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Below the Quote on Pre-market comment 23rd September 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian benchmark indices are likely to open on a negative note today, with the GIFT Nifty indicating a marginal downtick of 49 points in the Nifty 50. Market sentiment remains cautiously optimistic, though persistent volatility and mixed global cues continue to weigh on investor confidence.

The Nifty index managed to hold above the 25,150 mark, closing at 25,202.35 in the previous session. On the upside, immediate resistance is seen at 25,330, followed by 25,400 and 25,500. On the downside, support lies at 25,150 and 25,000, while a breakdown below 24,900 could trigger additional downside pressure.

Bank Nifty has also shown resilience, sustaining above the 55,200 level. If buying momentum continues and the index decisively crosses 55,500, it could open the path toward 55,750 and 56,000. On the downside, immediate support is placed at 55,000, and a sustained breakdown below this level could lead to fresh selling pressure, with potential targets at 54,830 and 54,500.

On the institutional flows front, Foreign Institutional Investors (FIIs) snapped a two-day buying streak on September 22, offloading equities worth Rs.2,910 crore. Meanwhile, Domestic Institutional Investors (DIIs) continued their buying, purchasing equities worth Rs.2,582 crore on the same day.

Given the backdrop of heightened volatility and mixed global cues, traders are advised to maintain a cautious “buy-on-dips” approach. Booking partial profits on rallies and keeping tight trailing stop-losses is recommended to manage risk. Fresh long positions should only be considered if the Nifty sustains above the 25,500 mark. While the broader trend remains cautiously bullish, close monitoring of key technical levels and global developments will be crucial in navigating the current market environment.

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