Pre-Market Comment by Deven Mehata, Research Analyst, Choice Broking
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _25.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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 Aug 22, following GIFT Nifty trends indicating a gain of 60 points for the broader index.
Nifty can find support at 24,700 followed by 24,650 and 24,600. On the higher side, 24,850 can be an immediate resistance, followed by 24,900 and 25,000.
The charts of Bank Nifty indicate that it may get support at 50,500, followed by 50,300 and 50,100. If the index advances further, 50,800 would be the initial key resistance, followed by 51,000 and 51,200.
The foreign institutional investors (FIIs) sold equities worth Rs 799 crore on August 21, while domestic institutional investors bought equities worth Rs 3097 crore on the same day.
INDIAVIX was negative yesterday down by 3.53% and is currently trading at 13.3325.
We have seen a strong up move in markets with nifty trading above 24700 levels. Today Nifty can approach its next resistance of 25000 levels. Traders holding long positions are advised to book profits in their long position near the mentioned resistance. Also traders can purchase on dips near 24600 levels with a strict stop loss of 24500 on closing basis
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/aug23v72.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug23v29_f9db8bl.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug23v25_c0YkOht.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Foxconn23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Krishna Appala.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug23v2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmala2024.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug23v15_5D0ps03.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/RBI 27 oct.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Amol Athawale.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : The broader indices extended underperformance as the smallcap index ...
![Morning Nifty and Derivative comments 29 November 2023 By Anand James, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/Broker _12.jpg)
![Market closing comments for Monday October 2023 By Mr Shrey Jain, SAS Online](https://portfolio.investmentguruindia.com//uploads/news/shrey jain.jpg)
![Daily Market Analysis : After the flat start, Nifty oscillated in a narrow range and finally settled at 19,694 levels Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com//uploads/news/Ajit Mishra.jpg)