25-09-2024 02:40 PM | Source: PR Agency
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 Sensex and Nifty traded flat today after reaching record highs yesterday. We expect the Nifty to consolidate around the 26,000 mark, and any corrections toward the 25,800-25,850 range may present opportunities for new long positions.
Meanwhile, the Bank Nifty saw profit booking from elevated levels, closing in the red after an eight-session rally yesterday. For today’s weekly expiry, we anticipate the Bank Nifty to consolidate around 54,000, though our outlook remains positive. Dips toward 53,750 could offer chances to establish fresh long positions. With both domestic and global sentiments favorable, some sideways movement is possible, but the overall trend remains upward. It’s essential to adhere to stop-loss levels in your trading strategies.
Meanwhile, the Bank Nifty saw profit booking from elevated levels, closing in the red after an eight-session rally yesterday. For today’s weekly expiry, we anticipate the Bank Nifty to consolidate around 54,000, though our outlook remains positive. Dips toward 53,750 could offer chances to establish fresh long positions. With both domestic and global sentiments favorable, some sideways movement is possible, but the overall trend remains upward. It’s essential to adhere to stop-loss levels in your trading strategies.
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