Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
The benchmark Nifty and Bank Nifty indices are poised to start the day on a positive note, with Nifty showing strength around the 22700 mark, while Bank Nifty is expected to maintain its position around 48650.
Throughout the day, we anticipate Nifty to sustain its upward momentum. If there's a correction towards the 22550 level in Nifty spot, it could present an opportunity for fresh long positions. Notably, the 22800 Call strike in Nifty has significant Open Interest (OI) of approximately 48 lakhs shares, while the 22500 Put strike holds substantial OI of around 91 lakhs shares.
Looking at the option data, Bank Nifty is likely to consolidate near the current levels, with both Call and Put strikes at 48500 showing substantial OI. Nevertheless, our outlook remains positive as long as Bank Nifty holds above the 48000 mark.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Gold Jewellery.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mutual Fund 21.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Utkarsh Small Finance Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/real estate sector_856.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Home Finance_12.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coocker57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IDBI Bank 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/UPI Auto Pay.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Rupee_040124.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/apple57.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebull Securities.jpg)
Weekly option data indicates an immediate band of 24500-24200 itself - Tradebulls Securities
![Benchmark index is likely to trade volatile today. Index has support at 24100 - 24050 level - Monarch Networth Capital Ltd](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
![Nifty opened with an upward gap and remained lacklustre within a narrow trading range throughout the day - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![Bought Index Futures to the tune of 898.20 Cr - Axis Securities Ltd](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/e744b9d6ee46fb7f32df6d56f2fe236c.jpg)
Morning market quote : The `sell on rally` market construct is likely to change in October S...
![Daily Market Analysis : On the benchmark front, Nifty opened with an upside gap and hovered in a narrow range thereafter Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com//uploads/news/Ajit Mishra.jpg)
![Perspective on Market by Mr. Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _19.jpg)
![Daily Market Commentary : Nifty opened positive but soon lost some sheen to close flat at 21931 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker_8.jpg)