Quote on Pre-Market Comment 01st January 2026 by Amruta Shinde, Technical & Derivative analyst, Choice Broking
Below the Quote on Pre-Market Comment 01st January 2026 by Amruta Shinde, Technical & Derivative analyst, Choice Broking
Indian equity markets are expected to open on a positive note on December 31, with GIFT Nifty indicating an opening near 26,350, around 53 points higher than the previous close. Overall sentiment remains cautiously constructive, supported by improving domestic technicals, despite mixed global cues and the absence of major domestic triggers. Market participants are likely to closely monitor global equity trends, crude oil price movements, and institutional fund flows for incremental directional cues during the session.
The Nifty 50 closed at 26,129, up 190 points, marking a strong bullish session with acceptance at higher levels. The rally reflects sustained buying and improving momentum. A bullish daily candle signals a breakout from consolidation, while the hourly chart shows higher highs and lows. Resistance lies at 26,250–26,300, with support at 26,000–26,050.
The Bank Nifty closed at 59,581, up 410 points, ending near the day’s high and indicating sustained buying interest. The daily chart shows a bullish breakout from consolidation, confirming trend resumption above key averages. On the hourly chart, higher highs and higher lows signal a bullish reversal. Resistance is placed at 59,800–59,900, while 59,300–59,400 remains key support.
On the institutional front, Foreign Institutional Investors (FIIs) continued their selling streak for the fifth consecutive session on December 31, offloading equities worth Rs.3,597 crore. In contrast, Domestic Institutional Investors (DIIs) provided strong support by purchasing equities worth Rs.6,759 crore on the same day, more than offsetting FII outflows and lending stability to the market.
Amid ongoing volatility and global uncertainty, traders are advised to remain selective and disciplined. Buying quality stocks on declines with tight risk controls is recommended, while fresh long positions should be initiated only after a confirmed and sustained breakout above the 26,300 level.
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