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Below the Quote on Pre-market comment 18th Aug 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian benchmark indices are expected to open on a positive note today, as indicated by the GIFT Nifty, which signals an uptick of around 315 points in the Nifty 50. Market sentiment remains cautiously optimistic but continues to be weighed down by persistent volatility and mixed global cues.

In the previous session, the Nifty opened flat and traded range-bound throughout the day, reflecting indecision among market participants. Technically, a decisive move above 24,750 could open the way for an upside toward 24,900 and 25,000, while immediate support lies at 24,600 and 24,500 — both considered attractive zones for fresh long positions.

Similarly, the Bank Nifty also opened flat and consolidated within a narrow range of 55,000–55,500 during the session. A breakout from this range, supported by strong price action, is likely to determine the next directional move. Key supports are placed at 55,000 and 54,900, while resistance is seen in the 55,670–56,000 zone. A convincing breakout above this resistance range could pave the way for a rally toward the psychological 56,200 level.

On the institutional front, Foreign Institutional Investors (FIIs) continued their selling streak for the fourth consecutive session on August 14, offloading equities worth Rs.1,926 crore, while Domestic Institutional Investors (DIIs) remained net buyers, purchasing equities worth Rs.3,895 crore.

Looking ahead, a “buy-on-dips” strategy is recommended, particularly if the Nifty dips below the 24,500 level. The 24,330–24,500 range is identified as a strong buying zone, while resistance is projected in the 24,900–25,000 band. Given the prevailing volatility, traders are advised to exercise caution, use strict stop-loss measures, and avoid holding long positions overnight to manage risk effectively.

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