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
Today, Indian equity benchmark indices surged in early trading after a significant decline the previous day. For Nifty, the index is currently in a weak position, with the next support level expected to be between 23,700 and 23,800. On the upside, resistance is anticipated in the range of 24,500 to 24,600.
In Bank Nifty, significant call writing activity is observed between the 51,500 and 52,000 levels, suggesting robust resistance. Meanwhile, the put base is firmly positioned at the 49,000 and 50,000 strikes, highlighting crucial support zones.
As we look ahead, ongoing volatility is expected due to the forthcoming RBI policy announcement and a range of global uncertainties, including the unwinding of Yen carry trades, recession fears in the US, and escalating tensions in the Middle East. In light of these factors, adopting a cautious, wait-and-watch approach may be advisable before committing to new positions.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/aug14v49.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Sunil Barthwal 14.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/PmModi14.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/independentday.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug14v23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug14v21_wVOWe9t.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/aug14v11_HtCpcfw.jpg)
Top News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/11/76d98476ab95d3dc22a2b27894bb3281.jpg)
Government tax collection kitty to surpass budget estimates this financial year: Tarun Bajaj
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
Daily Market Commentary : Nifty traded sideways throughout the session to finally close flat...
![Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![Post Market Comment by Hardik Matalia, Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![Daily Market Analysis : The markets remained lackluster and closed flat, taking a pause after Tuesday`s decline Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/shrey jain.jpg)
Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
![Market Wrap Up : Technically, after a gap up opening the benchmark indices witnessed profit booking at higher levels Says Shrikant Chouhan, Head Equity Research, Kotak Securities](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![Morning market quote : Global and domestic cues favour continuation of the ongoing rally in the market despite high valuations Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker _23.jpg)
![Daily Market Analysis : The markets traded positively for the fourth consecutive session, gaining over half a percent, continuing the current uptrend Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)