Quote on Pre-market comment 06th November 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 06th November 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Indian equity markets are likely to open on a flat to slightly positive note today, as suggested by the GIFT Nifty, which is trading near 25,733 — about 25 points higher. Investor sentiment remains cautiously optimistic amid mixed global cues and limited domestic triggers. In the near term, market participants are expected to track global developments, crude oil price movements, and institutional fund flows to gauge overall direction.
In the previous session, the Nifty 50 opened flat but gradually drifted lower throughout the day, reflecting persistent profit booking and a lack of sustained buying interest at higher levels. On the technical front, immediate resistance is placed at 25,700, followed by 25,750 and 25,800, while support is expected around 25,450–25,500. These lower levels could act as potential accumulation zones for positional traders.
The Bank Nifty also mirrored the broader market’s weakness, closing 275 points lower and signaling a temporary pause in its recent recovery attempt. Key support is placed at 57,700, and a decisive break below this level could trigger further downside toward 57,500 and 57,300. On the upside, resistance lies in the 58,000–58,200 zone, and a sustained breakout above this range could extend the rebound toward 58,500.
On the institutional front, Foreign Institutional Investors (FIIs) were net sellers for the fourth consecutive session, offloading equities worth Rs.1,883 crore on November 4. In contrast, Domestic Institutional Investors (DIIs) continued their buying streak for the eighth straight session, purchasing equities worth over Rs.3,500 crore, providing some support to the market.
Given the ongoing volatility and mixed global backdrop, traders are advised to maintain a cautious buy-on-dips strategy, particularly when using leverage. Partial profit booking during rallies and the use of tight trailing stop-losses remain essential for prudent risk management. Fresh long positions should be considered only if the Nifty sustains above the 26,100 level. While the broader undertone of the market stays cautiously bullish, close monitoring of key technical levels and global cues will be crucial in determining near-term market direction.
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