Powered by: Motilal Oswal
2025-07-02 09:19:11 am | Source: Choice Broking Ltd
Quote on Pre-Market Comment 02 July 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
Quote on Pre-Market Comment 02 July 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd

Below the Quote on Pre-Market Comment 02 July 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd

 

The benchmark Sensex and Nifty indices are expected to open on a positive note on July 02, following GIFT Nifty trends indicating a gains of 49 points for the broader index.

After a positive opening, Nifty can find support at 25,500 followed by 25,400 and 25,300. On the higher side, 25,600 can be an immediate resistance, followed by 25,700 and 25,800.

The charts of Bank Nifty indicate that it may get support at 57,300 followed by 57,000 and 56,800. If the index advances further, 57,650 would be the initial key resistance, followed by 57,800 and 58,000.

The Foreign institutional investors (FIIs) extended their selling on July 1 as they sold equities worth Rs 1970 crore, while Domestic institutional investors (DIIs) continued their buying as they bought equities worth Rs 771 crore on the same day.

INDIAVIX was negative Yesterday down by 2.01% and is currently trading at 12.5275.

Yesterday, the Indian benchmark indices opened on a flat note and traded sideways throughout the session. The Nifty managed to hold above the 25,500 mark but failed to surpass the 25,600 level, staying confined within a narrow range. It formed an inside bar Doji candle on the daily chart, indicating indecision among market participants. By the end of the day, the index closed flat to marginally positive, just below the 25,550 level. On the global front, markets exhibited mixed sentiment, offering no clear directional cue. Meanwhile, Foreign Institutional Investors (FIIs) continued their selling streak, which may keep domestic market sentiment slightly cautious in the near term. From a technical perspective, immediate support for the Nifty is placed at 25,500, while a stronger support zone lies near 25,300. Holding above these levels will be crucial to sustain the bullish undertone. On the upside, resistance is now seen at 25,600, followed by a major hurdle near 25,800. A sustained move above this zone could open the path for a fresh all-time high. Overall, a ‘buy-on-dips’ approach remains favorable as long as the index holds above the 25,000 mark. However, traders are advised to maintain strict stop-losses to navigate through rising intraday volatility.

 

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here