Quote on Pre-Market Comment 11th Aug 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
Below the Quote on Pre-Market Comment 11th Aug 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open on a flat note on August 11, following GIFT Nifty trends indicating a loss of 07 points for the broader index.
After a flat opening, Nifty can find support at 24,300 followed by 24,200 and 24,000. On the higher side, 24,500 can be an immediate resistance, followed by 24,600 and 24,700.
The charts of Bank Nifty indicate that it may get support at 54,800 followed by 54,500 and 54,500. If the index advances further, 55,300 would be the initial key resistance, followed by 55,500 and 55,800.
After remaining net sellers for the last 14 sessions, the Foreign institutional investors (FIIs) turned net buyers on August 8 as they bought equities worth nearly Rs 1932 crore, while Domestic institutional investors (DIIs) bought equities worth Rs 7723 crore on the same day.
INDIAVIX was positive on Friday up by 2.95% and is currently trading at 12.0325.
On Friday, the Indian equity market opened on a slightly negative note, and sustained selling pressure dragged the Nifty index further lower, ending the session with losses below the 24,400 mark. This close at lower levels indicates continued weakness in the short term. In contrast, global markets traded on a positive note, offering some relief to broader sentiment. Notably, Foreign Institutional Investors (FIIs) turned net buyers, signaling a potential shift in market sentiment after a prolonged period of selling. Technically, immediate support for the Nifty is placed at 24,300, followed by 24,200. A breakdown below these levels could accelerate selling pressure towards the 24,000 zone. On the upside, the immediate resistance is seen at 24,500, followed by the 24,600–24,800 zone. A decisive move and sustained trade above these levels will be essential to pause the ongoing downtrend and open the door for a potential recovery. Traders should stay cautious and manage risk amid rising intraday volatility.
Above views are of the author and not of the website kindly read disclaimer
