Pre-market comment by Deven Mehata, Choice Broking
Below the Quote on Pre-market comment by Deven Mehata, Research Analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open positively on May 15, following GIFT Nifty trends indicating a gain of 60 points for the broader index.
Nifty can find support at 22,150 followed by 22,100 and 22,000. On the higher side, 22,300 can be an immediate resistance, followed by 22,350 and 22,400.
The charts of Bank Nifty indicate that it may get support at 47,700, followed by 47,500 and 47,400. If the index advances, 48,000 would be the initial key resistance, followed by 48,150 and 48,300.
FIIs sold shares worth Rs 4,065.52 crore. DIIs pumped in Rs 3,527.86 crore worth of stocks on May 14
INDIAVIX was negative yesterday by 1.97 percent and is currently trading at 20.1950.
Yesterday, Indian markets performed positively and closed above 22200 levels. Yesterday, even the US markets closed positive. Traders holding long positions should maintain a trailing stop loss of 22100 on a closing basis. On the higher side, Nifty resistance is at 22300-22400, thus traders can book profits near this level.
The benchmark Sensex and Nifty indices are expected to open positively on May 15, following GIFT Nifty trends indicating a gain of 60 points for the broader index.
Nifty can find support at 22,150 followed by 22,100 and 22,000. On the higher side, 22,300 can be an immediate resistance, followed by 22,350 and 22,400.
The charts of Bank Nifty indicate that it may get support at 47,700, followed by 47,500 and 47,400. If the index advances, 48,000 would be the initial key resistance, followed by 48,150 and 48,300.
FIIs sold shares worth Rs 4,065.52 crore. DIIs pumped in Rs 3,527.86 crore worth of stocks on May 14
INDIAVIX was negative yesterday by 1.97 percent and is currently trading at 20.1950.
Yesterday, Indian markets performed positively and closed above 22200 levels. Yesterday, even the US markets closed positive. Traders holding long positions should maintain a trailing stop loss of 22100 on a closing basis. On the higher side, Nifty resistance is at 22300-22400, thus traders can book profits near this level.
The benchmark Sensex and Nifty indices are expected to open positively on May 15, following GIFT Nifty trends indicating a gain of 60 points for the broader index.
Nifty can find support at 22,150 followed by 22,100 and 22,000. On the higher side, 22,300 can be an immediate resistance, followed by 22,350 and 22,400.
The charts of Bank Nifty indicate that it may get support at 47,700, followed by 47,500 and 47,400. If the index advances, 48,000 would be the initial key resistance, followed by 48,150 and 48,300.
FIIs sold shares worth Rs 4,065.52 crore. DIIs pumped in Rs 3,527.86 crore worth of stocks on May 14
INDIAVIX was negative yesterday by 1.97 percent and is currently trading at 20.1950.
Yesterday, Indian markets performed positively and closed above 22200 levels. Yesterday, even the US markets closed positive. Traders holding long positions should maintain a trailing stop loss of 22100 on a closing basis. On the higher side, Nifty resistance is at 22300-22400, thus traders can book profits near this level.
The benchmark Sensex and Nifty indices are expected to open positively on May 15, following GIFT Nifty trends indicating a gain of 60 points for the broader index.
Nifty can find support at 22,150 followed by 22,100 and 22,000. On the higher side, 22,300 can be an immediate resistance, followed by 22,350 and 22,400.
The charts of Bank Nifty indicate that it may get support at 47,700, followed by 47,500 and 47,400. If the index advances, 48,000 would be the initial key resistance, followed by 48,150 and 48,300.
FIIs sold shares worth Rs 4,065.52 crore. DIIs pumped in Rs 3,527.86 crore worth of stocks on May 14
INDIAVIX was negative yesterday by 1.97 percent and is currently trading at 20.1950.
Yesterday, Indian markets performed positively and closed above 22200 levels. Yesterday, even the US markets closed positive. Traders holding long positions should maintain a trailing stop loss of 22100 on a closing basis. On the higher side, Nifty resistance is at 22300-22400, thus traders can book profits near this level.
The benchmark Sensex and Nifty indices are expected to open positively on May 15, following GIFT Nifty trends indicating a gain of 60 points for the broader index.
Nifty can find support at 22,150 followed by 22,100 and 22,000. On the higher side, 22,300 can be an immediate resistance, followed by 22,350 and 22,400.
The charts of Bank Nifty indicate that it may get support at 47,700, followed by 47,500 and 47,400. If the index advances, 48,000 would be the initial key resistance, followed by 48,150 and 48,300.
FIIs sold shares worth Rs 4,065.52 crore. DIIs pumped in Rs 3,527.86 crore worth of stocks on May 14
INDIAVIX was negative yesterday by 1.97 percent and is currently trading at 20.1950.
Yesterday, Indian markets performed positively and closed above 22200 levels. Yesterday, even the US markets closed positive. Traders holding long positions should maintain a trailing stop loss of 22100 on a closing basis. On the higher side, Nifty resistance is at 22300-22400, thus traders can book profits near this level.
Above views are of the author and not of the website kindly read disclaimer
