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Below the Quote on Pre-market comment 03rd October 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian benchmark indices are expected to open on a flat note today, with the GIFT Nifty indicating a marginal downtick of 10 points in the Nifty 50. Market sentiment remains cautiously optimistic, though persistent volatility and mixed global cues continue to weigh on investor confidence.

The Nifty 50 opened on a strong footing in the previous session and maintained bullish momentum, closing in the green with a robust bullish candle. From a technical perspective, a sustained move above 24,900 could pave the way for a rally toward 25,000 and 25,150. On the downside, immediate support is placed at 24,750 and 24,600, which may act as potential entry points for long trades.

The Bank Nifty also mirrored the broader market’s strength, closing 712 points higher and signaling early signs of a short-term recovery. Key support is seen at 55,200, with a breakdown below this level likely to drag the index toward 55,000 and 54,800. On the upside, resistance is placed at 55,400–55,500, and a breakout above this zone could extend the rally toward 55,800.

On the institutional flows front, Foreign Institutional Investors (FIIs) sold equities worth Rs.1,605 crore on October 1, while Domestic Institutional Investors (DIIs) bought equities worth Rs.2,916 crore on the same day.

Given the prevailing uncertainty and heightened volatility, traders are advised to maintain a cautious “wait-and-watch” stance, particularly in leveraged positions. Booking partial profits on rallies and deploying tight trailing stop-losses remain prudent. Fresh long positions should be considered only if the Nifty sustains above the 25,000 mark. While the broader trend remains cautiously bullish, close monitoring of breakout levels and global market developments will be essential in the sessions ahead.

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