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Below the Quote on Pre-market comment by Deven Mehata, Research Analyst, Choice Broking Ltd

The benchmark Sensex and Nifty are likely to open on a negative note on April 19 as trends in the GIFT Nifty indicate a weak start for the broader market with a loss of 360 points.

After a gap down opening nifty can find support at 21,700 followed by 21,600 and 21,500. On the higher side, 22,000 can be an immediate resistance, followed by 22,050 and 22,100.

The charts of Bank Nifty indicate that it may get support at 46,500, followed by 46,200 and 46,000. If the index advances, 47,100 would be the initial key resistance, followed by 47,150 and 47,200.

Foreign institutional investors (FIIs) net sold shares worth Rs 4,260.33 crore, while domestic institutional investors (DIIs) bought Rs 2,285.52 crore worth of stocks on April 18, provisional data from the NSE showed.

INDIAVIX was Positive by 3.37 percent and is currently trading at 13.0400.

Today morning, there was word that geopolitical tensions were rising, with Israel striking Iran. Traders should maintain very light positions until this news ends. FIIs have been selling in large quantities for the past 4-5 days. If investors find a chance near 21500, they can invest some money for the long run.

The benchmark Sensex and Nifty are likely to open on a negative note on April 19 as trends in the GIFT Nifty indicate a weak start for the broader market with a loss of 360 points.

After a gap down opening nifty can find support at 21,700 followed by 21,600 and 21,500. On the higher side, 22,000 can be an immediate resistance, followed by 22,050 and 22,100.

The charts of Bank Nifty indicate that it may get support at 46,500, followed by 46,200 and 46,000. If the index advances, 47,100 would be the initial key resistance, followed by 47,150 and 47,200.

Foreign institutional investors (FIIs) net sold shares worth Rs 4,260.33 crore, while domestic institutional investors (DIIs) bought Rs 2,285.52 crore worth of stocks on April 18, provisional data from the NSE showed.

INDIAVIX was Positive by 3.37 percent and is currently trading at 13.0400.

Today morning, there was word that geopolitical tensions were rising, with Israel striking Iran. Traders should maintain very light positions until this news ends. FIIs have been selling in large quantities for the past 4-5 days. If investors find a chance near 21500, they can invest some money for the long run.

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