Quote on Pre-Market Comment 26th June 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
Below the Quote on Pre-Market Comment 26th June 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open on a positive note on June 26, following GIFT Nifty trends indicating a gain of 40 points for the broader index.
After a positive opening, Nifty can find support at 25,200 followed by 25,100 and 25,100. On the higher side, 25,300 can be an immediate resistance, followed by 25,400 and 25,500.
The charts of Bank Nifty indicate that it may get support at 56,500 followed by 56,300 and 56,000. If the index advances further, 56,800 would be the initial key resistance, followed by 57,000 and 57,200.
The Foreign institutional investors (FIIs) extended the selling on the third consecutive day on June 25 as they sold equities worth Rs 2,427 crore. On the other hand, Domestic institutional investors (DIIs) extended their buying on the third day, as they bought equities worth Rs 2,372 crore on the same day.
INDIAVIX was negative Yesterday down by 4.98% and is currently trading at 12.9625.
Yesterday, the Indian benchmark indices opened with a strong gap-up and gradually moved higher, trading in a slow yet steady upward to sideways trajectory. The Nifty index managed to hold on to higher levels throughout the session and ended the day on a positive note, closing near the 25,250 mark. On the global front, sentiments remained broadly positive, with major international markets trading in the green. However, Foreign Institutional Investors (FIIs) continued to remain net sellers, which limited some upside momentum in the domestic market. From a technical perspective, immediate support for the Nifty is now placed at the 25,200 level, followed by a stronger support zone in the 25,100–25,000 range. Holding above these levels is crucial to maintain the ongoing bullish sentiment. On the upside, immediate resistance is seen at 25,300, followed by 25,400. A sustainable move above this resistance zone could pave the way for continued upward momentum. Given the current structure, a ‘buy-on-dips’ strategy remains favorable as long as the index holds above the 25,000 mark. Traders are advised to maintain a strict stop-loss to manage risk effectively amid intraday volatility.
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