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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 Aug 30, following GIFT Nifty trends indicating a gain of 20 points for the broader index.

Nifty can find support at 25,100 followed by 25,050 and 25,000. On the higher side, 25,200 can be an immediate resistance, followed by 25,250 and 25,300.

The charts of Bank Nifty indicate that it may get support at 51,100, followed by 51,000 and 50,900. If the index advances further, 51,350 would be the initial key resistance, followed by 51,500 and 51,600.

The foreign institutional investors (FIIs) bought equities worth Rs 3259 crore on August 29, while domestic institutional investors extended their buying as they bought equities worth Rs 2690 crore on the same day.

INDIAVIX was flat to negative yesterday down by 1.16% and is currently trading at 13.7875.

Indian markets made a record high in Nifty on intraday as well as closing basis. Yesterday’s GDP data in the US was positive and US benchmark indices also made a fresh high on intraday as well as closing basis indicating strength in the markets. The traders holding long positions on Nifty can hold with a trailing stop loss of 25000 on closing basis.

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