Quote on Pre-market comment 30th October 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 30th October 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
The Indian equity markets are expected to open on a flat to negative note today, as indicated by the GIFT Nifty, which was trading around the 26,179 mark in early trades, reflecting a loss of 59 points. This points to 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 monitor global market trends, crude oil price movements, and institutional flows for near-term direction.
From a technical perspective, the Nifty continues to maintain a sideways-to-bullish bias as long as it sustains above the 25,900–26,000 support zone. On the upside, immediate resistance is placed around 26,100–26,200, and a sustained move above this range could pave the way for further gains toward 26,300–26,400 in the near term.
The Bank Nifty witnessed an upward rally after hitting the day’s low, forming a hammer candlestick pattern, indicating buying interest emerging at lower levels and a potential short-term reversal. Key support levels are placed at 58,100–58,200, while resistance is seen between 58,600–58,700. The bullish bias remains intact as long as the index holds above 58,000, and a breakout above 58,600 could open the door for a move toward 59,000.
On the institutional front, Foreign Institutional Investors (FIIs) turned sellers, offloading equities worth Rs.2,540.2 crore on October 30, whereas Domestic Institutional Investors (DIIs) continued their strong support, purchasing equities worth Rs.5,692.8 crore on the same day.
Given the heightened volatility and mixed global cues, traders are advised to maintain a cautious “buy-on-dips” approach, especially when using leverage. Booking partial profits during rallies and maintaining tight trailing stop-losses remain key to 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, close monitoring of key technical levels and global developments will be essential for gauging market direction in the sessions ahead.
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