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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 10 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 85 points.

Nifty can find support at 22,580 followed by 22,550 and 22,500. On the higher side, 22,750 can be an immediate resistance, followed by 22,800 and 22,900.

The charts of Bank Nifty indicate that it may get support at 48,500, followed by 48,300 and 48,200. If the index advances, 48,900 would be the initial key resistance, followed by 49,000 and 49,200.

Foreign institutional investors (FIIs) net sold shares worth Rs 593.20 crore, while domestic institutional investors (DIIs) bought Rs 2,257.18 crore worth of stocks on April 9, provisional data from the NSE showed.

INDIAVIX was Negative by 2.20 percent and is currently trading at 11.3550.

Global markets closed flat yesterday after recovering from lows. The Nifty and Bank Nifty may trade turbulent today due to their weekly expiry dates.  Traders should try purchasing on dips with a stop loss around 22500. The market could rise to 23000 in the following days.

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