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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 higher on April 26 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 30 points.

Nifty can find support at 22,500 followed by 22,450 and 22,400. On the higher side, 22,650 can be an immediate resistance, followed by 22,700 and 22,800.

The charts of Bank Nifty indicate that it may get support at 48,300, followed by 48,100 and 48,000. If the index advances, 48,750 would be the initial key resistance, followed by 48,900 and 49,000.

Foreign institutional investors (FIIs) net sold Rs 2,823.33 crore shares, while domestic institutional investors (DIIs) pumped in Rs 6,167.56 crore on April 25, provisional data from the NSE showed.

INDIAVIX was flat to positive by 4.43 percent and is currently trading at 10.7300.

Yesterday Nifty and Bank Nifty gave a strong breakout where Nifty closed above 22500 levels. Nifty can further move higher towards the new all-time high levels. Traders holding a long position should hold with a trailing stop loss of 22450 on a closing basis.

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