Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _16.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 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
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railway_98.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/OilIndialtd26feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/PowerSector_09Feb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebull Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/indian stock market.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/navy23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Federal Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/navy23.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
The index started the session with a negative gap 24530-24445 - ICICI Direct
![Nifty closed below its 5-day moving average support line forming a `Spinning Top` formation on its daily scale - Tradebulls Securities Pvt Ltd](https://portfolio.investmentguruindia.com/uploads/news/Tradebull Securities.jpg)
![Market is expected to open on a flattish note and likely to witness volatile move during the day - Nirmal Bang Ltd](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![Banking index is likely to trade in line with the benchmark index today with support at 50500 - 50000 level and resistance at 53000 - 53500 level - Monarch Networth Capital Ltd](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)