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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 negative note on March 27 as trends in the GIFT Nifty indicate a weak start for the broader index with a loss of 44 points.

Nifty can find support at 21,900 followed by 21,850 and 21,800. 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 46,500, followed by 46,300 and 46,200. If the index advances, 46,800 would be the initial key resistance, followed by 47,000 and 47,100.

Foreign institutional investors (FIIs) net bought shares worth Rs 10.13 crore, while domestic institutional investors (DIIs) purchased Rs 5,024.36 crore worth of stocks on March 26, provisional data from the NSE showed.

INDIAVIX was Positive by 4.91 percent and is currently trading at 12.8200.

Nifty is currently trading in a tight range in the last week of March before the monthly expiry. On the lower side 21800 is the strong support and 22200 is the strong resistance. Nifty yesterday closed at 22000 levels. Traders are advised to buy Nifty on dips with a strict stop loss of 21800 levels on a closing basis.

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