Quote on Pre-Market Comment 09 July 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
Below the Quote on Pre-Market Comment 09 July 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open on a flat to negative note on July 07, following GIFT Nifty trends indicating a loss of 23 points for the broader index.
After a flat to negative opening, Nifty can find support at 25,500 followed by 25,400 and 25,300. On the higher side, 25,600 can be an immediate resistance, followed by 25,700 and 25,800.
The charts of Bank Nifty indicate that it may get support at 57,200 followed by 57,000 and 56,800. If the index advances further, 57,400 would be the initial key resistance, followed by 57,600 and 57,800.
The Foreign institutional investors (FIIs) sold equities worth Rs 26 crore on July 8, while Domestic institutional investors (DIIs) extended their buying on the second day as they bought equities worth Rs 1366 crore on the same day.
INDIAVIX was negative Yesterday down by 2.91% and is currently trading at 12.1950.
Yesterday, the Indian equity markets opened on a flat note and traded sideways for most of the session. However, some buying interest in the latter half helped the benchmark indices end on a positive note. The Nifty hovered within a narrow range throughout the day but witnessed a strong recovery in the final hours, ultimately closing above the 25,500 mark. On the daily chart, the index formed a strong bullish candlestick, indicating a potential reversal and reflecting renewed buying interest at lower levels. Despite global markets trading with a mixed tone, the domestic market showed resilience. Foreign Institutional Investors (FIIs) remained net sellers, which may keep broader sentiment slightly cautious in the near term. From a technical perspective, immediate support is placed at 25,500, followed by a stronger support zone in the 25,400–25,300 range. On the upside, 25,600 acts as the immediate resistance, and a decisive breakout above this could open the door for further gains towards the 25,700–25,800 zone. Overall, the market structure remains constructive, and a ‘buy-on-dips’ approach is advisable as long as the index holds above the 25,300–25,000 level. Traders should remain cautious and manage risk actively amid rising intraday volatility.
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