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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 market kicked off the week with volatility, driven by profit-taking across broader indices. For today’s Nifty expiry, we foresee limited upside potential, with a possible decline towards the 24,000 mark.

Bank Nifty is expected to show a negative bias today. A rebound near 50,500 could present an opportunity to open new short positions. Nifty is encountering strong resistance at 24,400 and remains bearish below this level, while Bank Nifty also faces significant resistance at 50,300 and is bearish beneath it.

As tomorrow is a holiday, we might see some short covering later in the day. Going  ahead, global cues are likely to maintain market volatility.

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