Quote on Pre-market comment 22nd Aug 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 22nd Aug 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
"Indian benchmark indices are likely to open on a negative note today, as the GIFT Nifty signals a downtick of around 55 points in the Nifty 50. Market sentiment remains cautiously optimistic but continues to be weighed down by persistent volatility and mixed global cues.
The Nifty, in the previous session, opened flat and traded in a narrow range, reflecting indecision among participants. On the technical front, a decisive move above 25,150 could open the door for an upside toward 25,250 and 25,500, while immediate supports are placed at 25,000 and 24,850 — levels considered attractive for fresh long positions.
The Bank Nifty also remained range-bound between 55,830–55,700, consolidating throughout the session. A breakout from this band, supported by strong price action, will dictate the next directional move. Supports are at 55,600 and 55,450, while resistance is seen in the 56,000–56,200 zone. A convincing breakout above this could fuel a rally toward the psychological 56,600 mark.
On the flows front, after being net sellers in the last two sessions, Foreign Institutional Investors (FIIs) turned buyers, investing Rs.1,246 crore in equities on August 21. Domestic Institutional Investors (DIIs) also remained strong buyers with inflows of Rs.2,546 crore.
Given the backdrop of 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 be considered only if the Nifty sustains above the 25,250 level. While the broader trend remains cautiously bullish, close monitoring of technical levels and global market cues will be crucial."
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