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Below the Quote on Pre-market comment forThursday October 15 by Hitesh Tailor, Technical Research Analyst at Choice Broking

In the previous session on 15th October 2026, Bank Nifty closed at 55,316.00, down 165.05 points (-0.30%), after retreating from an intraday high of 55,644.70. The Doji-like candle reflects indecision, while mixed banking performance showed selective strength in PSU banks. RSI stood at 46.71, above its average of 38.39, indicating improving momentum. Immediate support is placed at 54,800–55,000, while resistance is seen at 55,700–56,000.

On 14th October 2026, FIIs remained net sellers, offloading equities worth approximately Rs 1,857 crore. DIIs provided strong support to the market, recording net purchases of around Rs 2,670 crore, helping cushion the impact of foreign investor outflows.

Overall market bias remains cautious with a slight positive opening indication, supported by Gift Nifty’s gains, though lingering global uncertainties and recent profit booking may limit the upside. Rising volatility and continued FII selling warrant attention, while DII buying offers some cushion. Market direction may remain uneven, with investors focusing on earnings announcements, crude oil movements and the strength of buying interest across sectors.

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