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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 13 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 52.50 points.

Nifty can find support at 21,550 followed by 21,500 and 21,400. On the higher side, 21,750 can be an immediate resistance, followed by 21,800 and 21,900.

The charts of Bank Nifty indicate that it may get support at 44,500, followed by 44,350 and 44,200. If the index advances, 45,000 would be the initial key resistance, followed by 45,200 and 45,350.

Foreign institutional investors (FIIs) net bought shares worth Rs 126.60 crore, while domestic institutional investors (DIIs) purchased Rs 1,711.75 crore worth of stocks on February 12, provisional data from the NSE showed.

INDIAVIX was positive yesterday and is currently trading at 16.0625.

The market was sluggish yesterday, with the bank nifty falling more than 1.5% and reaching its critical support zone of 44650, which is near to its 200-day Exponential moving average levels. Nifty also dropped and closed below 21700, a crucial support level. For investors, this represents an ideal time to buy for long-term investment. Traders can trade contrary by buying at support levels and selling near resistance levels, with a strict stop loss.

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