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Below the Quote on Pre-market comment 05th Sept 2025 by Mandar Bhojane, Senior Technical & Derivative Analyst, Choice Broking

Indian benchmark indices are set to open on a positive note today, as the GIFT Nifty is indicating a gain of around 70 points for the Nifty 50. Market sentiment remains constructive, with traders awaiting fresh cues from global markets and upcoming domestic economic data.

Nifty continues to trade within a sideways band of 24,350–25,000. A sustained move above 25,000 may open the way towards 25,500–25,675, while strong support from the 100- and 200-day EMAs near 24,600–24,280 keeps the downside protected. Momentum indicators like RSI and MACD are showing early signs of strength, making buy-on-dips the preferred approach.

Bank Nifty is holding above the 200 EMA near 53,587 and has crossed 54,000. Sustaining above 54,500 could lead to 55,000–56,000, while support remains at 53,800–53,600. The index is recovering from oversold levels, hinting at a potential bullish reversal, with dips offering accumulation opportunities.

On the institutional front, FIIs were net sellers of ?872.41 crore, while DIIs absorbed the selling with strong buying worth ?3,025.64 crore. This contrasting activity reflects caution among foreign investors but continued confidence from domestic institutions, which is lending support to the broader market.
Overall, the market is showing resilience within a consolidation range. With improving technical momentum and steady domestic inflows, the near-term bias remains positive. Traders should adopt a buy-on-dips strategy and focus on stock-specific opportunities in leadership sectors like banking, IT, and auto.

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