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Below the Quote on Pre-Market Comment 09 June 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd

The benchmark Sensex and Nifty indices are expected to open on a positive note on June 09, following GIFT Nifty trends indicating a gain of 84 points for the broader index.

After a positive opening, Nifty can find support at 25,000 followed by 24,900 and 24,800. On the higher side, 25,100 can be an immediate resistance, followed by 25,200 and 25,300.

The charts of Bank Nifty indicate that it may get support at 56,300 followed by 56,000 and 55,800. If the index advances further, 56,900 would be the initial key resistance, followed by 57,200 and 57,400.

The Foreign institutional investors (FIIs) purchased equities worth Rs 1,009.71 crore on June 6, while Domestic institutional investors (DIIs) extended their buying on the 14th day as they bought equities of Rs 9,342.48 crore on the same day.

INDIAVIX was negative on Friday down by 3.00% and is currently trading at 14.6300.

On Friday, Indian equity markets witnessed heightened volatility at the start of the session, largely due to the RBI policy meet. However, following the announcement of a rate cut, strong buying interest emerged, driving the Nifty index to close on a strong note near the 25,000 mark. Global markets also traded positively, contributing to the improved overall investor sentiment. Notably, Foreign Institutional Investors (FIIs) turned net buyers, further boosting confidence in the Indian markets. From a technical standpoint, immediate support for the Nifty is seen at the 25,000 level, with a stronger support base around 24,800. As long as the index sustains above 24,700 on a closing basis, a “buy on dips” approach may remain favorable. On the upside, the index faces initial resistance at 25,100, with a major hurdle near 25,200. A decisive breakout above this zone would be key to reigniting bullish momentum and confirming the continuation of the uptrend. Given the current market dynamics and lingering global uncertainties, traders are advised to maintain a disciplined approach. It is prudent to avoid taking large overnight positions and instead focus on short-term trading opportunities, backed by strict stop-losses and robust risk management.

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