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Below the Quote on Pre-Market Comment 03 July 2025 by Mandar Bhojane, Research Analyst, Choice Broking Ltd 

Indian markets are expected to open on a positive note today, as indicated by a 25-point gain in GIFT Nifty. Globally, Asian markets are trading higher ahead of the U.S. jobs data. Sentiment has turned positive after Donald Trump announced a strategic trade agreement with Vietnam, boosting global equities to new highs.

Technically, Nifty 50 formed a strong bearish candle on the daily chart, suggesting selling pressure near higher levels. For any meaningful upside, the index must sustain above 25,500, with the next hurdle placed around 25,600–25,700. On the downside, 25,400 remains immediate support, while 25,300 is a critical level to watch for bulls.

Bank Nifty mirrored a similar pattern, showing weakness as it faced resistance near higher zones. The index needs to hold above 57,000 to maintain its upward bias. A break above 57,200–57,500 could trigger a strong rally, while a slip below 56,700–56,500 may lead to further weakness in the banking space.

In terms of flows, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth ?1,561 crore, whereas Domestic Institutional Investors (DIIs) were strong buyers, investing ?3,036 crore on July 2. This shows continued confidence from domestic institutions despite global uncertainties.

Markets to open higher, but upside may be capped unless key resistance zones are crossed. Watch 25,500 on Nifty and 57,000 on Bank Nifty closely. FII selling persists, but strong DII buying provides support to the overall market structure.

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