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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 positive note on April 24 as trends in the GIFT Nifty indicate a higher start for the broader index with a gain of 78 points.

Nifty can find support at 22,300 followed by 22,200 and 22,150. On the higher side, 22,450 can be an immediate resistance, followed by 22,500 and 22,550.

The charts of Bank Nifty indicate that it may get support at 47,800, followed by 47,700 and 47,500. If the index advances, 48,200 would be the initial key resistance, followed by 48,400 and 48,500.

Foreign institutional investors (FIIs) net sold shares worth Rs 3,044.54 crore, while domestic institutional investors (DIIs) bought Rs 2,918.94 crore worth of stocks on April 23, provisional data from the NSE showed.

INDIAVIX was Negative by 19.72 percent and is currently trading at 10.1950.

Yesterday, Indian markets traded sideways, with broader markets outperforming. Today, on Bank Nifty's monthly expiry, major indices are expected to consolidate while mid and small-cap stocks may see more significant movements. Diversification and strategic positioning remain crucial amidst potential volatility.

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