Quote on Pre-market comment 28th Aug 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 28th Aug 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Indian benchmark indices are expected to open on a negative note today, with the GIFT Nifty indicating a downtick of around 78 points in the Nifty 50. Market sentiment remains cautiously optimistic; however, persistent volatility and mixed global cues continue to weigh on investor confidence.
The Nifty opened weak in the previous session and extended losses throughout the day, forming a strong bearish candle on the daily chart, which signals sustained selling pressure. On the technical front, a decisive move above 24,850 could pave the way for an upside toward 25,000 and 25,150. On the downside, immediate support is placed at 24,670, followed by 24,500—levels that may attract fresh long positions.
Bank Nifty also ended in negative territory for the fourth consecutive session, slipping below the crucial 55,000 mark and reflecting continued bearish momentum. Key support levels are seen at 54,054 and 53,550, while resistance is placed in the 54,500–54,700 zone. A breakout above this resistance range could trigger a rebound toward the psychological 55,000 level.
On the flows front, foreign institutional investors (FIIs) extended their selling streak for the third straight day, offloading equities worth ?6,516 crore on August 26. In contrast, domestic institutional investors (DIIs) continued their buying for the second consecutive session, purchasing equities worth ?7,060 crore.
Given the prevailing uncertainty and heightened volatility, traders are advised to adopt a cautious “wait-and-watch” approach, particularly in leveraged positions. Booking partial profits on rallies and deploying tight trailing stop-losses remain prudent strategies to manage risk. Fresh long positions should only be considered if the Nifty sustains above the 24,850 level. Overall, the market outlook remains cautiously bullish, with close tracking of key breakout levels and global developments recommended.
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