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Below the Quote on Pre-market comment for Wednesday August 26 by Hitesh Tailor, Technical Research Analyst at Choice Broking

Indian equity markets are set for a firm opening, with Gift Nifty around 24,555, up 79 points, signalling a positive start. Global sentiment remains supportive, with U.S. and Asian markets gaining, while Brent crude has eased to around $89 amid improving U.S.–Iran tensions, offering some relief to Indian equities. Investors will also track Nvidia’s earnings as a key global market trigger.

In the previous session on 25th August 2026, Nifty 50 closed at 24,334.55, gaining 115.50 points (+0.48%), after a strong second-half recovery from the 24,115.45 low. The index formed a Bullish Engulfing pattern and closed at the day’s high, indicating improving buying interest. RSI at 52.39 also pointed towards a modest improvement in momentum.

India VIX at 11.08 remained subdued, while PCR at 1.08 reflected a favourable derivatives setup. Put OI around 24,300–24,200 provides a supportive base, whereas Call OI near 24,350–24,500 indicates supply. Immediate support is placed at 24,200–24,250, while resistance is seen around 24,550–24,600.

In the previous session on 25th August 2026, Bank Nifty closed at 57,514.20, gaining around 60 points (+0.10%) after recovering from the day’s low. The index continues to consolidate around its short-term moving averages, while the rising trendline offers underlying support. RSI at 50.37 reflects balanced momentum, with PCR at 0.87 indicating a cautious derivatives setup. Immediate support is placed at 57,400–57,500, while resistance is seen at 58,300–58,500.

On 25th August 2026, FIIs extended their buying streak for the second consecutive session, purchasing equities worth Rs 1,593 crore, while DIIs also remained net buyers with investments of Rs 230 crore. The continued institutional buying provided support to the market and complemented the recovery in benchmark indices.

The near-term bias remains positive, with Gift Nifty indicating a firm start and easing crude prices improving the external backdrop for Indian equities. Hopes of smoother Strait of Hormuz shipping have further supported global risk sentiment, while Nvidia’s earnings remain a key trigger for technology and broader market sentiment. Overall, the setup favours continued recovery with a positive undertone, though volatility may remain elevated.

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