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Below the Quote on Pre-market comment for Tuesday August 25 by Hitesh Tailor, Technical Research Analyst at Choice Broking

Indian equity markets are likely to witness a weak opening, with Gift Nifty around 24,160, down 51 points. Global cues are also cautious as Asian markets declined following a tech-led sell-off on Wall Street, with investors turning defensive ahead of Nvidia’s earnings. Meanwhile, Brent crude remains around $92, while fresh U.S. sanctions on Iran and continuing geopolitical uncertainty remain key factors for market sentiment.

In the previous session on 24th August 2026, Nifty 50 closed at 24,219.05, down 32.95 points (-0.14%), after giving up early gains amid profit booking. The index moved between 24,144.30 and 24,313, while RSI at 47.85 reflected subdued momentum. Metal, Realty, Oil & Gas and IT outperformed, whereas PSU Bank, Media and Financial Services remained weak.

PCR at 0.70 indicated a cautious derivatives setup, with Put OI around 24,200–24,000 providing support and Call OI near 24,300–24,500 indicating supply. Immediate support is placed at 24,000–24,050, while resistance is seen around 24,300–24,350.

In the previous session on 24th August 2026, Bank Nifty closed at 57,525.95, down around 236 points (-0.41%), after profit booking erased the early gains. The index continues to consolidate near its rising trendline and short-term moving averages, while RSI at 50.53 indicates neutral momentum. Immediate support is placed at 57,000–57,300, while resistance is seen around 57,800–58,000.

On 24th August 2026, FIIs turned net buyers, purchasing equities worth ?1,181 crore, while DIIs extended their buying streak to the 10th consecutive session, investing ?2,493 crore. The combined institutional inflows provided continued support to the domestic market.

The near-term outlook remains cautious to negative, with weak GIFT Nifty and softer global equities pointing to pressure at the open. Asian markets are lower following the overnight tech sell-off on Wall Street, while U.S.–Iran sanctions, crude prices and Nvidia’s upcoming earnings remain key risk factors. Strong domestic institutional inflows may offer some cushion, but volatility and stock-specific action are likely to remain elevated.

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