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Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker
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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
Nifty showed strength throughout yesterday, consistently holding the support level of 24,300. Our outlook for Nifty remains positive, anticipating a move towards the 24,550-24,600 range. On the downside, 24,300 is expected to serve as a major support area.
In contrast, Bank Nifty continued to underperform relative to Nifty. For today's weekly expiry, we expect Bank Nifty to consolidate around the 52,500 level, However, a pullback towards 52,250 could present a buying opportunity. We can await any directional move that may arise from news events. A decisive break in either direction is likely to lead to trending moves.
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