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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 positive on July 02, following GIFT Nifty trends indicating a gain of 35 points for the broader index.

Nifty can find support at 24,100 followed by 24,000 and 23,950. On the higher side, 24,200 can be an immediate resistance, followed by 24,300 and 24,400.

The charts of Bank Nifty indicate that it may get support at 52,300, followed by 52,100 and 52,000. If the index advances further, 52,800 would be the initial key resistance, followed by 53,000 and 53,200.

The Foreign institutional investors (FIIs) sold equities worth Rs 426 crore on July 1, while domestic institutional investors bought equities worth Rs 3,917.43 crore.

INDIAVIX was flat yesterday up by 0.20% and is currently trading at 13.8300.

Yesterday, Nifty refused to sustain below 24000 and rebounded from the support levels, creating a new all-time high on a closing basis. Traders with long positions can maintain a trailing stop loss of 23950 on a closing basis. We have also seen strong buying from DIIs, showing strength in both mid- and small-cap companies.

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