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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

Yesterday, Nifty saw a significant recovery from its intraday low and closed above the 22,100 level. For today, the 22,300 Call strike has considerable open interest (OI), likely serving as an immediate resistance area. On the downside, the 22,000 level is expected to act as support. Specifically, the 22,300 Call strike has notable OI of approximately 96 lakh shares, while the 22,000 Put strike has substantial OI of around 81 lakh shares.
The Bank Nifty outperformed Nifty, driven by a rebound in HDFC Bank and other private sector banks. Option data indicates that the 48,000 Call strike is pivotal. If the Bank Nifty sustains above the 48,000 level, a move towards 48,500 is anticipated.

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