Quote on Pre-market comment for Monday April 06th by Hitesh Tailor, Research Analyst, Choice Broking
Below Quote on Pre-market comment for Monday April 06th by Hitesh Tailor, Research Analyst, Choice Broking
Indian equity markets are likely to commence the April 6 session on a flat to slightly weak note. Early indicators suggest a subdued opening, with GIFT Nifty hovering near the 22,722 mark, reflecting only a marginal uptick and pointing toward a cautious to mildly negative start for the benchmark indices.
However, in the previous session, on 2nd April 2026, the Nifty 50 opened on a weak note with a sharp gap-down at 22,383.40 and declined further to an intraday low of 22,182.55 during the first half of the session. In the latter half, strong buying interest emerged, driving the index higher to an intraday high of 22,782.30. Despite the negative start, the index managed to recover and closed in positive territory at 22,713.10, registering a marginal gain of 33.70 points or 0.15% over the previous close. On the daily timeframe, the complete filling of the initial gap-down indicates sustained demand at lower levels.
From a technical perspective, immediate support for the index is placed in the 22,450-22,500 range, while resistance is observed between 22,800 and 22,850 levels. A breakdown below this support zone could extend weakness, whereas any pullback towards resistance may attract selling
In the previous session, Bank Nifty index remained volatile throughout the trading session. It opened with a sharp gap-down at 50,625.65 and extended its decline in early trade, touching an intraday low of 49,954.85 due to continued selling pressure. Subsequently, strong buying interest at lower levels led to a sharp recovery, pushing the index to an intraday high of 51,731.95. The index eventually closed at 51,548.75, registering a gain of 100.10 points or 0.19% for the day. On the daily timeframe, the formation of a bullish candlestick reflects improving sentiment and buying interest in the index.
From a technical perspective, immediate support for the index is placed in the 50,700-50,800 range, while resistance is observed in the 51,500–51,600 zone.
The volatility index, India VIX, rose by 2.04% to close at 25.52, indicating a mild increase in market volatility. In the derivatives segment, notable call writing was observed at the 22,800 strike, followed by the 23,000 strike. On the put side, significant writing activity was seen at the 22,500 and 22,600 strike levels, highlighting key support zones.
Foreign Institutional Investors (FIIs) extended their selling streak, offloading equities worth Rs.9,931 crore on April 2. However, Domestic Institutional Investors (DIIs) provided support, purchasing equities worth over Rs.7,200 crore.
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