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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

Last week, Nifty ended its four-week winning streak with a reversal. The previous support level of 25,100 has now turned into resistance. As long as this level isn't surpassed, we should be wary of potential weakness in the Nifty, with a drop to 24,500 also possible. Any rallies should be approached with caution until Nifty can break above 25,100.

Similarly, Bank Nifty now faces strong resistance at 51,250. A decline to 50,000, and possibly even to 49,700, cannot be ruled out. Given the expected market volatility in the coming days, investors should be cautious when selecting stocks and maintain light positions to better manage the current fluctuations.

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