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Below the Quote on Pre-market comment 01st Sept 2025 by Mandar Bhojane, Senior Technical & Derivative Analyst, Choice Broking

GIFT Nifty indicates a mildly positive start for Indian markets, with futures trading near 24,600, up about 47 points or 0.9 percent. The key driver for this upbeat opening is India’s strong GDP data, which has boosted investor confidence and supported sentiment across sectors. Backed by healthy economic momentum and stable global cues, the market is set to begin on a firm note, though moves may turn stock-specific as the day progresses.

The Nifty 50 is trading below its 100-DEMA, showing a weak trend with risks of further downside if 24,350 breaks. Key supports are at 24,350 and 24,150, while resistance lies at 24,600–24,800. Traders are advised to stay cautious, avoid aggressive positions, and consider buying near 24,350 with a stop-loss at 24,280 and profit booking around 24,700–24,800.

Bank Nifty looks weak after breaking below 55,000, but strong support at 53,500–53,300 may trigger a short-term bounce. Resistance is seen at 54,150 and 54,900. Traders can consider buying near 53,300 with a stop-loss at 53,000, aiming for 54,700.

India VIX, the fear index, fell 3.49% on Friday to 11.75 and stayed in a low, range bound zone. This suggests calmness in the market, but traders should stay cautious as sudden sharp moves can still happen on either side.

On Friday, foreign investors (FIIs/FPIs) sold Indian stocks worth ?8,313 crore, while domestic institutional investors (DIIs) stepped in and bought shares worth ?11,487 crore, providing support to the market.

Nifty ended August on a weak note, breaking key supports and hitting a two-month low, confirming bearish signals. Heavy call writing and shifting put positions show negative sentiment. The index is below major moving averages, and unless it crosses 24,800, upside looks limited. Holding above 24,400 is crucial; otherwise, deeper falls are likely. For now, traders should follow a “sell on rise” approach.

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