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Below the Quote on Pre-market comment 08th December 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Nifty 50 is likely to open on a steady-to-positive note, with early indications pointing to mild strength following supportive global cues and improved domestic sentiment after the recent RBI rate cut. The index closed at 26, 186 in the previous session, and with GIFT Nifty signaling a slight upward bias, markets may attempt to extend the recent momentum.

Nifty is expected to trade within a defined range today, with near-term resistance placed around 26,300-26,350, where profit-booking may emerge. On the downside, support is seen around 26,000-26,050, a zone that has held firm through recent consolidation. Any intraday dips toward this band may offer selective buying opportunities for short-term traders, provided global flows remain stable.

For the banking index, Bank Nifty is likely to stay within a broader 59,400-60,100 corridor. Key support is situated near 59,400-59,500, while resistance could surface in the 60,000-60,100 region. A decisive move above this resistance band has the potential to open further upside toward the psychological 61,000 mark. With rate-sensitive sectors witnessing renewed demand post the policy outcome, Bank Nifty remains a crucial index to watch.

Volatility remains comfortably low, with India VIX hovering near the 10.31 zone, indicating a calm market environment and subdued expectations for sharp movements. Such low volatility typically favors a trend-following approach but also suggests that unexpected global triggers can cause sharper swings.

Given the prevailing conditions, a buy-on-dips strategy remains appropriate. Traders may consider adding long positions if Nifty pulls back toward 26,000-26,050 or if Bank Nifty finds stability above 59,400, while keeping tight trailing stop-losses and booking partial profits on rallies toward resistance levels.

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