Quote on Pre-Market Comment 1stJuly 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
Below the Quote on Pre-Market Comment 1stJuly 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open on a flat to positive note on July 01, following GIFT Nifty trends indicating a gains of 26 points for the broader index.
After a flat to positive opening, Nifty can find support at 25,500 followed by 25,400 and 25,300. On the higher side, 25,600 can be an immediate resistance, followed by 25,700 and 25,800.
The charts of Bank Nifty indicate that it may get support at 57,200 followed by 57,000 and 56,800. If the index advances further, 57,500 would be the initial key resistance, followed by 57,700 and 58,000.
The Foreign institutional investors (FIIs) sold equities worth Rs 831 crore on June 30, while Domestic institutional investors (DIIs) purchased equities worth Rs 3497 crore on the same day.
INDIAVIX was positive Yesterday up by 3.21% and is currently trading at 12.7850.
Yesterday, the Indian benchmark indices opened on a flat note and failed to hold onto higher levels as the session progressed. The Nifty faced selling pressure at higher zones and witnessed some profit booking, which dragged the index lower during intraday trade. Despite this, the index managed to close just above the 25,500 mark, ending the session on a negative note. On the global front, sentiments remained broadly positive, with major international markets trading in the green. However, Foreign Institutional Investors (FIIs) turned net sellers, which may keep the domestic market slightly cautious in the near term. From a technical perspective, immediate support for the Nifty is placed at the 25,500 level, while a stronger support zone is seen near 25,300. Holding above these levels will be important to retain bullish undertones. On the upside, resistance is now seen at 25,600, followed by a strong hurdle near 25,800. A sustained move above this zone could open the gates for a fresh record high. Overall, a ‘buy-on-dips’ approach remains favorable as long as the index holds above the 25,000 mark. Traders are advised to maintain strict stop-losses to manage risk amid rising intraday volatility.
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