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Below the Quote on Pre-market comment by Deven Mehata, Research Analyst, Choice Broking

The benchmark Sensex and Nifty indices are likely to open on a negative note on March 14 as trends in the GIFT Nifty indicate a weak start for the broader index with a loss of 45 points.

Nifty can find support at 21,850 followed by 21,800 and 21,700. On the higher side, 22,050 can be an immediate resistance, followed by 22,150 and 22,200.

The charts of Bank Nifty indicate that it may get support at 46,800, followed by 46,600 and 46,500. If the index advances, 47,200 would be the initial key resistance, followed by 47,400 and 47,500.

Foreign institutional investors (FIIs) net sold shares worth Rs 4,595.06 crore, while domestic institutional investors (DIIs) purchased Rs 9,093.72 crore worth of stocks on March 13, provisional data from the NSE showed.

INDIAVIX was positive by 5.83 percent and is currently trading at 14.4325.

The market had a severe downturn yesterday, as Nifty closed almost at its daily low below 22000 levels following an abrupt sell-off from higher levels. It is highly recommended that traders trade with extreme caution and strictly adhere to stop-loss levels. If Nifty continues to fall toward the strong support level of 21,800, investors might view this as a good time to make new medium- to long-term investments.

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