role in determining the direction, and traders should keep an eye on FII and DII activity, as institutional flows remain a major driving force. 

With global uncertainty, rising bond yields, and geopolitical tensions, traders should be cautious and focus on key levels for intraday opportunities. Sectors like IT and FMCG may show relative strength, while banking and metals could remain under pressure. Until a clear breakout or breakdown occurs, the market is expected to stay range-bound with a downward bias.

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