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

"Indian benchmark indices are expected to open on a positive note today, with the GIFT Nifty indicating an uptick of nearly 62 points in the Nifty 50. Market sentiment remains cautiously optimistic; however, persistent volatility and mixed global cues continue to weigh on investor confidence. 

On Monday, the Nifty faced resistance near the 24,900 level after Friday’s recovery and ended with a modest gain of 32 points. The index formed a small red candle with a long upper shadow on the daily chart, highlighting consolidation and volatility. While buying interest is visible at lower levels, the 24,900–25,000 zone remains a stiff hurdle. Support is placed at 24,620, and as long as Nifty trades below 25,000, some consolidation or mild weakness may persist. 

Bank Nifty closed at 54,186.90, up 72.35 points (0.13%), after hitting an intraday high of 54,518.70. The index now faces resistance at 54,500–55,000, while support lies at 53,600–53,000. A breakout above 55,000 could trigger fresh buying, while range-bound movement between 53,600–55,000 may continue in the near term. 

On the flows front, FIIs extended their selling streak for the 11th consecutive session, offloading equities worth Rs.2,169 crore on September 8. In contrast, DIIs remained strong buyers, purchasing equities worth Rs.3,014 crore. 

Given the prevailing uncertainty and heightened volatility, traders are advised to maintain a cautious “wait-and-watch” approach, particularly in leveraged positions. Booking partial profits on rallies and deploying tight trailing stop-losses remain prudent strategies. Fresh long positions should be considered only if Nifty sustains above the 25,000 mark. Overall, the outlook stays cautiously bullish, with close monitoring of key breakout levels and global market cues essential in the sessions ahead."

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