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Below the Quote on Pre-market comment for Thursday December 13 by Hitesh Tailor, Research Analyst, Choice Broking

Indian equity markets are expected to begin the trading session on March 13 on a negative note. The GIFT Nifty is trading around 23,484, down nearly 243 points (-1.02%), indicating a weak opening for the domestic benchmark indices, as cautious global sentiment and lingering geopolitical concerns continue to weigh on investor confidence.

The Nifty 50 recorded its third straight session of losses in the previous session after opening with a sharp gap-down of about 155 points. Early selling pushed the index to an intraday low of 23,556.30, highlighting strong bearish sentiment. Later in the session, buyers stepped in and lifted the index toward 23,833.15 in an attempt to close the opening gap. However, resistance in the 23,700–23,750 zone restricted further upside, leading the index to settle at 23,639.15. Key support levels are placed at 23,300–23,350, while the RSI at 28.02 indicates near-oversold conditions, suggesting the possibility of short-term consolidation.

The Nifty Bank index also began the previous session with a steep gap-down of roughly 600 points and declined to an intraday low of 54,760 due to strong initial selling pressure. Buying interest at lower levels later helped the index recover, pushing it to an intraday high of 55,636.95. However, the recovery could not sustain as resistance triggered fresh selling, and the index eventually closed at 55,100.95. Immediate resistance is seen in the 55,300–55,500 range, while support is placed at 54,000–54,200. The RSI at 26.71 also points to near-oversold conditions.

On March 13, 2026, Foreign Institutional Investors (FIIs) continued their selling activity, offloading equities worth over Rs 7,000 crore. In contrast, Domestic Institutional Investors (DIIs) remained supportive to the market, purchasing equities worth around Rs 7,500 crore.

Given the ongoing global uncertainties and heightened market volatility, investors are advised to remain disciplined and selective. On March 13, 2026, focusing on fundamentally strong stocks during market corrections may remain a prudent approach. Initiating fresh long positions may be considered only after the Nifty decisively breaks and sustains above the 25,000 level, as such a move would signal improving market sentiment and the potential formation of a stronger bullish trend.

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