Quote on Pre-market comment 10th October 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 10th October 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Indian benchmark indices are likely to open with a modest positive bias today, as GIFT Nifty futures suggest a slight upside over yesterday’s close. Market mood remains cautiously optimistic, supported by renewed global cues and healthy domestic momentum, although volatility and external headwinds may continue to cap aggressive moves.
In yesterday’s session, the Nifty 50 posted a strong rebound, closing up around 135.65 points at 25,181.80, forming a bullish daily candle. From a technical standpoint, sustaining above 25,300 is key; only then can further upside toward 25,300–25,350/25,400 be expected. On the downside, support zones around 25,000–24,900 and the broader 25,000 mark remain critical accumulation areas. Thus, the index is likely to remain range-bound between 25,000 and 25,300+ in the near term.
The Bank Nifty also mirrored the positive bias, with support seen in the 55,900–55,800 band and resistance near 56,500–56,600. A clear breakout above that zone may be needed to resurrect a sustained uptrend.
On the institutional front, Foreign Institutional Investors (FIIs) turned net buyers again, with net purchases of ?1,308.16 crore on 9th October. Domestic Institutional Investors (DIIs) also continued their buying with net purchases of ?864.36 crore. Given these flows, the underlying participation remains constructive.
In terms of strategy, a cautious buy-on-dips approach seems prudent near support zones, while any sustained move above 25,250–25,300 could be a trigger for fresh long positions. Partial profit-taking on strong rallies and tight trailing stop-losses are advisable, especially given the potential for intra-day volatility.
Overall, while the broader tone is cautiously bullish, the market is expected to consolidate in a trading band, with key breakouts above resistance or below support likely to dictate directional bias in the sessions ahead.
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