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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 May 22, as indicated by GIFT Nifty trends, which suggest a mild loss of 57 points for the broader index.

After the flat start, Nifty may find immediate support at 24,600, followed by 24,500 and 24,400. On the upside, 25,000 will act as the first resistance level, followed by 25,400 and 25,600.

For the Bank Nifty, support is seen at 54,700, followed by 54,400 and 54,000. If the index moves higher, initial resistance is placed at 55,500, followed by 55,800 and 56,100.

On the institutional front, Foreign Institutional Investors (FIIs) were net buyers with inflows worth ?2,201.79 crore on May 21. Domestic Institutional Investors (DIIs) also remained net buyers, purchasing equities worth ?683.77 crore on the same day.

India VIX declined by 0.93% and is currently trading at 17.5475, indicating relatively stable volatility in the market.

Technically, a breakout above or below the inside bar's range could offer clear directional cues. On the downside, 24,600 remains a critical immediate support, with stronger support near 24,500. A breakdown below this level could increase selling pressure and drag the index toward the 24,300–24,000 zone.

On the upside, 24,900 acts as the initial resistance, while 25,000 is a key psychological barrier. A decisive move above this level may trigger a bullish rally toward the 25,200–25,500 zone

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