Quote on Pre Market Comment 25th June 2026 by Hitesh Tailor Technical Research Analyst at Choice Broking
Below the Quote on Pre Market Comment 25th June 2026 by Hitesh Tailor Technical Research Analyst at Choice Broking
Indian equity markets are expected to open on a positive note, with Gift Nifty trading around 24,138, up by 115 points, indicating strong opening cues for domestic indices. Global markets remain broadly supportive, with most Asian indices trading higher amid improving risk appetite and easing concerns over recent geopolitical developments.
Nifty ended on a strong positive note on 24th June 2026, recovering sharply from the previous session's weakness as renewed buying interest emerged across banking and heavyweight stocks. The index opened at 23,795.80, touched an intraday low of 23,789.25, and rallied to an intraday high of 24,090.05, reclaiming the crucial 24,000 mark. Technically, the index is attempting to re-establish a higher-high, higher-low structure on the hourly time frame, indicating improving short-term momentum and strengthening market sentiment. Immediate support is placed around the 23,950-24,000 zone, while resistance is seen near the 24,250-24,300 range. A sustained move above the resistance band could further strengthen the ongoing recovery trend.
Bank Nifty ended on a strong positive note on 24th June 2026, closing at 58,150.35, up 966.60 points or 1.69%, significantly outperforming the broader market. The index witnessed sustained buying interest throughout the session, supported by strength in heavyweight private banking stocks and improved investor sentiment. Technically, the banking index maintained its bullish momentum and closed above the crucial 58,000 mark, indicating renewed strength in the financial space. The sharp recovery reflects improving risk appetite and continued accumulation in banking counters. Immediate support is placed around the 57,900–58,000 zone, while resistance is seen near the 58,600-58,700 range. A sustained move above the resistance band could open the door for further upside momentum in the near term.
Foreign Institutional Investors (FIIs) remained net sellers on 24th June 2026, offloading equities worth Rs1,843 crore, reflecting continued caution among overseas investors. In contrast, Domestic Institutional Investors (DIIs) continued to provide strong support to the market, extending their buying streak to the third consecutive session with net equity purchases worth Rs3,637 crore. The sustained domestic inflows helped absorb foreign selling pressure and supported the market's sharp recovery during the session.
The near-term market setup appears encouraging, supported by positive global cues, resilient domestic liquidity, and improving sentiment across key sectors. The strong rebound witnessed in the previous session highlights the willingness of investors to accumulate on declines. While some consolidation near higher levels cannot be ruled out, sustained strength above immediate support zones may help maintain the positive momentum and keep the broader trend biased towards the upside.
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