Pre-market comment by Deven Mehata,Choice Broking Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _19.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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 positive note on April 4 as trends in the GIFT Nifty indicate a higher start for the broader index with a gain of 71 points.
Nifty can find support at 22,350 followed by 22,300 and 22,250. On the higher side, 22,500 can be an immediate resistance, followed by 22,550 and 22,700.
The charts of Bank Nifty indicate that it may get support at 47,500, followed by 47,300 and 47,200. If the index advances, 47,800 would be the initial key resistance, followed by 48,000 and 48,200.
Foreign institutional investors (FIIs) net sold shares worth Rs 2,213.56 crore, while domestic institutional investors (DIIs) purchased Rs 1,102.41 crore worth of stocks on April 3, provisional data from the NSE showed.
INDIAVIX was Negative by 2.40 percent and is currently trading at 11.3725.
Yesterday Indian markets recovered from the lower levels despite the FIIs selling pressure. Today after a gap up opening if Nifty sustains above the resistance of 22550 we can witness sharp move towards 22700 backed by FIIs short covering. Traders holding long positions should hold with a strict stop loss of 22300 on a closing basis.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Manhar Garegrat_po.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Titan Company_.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Statergy_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coal37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ashwini37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/pharma.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/AutoSec27Feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gas_11Feb.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Quote on Sensex crossing 80000 mark by Shrikant Chouhan, Head Equity Research, Kotak Securities
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_2.jpg)
Pre-market comment by Deven Mehata, Choice Broking
![Quote on FPI : An important trend in the market is the increasing clout of DIIs, HNIs and retail investors and the diminishing influence of FPIs Say`s Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/VK VIjayakumar.jpg)
![Morning Nifty and Derivative comments 19 December 2023 By Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _14.jpg)
![Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker](https://portfolio.investmentguruindia.com/uploads/news/shrey jain.jpg)