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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 on June 7, following GIFT Nifty trends indicating a gain of 15 points for the broader index.

Nifty can find support at 22,700 followed by 22,600 and 22,500. On the higher side, 22,900 can be an immediate resistance, followed by 22,950 and 23,000.

The charts of Bank Nifty indicate that it may get support at 49,000, followed by 48,800 and 48,700. If the index advances further, 49,500 would be the initial key resistance, followed by 49,700 and 49,800.

Foreign institutional investors (FIIs) continued their selling for a third consecutive session on June 6 as they offloaded Indian equities worth Rs 6,867.7 crore , while domestic institutional investors bought equities worth Rs 3,718.38 crore on the same day.

INDIAVIX was negative yesterday by 11.04% yesterday and is currently trading at 16.8000.

Yesterday markets traded positive and also closed above 22800 levels. Today markets can be volatile with the outcome of RBI policy. Global markets have also traded positive yesterday. Traders holding long positions can hold with a strict stop loss of 22600 on a closing basis.

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