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Below the Quote on Pre-market comment 10th November 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian equity markets are expected to open on a flat to slightly positive note today, as indicated by the GIFT Nifty, which is trading near 25,651 — up about 62 points. Investor sentiment remains cautiously optimistic amid mixed global cues and the absence of strong domestic triggers. In the near term, traders are likely to focus on global market trends, crude oil price movements, and institutional fund flows to assess overall direction.

The Nifty index is witnessing mild pressure after failing to sustain above the 25,500 level, suggesting a potential phase of sideways consolidation. On the downside, support is placed at 25,400 and 25,300, offering opportunities for buying on dips. On the upside, resistance is seen at 25,600 and 25,700, while a breakout above 25,800 could pave the way for a rally toward the 26,000–26,200 zone.

The Bank Nifty displayed buying interest from lower levels but also encountered selling pressure at higher zones, indicating indecision and a lack of strong directional bias. Key support levels are situated at 57,500 and 57,000, while resistance is seen at 58,000 and 58,500. The overall outlook for the index remains sideways until a decisive breakout occurs on either side.

After six sessions of selling, FIIs turned buyers, purchasing equities worth ?4,581 crore on November 6, while DIIs continued their buying streak for the 11th session, investing ?6,674 crore.

Given the prevailing volatility and mixed global environment, traders are advised to maintain a cautious buy-on-dips approach, especially when deploying leverage. Partial profit booking during rallies and the use of tight trailing stop-losses remain crucial for effective risk management. Fresh long positions should be initiated only if the Nifty sustains above the 26,100 level. While the broader market tone remains cautiously bullish, close attention to key technical levels and global cues will be essential for determining the near-term market trajectory.

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