Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram 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 July 23, following GIFT Nifty trends indicating a gain of 30 points for the broader index.
Nifty can find support at 24,450 followed by 24,400 and 24,300. On the higher side, 24,600 can be an immediate resistance, followed by 24,800 and 25,000.
The charts of Bank Nifty indicate that it may get support at 52,000, followed by 51,800 and 51,500. If the index advances further, 52,500 would be the initial key resistance, followed by 52,700 and 53,000.
The foreign institutional investors (FIIs) bought equities worth Rs 3,444 crore, while domestic institutional investors sold equities worth Rs 1,652 crore, on July 22.
INDIAVIX was positive yesterday up by 4.13% and is currently trading at 15.4375.
Nifty may trade erratically during the union budget. The last few days have shown us significant support from FIIs, as their purchases have surged. On a closing basis, traders with long positions should maintain their position with a stop loss at 24300 levels.
Above views are of the author and not of the website kindly read disclaimer
