Quote on Pre-market comment 04th September 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 04th September 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Indian benchmark indices are expected to open on a positive note today, with the GIFT Nifty indicating a modest uptick of around 130 points in the Nifty 50. Market sentiment remains cautiously optimistic; however, persistent volatility and mixed global cues continue to weigh on investor confidence.
On the daily chart, the Nifty formed a bullish candle with a small lower wick, suggesting buying support at lower levels. Immediate support is placed at 24,600, while stronger support lies near the 24,500 mark. On the upside, resistance is seen at 24,850, followed by a major hurdle at 25,000. A decisive breakout above these levels could trigger fresh buying momentum. Overall, the trend remains constructive as long as the index sustains above its support zones.
Bank Nifty opened flat in the previous session but witnessed strong buying momentum later in the day, lifting the index above the 54,000 mark, which it managed to sustain on a closing basis. A strong bullish candle formed on the daily chart, indicating continued buying interest. Immediate support is placed at 53,700, with a stronger support zone near 53,500. On the upside, resistance is seen at 54,300, followed by a major hurdle in the 54,500–54,800 band.
On the flows front, Foreign Institutional Investors (FIIs) extended their selling streak for the eighth straight session, offloading equities worth Rs.1,666 crore on September 3. Meanwhile, Domestic Institutional Ivestors (DIIs) turned net buyers, purchasing equities worth Rs.2,495 crore, marking their seventh consecutive session of support.
Given the backdrop of heightened volatility and mixed global signals, traders are advised to adopt a cautious “buy-on-dips” strategy. Booking partial profits on rallies and maintaining tight trailing stop-losses is recommended to manage risk. Fresh long positions should be considered only if Nifty sustains above the 24,850 level. While the broader trend remains cautiously bullish, close tracking of key technical levels and global cues will be essential in navigating the current market environment
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