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

The benchmark Sensex and Nifty indices are likely to open higher on February 15 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 80 points.

After a gap up opening, Nifty can find support at 21,800 followed by 21,750 and 21,700. On the higher side, 21,950 can be an immediate resistance, followed by 22,000 and 22,150.

The charts of Bank Nifty indicate that it may get support at 45,700, followed by 45,550 and 45,400. If the index advances, 46,300 would be the initial key resistance, followed by 46,500 and 46,650.

Foreign institutional investors (FIIs) net sold shares worth Rs 3,929.60 crore, while domestic institutional investors (DIIs) purchased Rs 2,897.98 crore worth of stocks on February 14, provisional data from the NSE showed.

INDIAVIX was Negative yesterday by 2.36% and is currently trading at 15.4350.

Yesterday, stocks rebounded well following a gap-down opening. Nifty and Banknifty also closed above the resistance levels of 21800 and 45800, respectively, which will now serve as solid support. Traders with long positions could maintain them by placing a stop loss at 21750, just below the indicated support level.

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