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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 negative on July 24, following GIFT Nifty trends indicating a loss of 60 points for the broader index.

Nifty can find support at 24,400 followed by 24,350 and 24,300. On the higher side, 24,550 can be an immediate resistance, followed by 24,650 and 24,700.

The charts of Bank Nifty indicate that it may get support at 51,600, followed by 51,500 and 51,300. If the index advances further, 52,000 would be the initial key resistance, followed by 52,200 and 52,500.

The foreign institutional investors (FIIs) turned net sellers on July 23 as they sold equities worth Rs 2975 crore, while domestic institutional investors bought equities worth Rs 1418 crore on the same day.

INDIAVIX was negative yesterday down by 17.43% and is currently trading at 12.7475.

After a union budget markets are ready to open with a gap down. India VIX has crashed by 17% which indicates that volatility can decrease for the coming days. Nifty can trade sideways for the day. On the lower side 24300 has a strong support and traders should concentrate on the stock specific action.

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