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Below the Quote On Pre-market comment by Deven Mehata, Research Analyst, Choice Broking Ltd

The benchmark Sensex and Nifty indices are expected to open Positive on SEPT 12, following GIFT Nifty trends indicating a gain of 130 points for the broader index.

After a gap up opening Nifty can find support at 25,000 followed by 24,900 and 24,800. On the higher side, 25,150 can be an immediate resistance, followed by 25,250 and 25,300.

The charts of Bank Nifty indicate that it may get support at 51,000, followed by 50,800 and 50,700. If the index advances further, 51,300 would be the initial key resistance, followed by 51,500 and 51,600.

The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 1755 crore on September 11, while domestic institutional investors sold equities worth Rs 230 crore on the same day.

INDIAVIX was positive yesterday up by 2.00% and is currently trading at 13.6275. 

Yesterday after CPI data in US we have witnessed huge volatility in US markets. Dow Jones has shown a move of more than 800 points yesterday with recovery from lower levels. Traders should manage their positions and should trade with stop loss. On the weekly expiry Nifty has a strong resistance near 25125 levels. If Nifty manages to trade above mentioned resistance we can witness short covering towards the next resistance of 25300 levels.

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