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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 flat to positive on June 11, following GIFT Nifty trends indicating a gain of 40 points for the broader index.

Nifty can find support at 23,200 followed by 23,100 and 23,000. On the higher side, 23,400 can be an immediate resistance, followed by 23,500 and 23,600.

The charts of Bank Nifty indicate that it may get support at 49,700, followed by 49,500 and 49,400. If the index advances further, 50,000 would be the initial key resistance, followed by 50,200 and 50,400.

Foreign institutional investors (FIIs) extended their buying on the second day on June 10 as they bought Indian equities worth Rs 2,572.38 crore , while domestic institutional investors turned net buyers as they purchased equities worth Rs 2,764.46 crore on the same day.

INDIAVIX was negative yesterday by 2.87% and is currently trading at 16.3975.

Yesterday Nifty made a fresh all-time high at 23411 levels and we also witnessed some profit booking with Nifty closing flat to slight negative at 23259 levels. Traders holding a long position can hold with a trailing stop loss of 23150 levels on a closing basis. Fresh long position can be initiated near 23200 with the mentioned stop loss for the target of 23500.

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