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Below the Quote on Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking Ltd

The benchmark Sensex and Nifty indices are expected to open positive on Oct 14, following GIFT Nifty trends indicating a gains of 32 points for the broader index.

After a positive opening, Nifty can find support at 24,900 followed by 24,800 and 24,700. On the higher side, 25,050 can be an immediate resistance, followed by 24,150 and 25,250.

The charts of Bank Nifty indicate that it may get support at 51,000, followed by 50,800 and 50,500. If the index advances further, 51,300 would be the initial key resistance, followed by 51,500 and 51,800.

The foreign institutional investors (FIIs) sold equities worth Rs 4,162 crore on October 11, on the other hand, domestic institutional investors bought equities worth Rs 3730 crore on the same day.

INDIAVIX was negative on Friday down by 2.04% and is currently trading at 13.2200.

On Friday, the Indian market traded sideways and ended below the 25,000 mark for the second consecutive day, with continued FII selling. In contrast, global markets traded positively, supported by strong quarterly earnings. Looking ahead, the index may encounter immediate resistance at 25,050, followed by 25,200. On the downside, if the index falls below 24,750, further selling pressure could drive it toward the 24,500–24,200 range. Traders are advised to stay cautious, maintain strict stop-loss levels, and avoid holding long positions overnight to mitigate risks in this volatile market environment.

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