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Below the Quote on Pre-Market Comment by Deven Mehata , Research Analyst, Choice Broking

The benchmark Sensex and Nifty indices are expected to open positive on July 15, following GIFT Nifty trends indicating a gain of 90 points for the broader index.

Nifty can find support at 24,400 followed by 24,300 and 24,250. On the higher side, 24,600 can be an immediate resistance, followed by 24,650 and 24,700.

The charts of Bank Nifty indicate that it may get support at 52,000, followed by 51,800 and 51,700. If the index advances further, 52,500 would be the initial key resistance, followed by 52,700 and 52,800.

The foreign institutional investors (FIIs) turned net buyers on July 11 as they bought equities worth Rs 4021 crore, while domestic institutional investors extended their selling as they sold equities worth Rs 1,651 crore.

INDIAVIX was negative on Friday down by 1.93% and is currently trading at 13.7250.

Strong FII’s Buying on Friday will help Indian markets to move higher. Global markets are also trading higher indicating strength. Traders holding a long position on Nifty can hold with a trailing stop loss of 24300 on closing basis. Also fresh long positions can be entered on dips near 24400 with a strict stop loss of 24300 on closing basis.

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