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Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Nifty experienced a range-bound trading session yesterday. For today, we anticipate that it will continue to trade within the 24200 - 24500 range. The 24500 Call strike in Nifty has significant open interest (OI) of approximately 49 lakh shares, while the 24200 Put strike also holds considerable OI of around 51 lakh shares.

In Bank Nifty, there is some weakness, with 53000 expected to act as an immediate hurdle on the higher side. The 53000 Call strike in Bank Nifty has notable OI of around 31 lakh shares, while the 52500 Put strike holds OI of over 20 lakh shares. Given the current scenario, it appears to be a buy-on-dips opportunity closer to support, with a stop loss below the support levels.

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