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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 negative on June 12, following GIFT Nifty trends indicating a loss of 20 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 49,600, followed by 49,500 and 49,300. If the index advances further, 49,900 would be the initial key resistance, followed by 50,000 and 50,200.

After two days of buying the Foreign institutional investors (FIIs) remained sellers on June 11 as they sold Indian equities worth Rs 111 crore , while domestic institutional investors extended their buying as they purchased equities worth Rs 3193 crore on the same day.

INDIAVIX was negative yesterday by 9.96% and is currently trading at 14.7650.

The Nifty traded sideways yesterday. Also global markets traded mixed with volatile moves in the index. Traders holding long positions should hold with a stop loss of 23150 on a closing basis. We can also witness stock specific action with index trading sideways.

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