Quote on Pre-market comment 04th November 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 04th November 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Indian equity markets are likely to open on a flat to negative note today, as suggested by early indications from the GIFT Nifty, which was trading around the 25,870 mark—down approximately 28 points. This points to a cautiously optimistic sentiment among investors amid mixed global cues and a lack of strong domestic triggers. In the near term, traders are expected to closely track global market trends, movements in crude oil prices, and institutional fund flows to determine market direction.
The Nifty 50 showed resilience in the previous session, opening on a flat note but maintaining an upward bias throughout, indicating steady buying interest at lower levels. For today, immediate resistance is placed at 25,850, followed by 25,900 and 26,000. On the downside, support levels are seen at 25,600 and 25,650, which may serve as potential accumulation zones for positional traders.
The Bank Nifty also displayed underlying market strength in the prior session, closing 325 points higher and signaling the early stages of a short-term recovery. Key support is positioned at 58,000, and a decisive break below this level could trigger further downside toward 57,800 and 57,500. On the upside, resistance is seen at 58,200–58,400, with a breakout above this zone likely to extend the rally toward 58,850.
On the institutional front, Foreign Institutional Investors (FIIs) extended their selling streak for the fourth consecutive session, offloading equities worth Rs.1,883 crore on November 1. Meanwhile, Domestic Institutional Investors (DIIs) continued their buying spree for the eighth straight session, purchasing equities worth over Rs.3,500 crore on the same day, providing continued support to the market.
Given the prevailing volatility and mixed global backdrop, traders are advised to maintain a cautious “buy-on-dips” approach, particularly when using leverage. Partial profit booking during rallies and the use of tight trailing stop-losses will be essential for effective risk management. Fresh long positions should be considered only if the Nifty sustains above the 26,100 level. While the broader market undertone remains cautiously bullish, close monitoring of key technical levels and global developments will be critical in determining market direction in the upcoming sessions.
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