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Below the Quote on Pre-market comment 18th September 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian benchmark indices are likely to open on a positive note today, with the GIFT Nifty indicating a gain of nearly 100 points in the Nifty 50. Market sentiment remains cautiously optimistic, though persistent volatility and mixed global cues continue to weigh on investor confidence.

The Nifty50 held firmly above the 25,300 mark in the previous session, reinforcing psychological strength and signaling investor comfort at higher levels. The index now shows potential upside momentum, with resistance expected around the 25,400–25,500 zone. On the downside, support remains intact at 25,000–24,900.

Bank Nifty also ended strong, reflecting signs of a possible bullish reversal as it closed in the green and moved above its 50-day EMA on the daily chart—an encouraging technical signal. Key support is placed at 55,150, and a decisive break below this level may drag the index toward 55,000 and 54,455. However, if these supports hold, a reversal could provide fresh buying opportunities. On the upside, resistance is seen at 55,600–56,000, and a breakout above this range may open the path toward 56,430.

On the institutional flows front, Foreign Institutional Investors (FIIs) sold equities worth Rs.1,124 crore on September 17, while Domestic Institutional Investors (DIIs) were net buyers of equities worth Rs.2,293 crore.

Given the backdrop of heightened volatility and uncertain global cues, traders are advised to follow a cautious “buy-on-dips” strategy. Booking partial profits on rallies and maintaining tight trailing stop-losses is recommended to manage risk. Fresh long positions should only be considered if the Nifty sustains above the 25,500 level. While the broader trend remains cautiously bullish, close monitoring of key technical levels and global developments will be essential to navigate the current market environment.

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