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Below the Quote on Pre-market comment for Monday September 7 by Hitesh Tailor, Technical Research Analyst at Choice Broking

Gift Nifty is trading around 23,950, down 60 points, indicating a weak opening for Indian equities. Asian markets are showing a mixed trend, while investors remain cautious following recent volatility across global markets. Elevated oil prices and continuing geopolitical uncertainty could keep sentiment under pressure, with market participants likely to track domestic technical levels and key global developments for further direction.

In the previous session on 4th September 2026, Nifty 50 opened higher and touched an intraday high of 24,005.75, but failed to sustain the gains amid late-session profit booking. The index eventually settled at 23,897.70, up 24.25 points (+0.10%), forming a small bearish candle and reflecting hesitation near the 24,000 mark. The broader trend remains weak as Nifty continues to trade below its key EMAs.

Technically, immediate support is placed at 23,800–23,850, while resistance is seen at 24,050–24,100. Sustaining above 24,100 could improve the near-term setup and trigger a recovery, whereas a break below 23,800 may revive selling pressure. Overall, the bias remains cautious, with the index likely to remain range-bound until a decisive breakout.

In the previous session on 4th September 2026, Bank Nifty remained largely range-bound and settled at 57,369.65, down 10.95 points (-0.02%). The index opened higher and touched 57,677.15, but failed to sustain the early gains as selling emerged near the higher levels. Immediate support is placed at 56,500–56,800, while resistance is seen at 57,400–57,600. A sustained move above 57,600 could revive buying interest, while weakness below support may drag the index lower.

On 4th September 2026, Domestic Institutional Investors (DIIs) extended their buying streak to the 19th consecutive session, investing Rs 8,930 crore in Indian equities. In contrast, Foreign Institutional Investors (FIIs) remained net sellers for the second straight session, offloading Rs 3,111 crore. The strong DII inflow continues to provide a cushion against sustained foreign selling pressure.

Overall, Nifty is likely to see a measured start with a sideways-to-negative tone. The modest decline in Gift Nifty suggests some profit booking, while global markets offer limited support. Traders may remain selective amid uncertainty over oil prices and geopolitical developments, keeping the index within a broader range until a clear directional breakout emerges.

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