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

The benchmark Sensex and Nifty indices are expected to open on a flat note on June 20, following GIFT Nifty trends indicating a loss of 07 points for the broader index.

After a flat opening, Nifty can find support at 24,700 followed by 24,600 and 24,500. On the higher side, 24,850 can be an immediate resistance, followed by 24,900 and 25,000.

The charts of Bank Nifty indicate that it may get support at 55,400 followed by 55,200 and 55,000. If the index advances further, 55,800 would be the initial key resistance, followed by 56,000 and 56,200.

The Foreign institutional investors (FIIs) extended their buying on the third consecutive day on June 19 as they bought equities worth Rs 934 crore. On the other hand, Domestic institutional investors (DIIs) also extended their buying as they bought equities of Rs 605 crore on the same day.

INDIAVIX was negative Yesterday down by 0.14% and is currently trading at 14.2550.

Yesterday, the Indian benchmark indices opened on a flat note and traded sideways for most of the session, lacking clear directional momentum. Market participants remained cautious amid subdued activity, leading to a range-bound movement throughout the day. The Indian equity indices ended marginally lower in yet another volatile session on June 19, with the Nifty closing below the 24,800 mark. Adding to the cautious undertone, global markets traded with mixed sentiment. Meanwhile, Foreign Institutional Investors (FIIs) extended their buying, which provided some support to investor sentiment. From a technical perspective, strong support for the Nifty is placed at 24,700, followed by the 24,550–24,450 zone; a breach below these levels could trigger extended selling pressure. On the upside, the index must reclaim and sustain above 24,900, with the 25,000–25,200 zone acting as a critical hurdle for any meaningful upside. Given the ongoing geopolitical tensions and fragile global cues, traders are advised to maintain a cautious stance, avoid large overnight exposures, and strictly adhere to stop-loss levels while navigating short-term opportunities.

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