25-04-2024 11:48 AM | 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
Yesterday, the market witnessed another session of trading within a tight range around the 22400 mark. Analysis of option data indicates an increase in open interest for both At-The-Money (ATM) and near ATM Call and Put strikes, suggesting a continued period of consolidation. However, a clear move beyond the range of 22300 to 22450 will indicate a breakout.
Regarding the Bank Nifty, a breakthrough above 48200 is anticipated to trigger short covering activity. Until such a move occurs, consolidation is likely to persist within the range of 47500 to 48200. Traders are advised to consider buying opportunities during any downward movements in the market.
Regarding the Bank Nifty, a breakthrough above 48200 is anticipated to trigger short covering activity. Until such a move occurs, consolidation is likely to persist within the range of 47500 to 48200. Traders are advised to consider buying opportunities during any downward movements in the market.
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