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Below the Quote on Pre-market comment 09th December 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian equities are expected to open on a negative note on December 9, with the GIFT Nifty indicating a start near 25,965—about 100 points lower. Broader sentiment remains cautiously optimistic despite mixed global cues and the absence of significant domestic catalysts. In the near term, traders will continue to monitor global market developments, crude oil price movement, and institutional flow dynamics for clearer directional cues.

On the technical front, the Nifty now holds immediate support in the 25,800–25,850 range, while resistance is seen around 26,100–26,150, where repeated intraday rejection highlights strong overhead supply. A decisive breakout above this area will be essential for the index to regain upward momentum, while a sustained move below support may extend the ongoing consolidation.

In the banking space, the Bank Nifty faces firm resistance near 59,500–59,600, with crucial support lying in the 58,900–59,000 zone. This support band will be critical in maintaining broader market stability, as any breach could accelerate downside pressure, whereas stability above it may encourage buying interest on dips.

Foreign Institutional Investors (FIIs) extended their selling streak for the third consecutive session on December 8, offloading equities worth Rs.655 crore. Meanwhile, Domestic Institutional Investors (DIIs) continued their consistent accumulation, purchasing Rs.2,542 crore during the same session.

Given the prevailing volatility and external uncertainties, traders are advised to stay selective with a buy-on-dips approach, manage leverage prudently, and employ tight trailing stop-losses with staggered profit-booking. Fresh long positions may be considered only above 26,300, supported by close monitoring of global cues and key technical levels.

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