Quote on Pre-Market Comment 27th June 2025 by Aakash Shah, Technical Research Analyst, Choice Broking Ltd
Below the Quote on Pre-Market Comment 27th June 2025 by Aakash Shah, Technical Research Analyst, Choice Broking Ltd
Benchmark indices Nifty and Sensex are expected to open on a strong note this Friday, buoyed by easing geopolitical tensions, steady crude oil prices, and growing optimism around a potential India–US trade agreement. GIFT Nifty was trading higher by 120 points or 0.7 percent at 25,721, indicating a firm start to the day. The broader market sentiment remains positive as the indices have witnessed a three-day winning streak, supported by strong global cues and broad-based buying interest.
The Nifty delivered a decisive breakout, confirming bullish continuation as it formed higher lows for five straight sessions and surpassed its recent consolidation range. The previous swing high now acts as a key support, with 25,200–25,300 providing immediate backing. The 25,000 mark remains a strong psychological support. Broad-based participation from heavyweight stocks and short-covering have added strength to the rally. Technically, the index is well-positioned above its 10-day and 20-day EMAs, while the RSI crossing 65 indicates rising momentum. As long as Nifty holds above key support levels, a buy-on-dips approach remains favorable, with further upside towards 25,650–26,000 possible.
Bank Nifty hit a fresh all-time high, maintaining its strong higher-high, higher-low pattern and reinforcing bullish momentum. The breakout above previous swing highs has converted past resistance levels into strong support, with 56,800–57,000 now acting as a solid cushion. Heavyweight banking stocks have also shown strong breakouts, further boosting sentiment. The index remains comfortably above its 10- and 20-day EMAs, while RSI above 65 signals continued strength. Every dip towards 56,500 is likely to attract fresh buying. As long as key supports hold, a buy-on-dips strategy remains ideal. Resistance is placed at 57,500–57,950; support at 56,900–56,000.
The Foreign institutional investors (FIIs) snapped three day selling and bought equities worth Rs 12,594 crore on June 26, while Domestic institutional investors (DIIs) broke three day buying, as they sold equities worth Rs 195 crore on the same day.
Nifty gave a strong breakout above its recent consolidation, showing rising optimism among traders. Heavy put writing and call unwinding also confirmed bullish strength. With no major resistance till 25,700–25,750, the rally may extend 150–200 points. Support now lies around 25,300–25,350, keeping the trend firmly positive.
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