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Below the Quote on Pre-market comment 12th September 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian benchmark indices are likely to open on a positive note today, with the GIFT Nifty indicating an uptick of nearly 80 points in the Nifty 50. Market sentiment remains cautiously optimistic, although persistent volatility and mixed global cues continue to weigh on investor confidence.

The Nifty index formed a bullish candle and held above the 25,000 mark, signaling strength following renewed optimism around U.S.–India trade talks and expectations of GST rate cuts, which lifted investor sentiment. However, for further upside, the index needs to surpass the 25,160–25,400 range. On the downside, immediate support is seen at 24,800, aligning with the 20-day EMAs.

The Bank Nifty closed at 54,670, up 134 points, after oscillating in a narrow range between 54,400 and 54,750. The gains were led by Axis Bank, HDFC Bank, and SBI, although weakness in ICICI Bank capped further advances. Resistance for the Bank Nifty is placed at 55,000, with support seen at 53,600–54,000. A breakout above 55,000 could trigger stronger buying momentum.

Foreign Institutional Investors (FIIs) offloaded equities worth ?3,472 crore on September 11, while Domestic Institutional Investors (DIIs) bought equities worth ?4,045 crore on the same day.

In light of the heightened volatility and mixed global signals, traders are advised to adopt a cautious “buy-on-dips” strategy. Booking partial profits on rallies and maintaining tight trailing stop-losses is recommended to manage risk. Fresh long positions should only be considered if the Nifty sustains above the 25,160 level. While the broader trend remains cautiously bullish, close monitoring of key technical levels and global cues will be crucial to navigate the current market environment.

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