Quote on Pre-market comment 03rd Sept 2025 by Mandar Bhojane, Senior Technical & Derivative Analyst, Choice Broking
Below the Quote on Pre-market comment 03rd Sept 2025 by Mandar Bhojane, Senior Technical & Derivative Analyst, Choice Broking
Indian benchmark indices are likely to open on a flat-to-positive note today, as the GIFT Nifty is trading with a marginal gain of around 15 points for the Nifty 50. Market sentiment remains balanced, with investors awaiting fresh cues from global markets and key domestic data later this week.
On the daily chart, Nifty continued its recovery momentum and is holding firmly above the 24,400 support zone. The index is consolidating within a broad range, indicating a healthy pause after recent gains. Immediate support is placed at 24,500, followed by 24,300. A break below these levels could trigger short-term profit booking. On the higher side, resistance is seen near 24,800, followed by the crucial 25,000 psychological mark. A decisive breakout above 25,000 could open the gates for a fresh leg of rally.
Bank Nifty also showed resilience by sustaining above its 200 EMA for the last four consecutive sessions. If the price breaks below 53,577, which coincides with the 200 EMA, further downside could emerge towards 53,000 and 52,000 levels. On the flip side, sustained strength above 54,500–54,600 may drive the index higher towards 55,000 and 56,000 in the coming sessions.
On the institutional activity front, FIIs turned net buyers with inflows worth Rs.512.67 crore, while DIIs also added Rs.2,118.45 crore in the previous session. The combined buying interest reflects underlying strength and continued faith in the domestic growth story.
Overall, the market is showing signs of steady consolidation with a positive bias. Traders should maintain a buy-on-dips approach, while focusing on stock-specific action in sectors showing leadership such as banking, IT, and auto.
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