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Below the Quote on Pre-market comment 22nd September 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian benchmark indices are likely to open on a negative note today, with the GIFT Nifty indicating a downtick of nearly 98 points in the Nifty 50. Market sentiment remains cautiously optimistic, though persistent volatility and mixed global cues continue to weigh on investor confidence.

The Nifty index has held firmly above the 25,300 mark, closing at 25,327 in the previous session. It continues to trade above its key moving averages—the 20-day, 50-day, and 200-day EMAs—reaffirming the broader bullish undertone. As long as the index sustains above these averages, sentiment is expected to stay constructive. On the upside, immediate resistance is placed at 25,500, followed by 25,600 and 25,850. On the downside, support lies at 25,150 and 25,000, with a deeper breakdown below 24,900 likely to trigger additional downside pressure.

Bank Nifty has also shown resilience, sustaining above the 55,400 mark and closing in the green for the third consecutive week. If buying momentum continues and the index decisively crosses 55,750, it could pave the way for further upside toward 56,000 and 56,500. On the downside, immediate support is placed at 55,000, and a sustained breakdown below this level could invite fresh selling pressure, with potential targets at 54,830 and 54,500.

On the institutional flows front, Foreign Institutional Investors (FIIs) remained net buyers for the second consecutive day, purchasing equities worth Rs.390 crore on September 19, while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs.2,105 crore.

Given the backdrop of heightened volatility and mixed global cues, traders are advised to maintain a cautious “buy-on-dips” approach. Booking partial profits on rallies and keeping tight trailing stop-losses is recommended to manage risk. Fresh long positions should only be considered if the Nifty sustains above the 25,500 mark. 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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