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
The Nifty closed June at its highest levels, reaching the significant 24,000 mark. Technically, it is likely to remain strong as long as it stays above 23,900. Notably, the 24,000 Call strike has significant open interest (OI) of approximately 88 lakh shares. On the Put side, the 24,000 strike holds substantial OI of around 40 lakh shares.
The Bank Nifty index experienced volatility, trading within a broad range, with support at 52,700 and resistance at 53,100. In Bank Nifty, the 53,000 Call strike holds the highest OI of about 30 lakh shares. On the Put side, the highest OI is at the 53,000 strike, with approximately 21 lakh shares.
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