Quote on Pre-market comment 3rd November 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 3rd November 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking
Indian equity markets are expected to open on a flat note today, as indicated by early trends from the GIFT Nifty, which was trading around the 25,846 level—down approximately 59 points. This reflects a cautiously optimistic sentiment among investors amid mixed global cues and the absence of strong domestic triggers. In the near term, traders are likely to focus on global market trends, crude oil price movements, and institutional fund flows to gauge direction.
The Nifty index is exhibiting a sideways setup after failing to sustain above the 25,800 mark, suggesting a short-term consolidation phase. A bearish candle with a long upper wick has formed an inside pattern, indicating market indecision. Immediate support is placed at 25,600–25,500, while resistance lies at 25,800–26,000. A decisive breakout above 26,000 could trigger a move toward 26,100–26,300 levels.
Meanwhile, the Bank Nifty index has shown signs of weakness after slipping below the crucial 58,000 support level, again forming an inside candle that highlights consolidation and uncertainty. A break below 57,600 may extend the correction toward 57,480–57,325 or lower. On the upside, resistance is seen at 58,000, followed by 58,300 and 58,700. Overall, the index remains in a cautious consolidation phase.
On the institutional front, Foreign Institutional Investors (FIIs) extended their selling streak for the third consecutive session, offloading equities worth ?6,769 crore on October 31. In contrast, Domestic Institutional Investors (DIIs) continued their buying spree for the seventh straight session, purchasing equities worth over ?7,000 crore, which provided some stability to the markets.
Given the elevated volatility and mixed global environment, traders are advised to maintain a prudent “buy-on-dips” approach, especially when using leverage. Partial profit booking during rallies and keeping tight trailing stop-losses will be key to effective risk management. Fresh long positions should be considered only if the Nifty sustains above the 26,100 level. While the broader market undertone remains cautiously bullish, close monitoring of key technical levels and global developments will be crucial in determining the market’s direction in the coming sessions.
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