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Below the Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Mixed global trends left domestic equities without clear direction, leading to a volatile trading day for Nifty, which struggled to hold above 24,400. At this level, the Call strike shows a notable open interest of approximately 47 lakh shares, while the Put strike at 24,300 has a significant open interest of around 39 lakh shares.

Despite this, the near-term uptrend for Nifty 50 remains intact, although the short-term trend is marked by volatility. For a definitive signal of stability, Nifty needs to surpass 24,450. Similarly, Bank Nifty must break above the 50,800 level to exhibit strength. Until these thresholds are reached, maintaining caution is advised.

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