Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Yesterday, NIFTY opened with a strong gap-up, comfortably trading above the 24,500 mark, where it consolidated its gains and sustained its winning momentum. Looking ahead, we expect NIFTY to maintain a positive bias, aiming for the 24,750 level, with immediate support anticipated at 24,500.
Meanwhile, Bank NIFTY had a volatile session but ultimately closed in the green. For today's expiry, significant open interest is observed at the 52,000 put and 53,000 call strikes, with notable OI at 52,500, indicating range-bound activity. Traders should monitor these key levels and take action if they are breached.
Overall, we expect the bullish sentiment to continue, with no reversal signals visible on the charts. Any dips appear to be buying opportunities as the trend remains intact.
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