Quote on Pre-market comment 28th October 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 28th October 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
The Indian equity markets are expected to open on a flat to positive note today, as indicated by the GIFT Nifty, which was trading around the 26,051 mark in early trades, reflecting a gain of 37 points. This indicates a cautiously optimistic sentiment, even as mixed global cues and the absence of strong domestic triggers keep traders on alert. Investors are likely to closely watch global market trends, crude oil price movements, and institutional flows for near-term direction.
From a technical perspective, the Nifty continued to hold firm above its crucial support zone of 25,700–25,750, maintaining a sideways-to-bullish bias. On the upside, immediate resistance is seen at 26,000–26,100, and a decisive move above 26,000 could accelerate the rally toward 26,100–26,200 in the near term. The trend remains positive as long as the index sustains above 25,750, suggesting that dips may continue to attract buying interest.
The Bank Nifty mirrored the broader market sentiment, trading volatile through the day but closing on a firm note, retaining its sideways-to-bullish structure. Key support levels are placed at 57,700–57,900, while resistance is seen between 58,200–58,400. The bullish bias remains intact as long as the index holds above 57,830, and a breakout above 58,400 could open the door for a move toward 58,700–59,000.
On the institutional front, Foreign Institutional Investors (FIIs) turned mild sellers, offloading equities worth ?55 crore on October 27, whereas Domestic Institutional Investors (DIIs) continued their strong support, purchasing equities worth ?2,492 crore on the same day.
In the backdrop of heightened volatility and mixed global cues, traders are advised to follow a cautious “buy-on-dips” approach, especially when using leverage. Booking partial profits during rallies and maintaining tight trailing stop-losses remain essential for effective risk management. Fresh long positions should be considered only if the Nifty sustains above the 26,100 mark. While the broader market undertone remains cautiously bullish, traders should closely monitor key technical levels and global developments to gauge market direction in the coming sessions.
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