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Below the Quote on Pre Market Summary Sensex 27th February 2025 by Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited

Indian equity markets are expected to open on a weak note on February 27, as GIFT Nifty trades around 25,556, nearly 80 points lower, indicating a negative start to the session.

After an extremely volatile day of trading, the Nifty 50 ended with a marginal gain of just 14 points. The index began with a strong gap-up opening of 83 points and moved to an intraday peak of 25,572.95. However, it failed to hold higher levels and witnessed a sharp correction of nearly 170 points, slipping to 25,400. A late recovery helped it close at 25,496.55, highlighting the lack of a clear directional bias in the market. The immediate resistance zone is placed between 25,600 and 25,650, while support is observed in the 25,300–25,350 range. The RSI reading of 47.11 reflects neutral momentum.

The Bank Nifty opened flat and moved higher to an intraday high of 61,284.75 before facing profit booking, which led to a decline of nearly 470 points to 60,813. Strong buying interest at lower levels triggered a recovery, allowing the index to close at 61,187.70, up by 144.35 points. The formation of a doji candle signals market indecision. Resistance is seen in the 61,400–61,500 zone, while the 60,800–60,900 range remains a key support area. An RSI of 58.43 indicates a moderately bullish undertone.

On February 26, Foreign Institutional Investors (FIIs) turned net sellers, selling equities worth ?3,465 crore. In contrast, Domestic Institutional Investors (DIIs) continued their buying spree for the third consecutive session, purchasing stocks worth over 5,000 crore.

In the backdrop of global uncertainty and elevated volatility, traders are advised to adopt a disciplined and selective strategy, focusing on fundamentally strong stocks during market corrections. Fresh long positions should ideally be considered only after a clear and sustained breakout above the 25,800 level on the Nifty, which would signal stronger market sentiment and confirm the development of a more robust bullish structure.

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