Quote on Pre-Market Comment 29th October 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
Below the Quote on Pre-Market Comment 29th October 2025 by Hardik Matalia, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open on a positive note on October 29, following GIFT Nifty trends indicating a gain of 65 points for the broader index.
After a positive opening, Nifty can find support at 25,900 followed by 25,850 and 25,800. On the higher side, 26,000 can be an immediate resistance, followed by 26,050 and 26,100.
The charts of Bank Nifty indicate that it may get support at 58,100 followed by 58,000 and 57,900. If the index advances further, 58,300 would be the initial key resistance, followed by 58,400 and 58,500.
The Foreign Institutional Investors (FIIs) bought equities of Rs 10,000 crore on October 28 and turned net buyers for the month. On the other hand, the Domestic Institutional Investors (DIIs) bought equities of Rs 636 crore on the same day.
INDIAVIX was positive Yesterday up by 0.80% and is currently trading at 11.9525.
The Indian equity market opened on a flat note yesterday and witnessed high volatility throughout the session. Some selling pressure was seen during the day; however, buying from lower levels in the latter half helped the Nifty index recover partially and end slightly in the negative, above the 25,900 mark. On the daily chart, the Nifty has formed a Doji candle pattern, indicating indecision among market participants after recent gains. Globally, cues remained positive, while Foreign Institutional Investors (FIIs) were net buyers, with strong inflows into equities — suggesting improving sentiment and renewed confidence in the domestic market. On the downside, immediate support is placed at 25,900, followed by 25,800. On the upside, resistance is seen near 26,000, followed by 26,100. A decisive break above 26,100 could open the door for further buying interest and a possible move toward record-high levels. The overall undertone remains positive, and a “buy on dips” strategy is advised. Traders should, however, maintain strict stop-losses to manage risk effectively amid ongoing volatility.
Above views are of the author and not of the website kindly read disclaimer
