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Below The Quote on Pre-Market Comment 16 June 2025 by Aakash Shah, Research Analyst, Choice Broking Ltd

Indian benchmark indices are poised to open on a positive note today, as indicated by the GIFT Nifty, which suggests an upside of approximately 69 points for the Nifty 50. However, overall market sentiment remains mildly indecisive, especially after the cautious close observed in the previous trading session.

On Friday, the Nifty 50 opened with a steep decline of over 415 points, reflecting strong bearish sentiment in the early hours. However, the index recovered sharply from the intraday lows, exhibiting significant volatility throughout the session. This recovery led to the formation of a bullish candle on the daily chart, signaling the presence of underlying buying interest. A sustained move above the 24,800 level could reignite bullish momentum and potentially propel the index toward the 25,000–25,235 zone. On the downside, immediate support is seen at 24,650 and 24,500, which could act as accumulation zones if tested.

In contrast, the Bank Nifty underperformed, ending the session with a decline of 555 points and forming a bearish candle, indicating persistent selling pressure. A decisive breakdown below the key support of 55,400 could lead to further downside towards 55,170 and 55,000 levels. On the flip side, if the index manages to hold above this support zone and sustains buying interest, a reversal may be on the cards. Resistance is placed at 55,750 and 56,000, with a breakout above this range likely to open the path toward 56,480.

From an institutional perspective, Foreign Institutional Investors (FIIs) were net sellers on June 13, offloading equities worth ?1,263 crore. Meanwhile, Domestic Institutional Investors (DIIs) remained supportive, purchasing equities worth ?3,041 crore.

Given the current environment of heightened volatility and uncertainty, traders are advised to maintain a cautious approach—especially with leveraged positions. Partial profit-booking on rallies and the use of tight trailing stop-losses is recommended. Fresh long positions may be considered only if the Nifty sustains above the 24,800 level. While the broader sentiment remains cautiously bullish, traders should closely monitor key technical levels and global market cues

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