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

The benchmark Sensex and Nifty indices are expected to open negative on Dec 18, following GIFT Nifty trends indicating a loss of 60 points for the broader index.

After a negative opening, Nifty can find support at 24,200 followed by 24,000 and 23,900. On the higher side, 24,500 can be an immediate resistance, followed by 24,600 and 24,800.

The charts of Bank Nifty indicate that it may get support at 52,500 followed by 52,200 and 51,900. If the index advances further, 53,200 would be the initial key resistance, followed by 53,500 and 53,800.

Foreign institutional investors (FIIs) extended their selling as they sold equities worth Rs 6,409 crore on December 17, while domestic institutional investors bought equities worth Rs 2,706 crore on the same day.

INDIAVIX was positive Yesterday up by 3.32% and is currently trading at 14.4850.

Yesterday, the Indian markets experienced highly volatility, with the Nifty index facing selling pressure and closing on a negative note near the 24,300 mark. Global markets reflected mixed sentiments, as the Dow Jones ended lower ahead of the Federal Reserve's decision. Foreign Institutional Investors (FIIs) continued their selling, signaling a cautious market outlook. On the downside, the 24,200 level serves as crucial support. A breach of this level could push the index further down toward the 24,000–23,800 range. On the upside, 24,600 is a key resistance level. A sustained close above this point is necessary to reverse the current bearish trend, with the next resistance at 24,800. A strong close above 24,800 could pave the way for fresh buying opportunities. In this volatile environment, traders are advised to remain cautious, use strict stop-loss strategies, and avoid carrying long positions overnight to mitigate risks.

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