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

Indian benchmark indices are expected to open on a flat note today, with the GIFT Nifty indicating a marginal uptick of 1 point in the Nifty 50. Market sentiment remains cautiously optimistic, although persistent volatility and mixed global cues continue to weigh on investor confidence.

Market breadth was slightly negative in the previous session, as more stocks declined than advanced, suggesting that gains were primarily led by select large-cap counters. The Nifty opened flat but held firm throughout the session, forming a mild bullish candle on the daily chart. From a technical perspective, a sustained move above 25,120 could pave the way for an upside toward 25,200–25,250, while key support levels are placed at 25,000 and 24,950.

The Bank Nifty mirrored the broader market trend, closing around 56,050 — up 180 points — indicating short-term strength. On the downside, support is seen at 55,900, while resistance is placed near 56,400–56,600. A breakout above this zone could extend the rally toward 57,000.

On the institutional front, Foreign Institutional Investors (FIIs) turned net buyers on October 7, purchasing equities worth Rs.1,440 crore, while Domestic Institutional Investors (DIIs) bought equities worth Rs.452 crore on the same day.

Given the prevailing uncertainty and heightened volatility, traders are advised to maintain a cautious “buy-on-dips” stance, particularly in leveraged positions. Booking partial profits on rallies and deploying tight trailing stop-losses remain prudent. Fresh long positions should be considered only if the Nifty sustains above the 25,250 mark. While the broader trend remains cautiously bullish, close monitoring of key breakout levels and global market developments will be crucial in the sessions ahead.

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