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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 negative on Oct 25, following GIFT Nifty trends indicating a loss of 21 points for the broader index.

After a negative opening, Nifty can find support at 24,300 followed by 24,200 and 24,100. On the higher side, 24,500 can be an immediate resistance, followed by 24,600 and 24,700.

The charts of Bank Nifty indicate that it may get support at 51,200, followed by 51,000 and 50,700. If the index advances further, 51,700 would be the initial key resistance, followed by 51,800 and 52,000.

The foreign institutional investors (FIIs) continued their selling on October 24 as they sold equities worth Rs 5,062crore, while domestic institutional investors bought equities worth Rs 3620 crore on the same day.

INDIAVIX was negative Yesterday down by 4.46% and is currently trading at 13.9700.

Yesterday, the Indian markets experienced a sideways session, opening flat with some early gains that were gradually erased, bringing the index below the 24,400 level by the close. This persistent selling pressure marked the fourth consecutive day of losses, with the markets ultimately ending below this critical threshold, reflecting a bearish sentiment amid ongoing uncertainties. Global markets showed mixed trends, while continued selling by Foreign Institutional Investors (FIIs) remains a significant concern. Looking ahead, a "sell on rise" strategy is recommended, with the 24,550–24,700 range identified as a potential selling zone, as long as the index remains below 25,000. On the downside, the 24,200–24,000 range is viewed as a critical support level. Traders are advised to exercise caution, maintain strict stop-loss measures, and avoid holding long positions overnight to manage risk in this volatile environment.

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