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Below the Quote on Pre-Market Comment 07 July 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd

The benchmark Sensex and Nifty indices are expected to open on a negative note on July 07, following GIFT Nifty trends indicating a loss of 43 points for the broader index.

After a positive opening, Nifty can find support at 25,400 followed by 25,300 and 25,200. On the higher side, 25,500 can be an immediate resistance, followed by 25,600 and 25,700.

The charts of Bank Nifty indicate that it may get support at 57,000 followed by 56,800 and 56,500. If the index advances further, 57,200 would be the initial key resistance, followed by 57,500 and 57,700.

The Foreign institutional investors (FIIs) extended their selling on the fifth day as they sold equities worth Rs 760 crore on July 4. On the other hand, after remaining buyers for the last four days, the Domestic institutional investors (DIIs) sold equities worth Rs 1028 crore on the same day.

INDIAVIX was negative on Friday down by 0.57% and is currently trading at 12.3150.

On Friday, the Indian benchmark indices opened on a flat note and witnessed some pressure during the initial part of the session. However, the market found support at lower levels and staged a strong intraday recovery. The Nifty managed to close above the 25,450 mark, reflecting resilience despite global markets trading with a mixed tone. On the daily chart, the index formed a Hammer candlestick pattern — a small bullish-bodied candle with a long lower wick — indicating buying interest from lower levels and a potential reversal signal. Foreign Institutional Investors (FIIs) continued their selling streak, which may keep the broader market sentiment slightly cautious in the near term. From a technical standpoint, immediate support is placed at 25,400, followed by a stronger support zone near 25,300. On the upside, 25,500 now acts as the immediate resistance, with a key hurdle seen near 25,600. A decisive break above this zone could pave the way for a move towards a new all-time high. Overall, the structure remains positive, and a ‘buy-on-dips’ strategy is advisable as long as the index holds above the 25,000 level. Traders should remain vigilant and use strict stop-losses to manage risks amid rising intraday volatility.

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