Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
The market experienced increased volatility with the union budget scheduled for tomorrow. After opening in the red, the market is traded on a lackluster note on Monday.
Looking ahead, we believe the Nifty may find support near the 24350 levels, a move below these levels, the profit-taking phase could drive it towards the 23800 - 24000 in the eventful week. For above range, Nifty can see resistance 24585 - 24650.
Overall, the broader market is expected to remain under pressure due to ample opportunities for profit booking. Going into the Budget the market will be trading cautiously, but If the Budget delivers on expectations, aggressive retail buying can lift the market to new highs.
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