Pre-market comment by Deven Mehata , Choice Broking
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Below the Quote on Pre-market comment by Deven Mehata, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are likely to open on a strong note on May 10 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 70 points.
Nifty can find support at 21,900 followed by 21,800 and 21,750. On the higher side, 22,100 can be an immediate resistance, followed by 22,150 and 22,200.
The charts of Bank Nifty indicate that it may get support at 47,200, followed by 47,100 and 47,000. If the index advances, 47,800 would be the initial key resistance, followed by 47,900 and 48,000.
FIIs sold shares worth Rs 6,994.86 crore. DIIs pumped in Rs 5,642.53 crore worth of stocks on May 9.
INDIAVIX was positive yesterday by 6.56 percent and is currently trading at 18.2000.
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