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 domestic market has experienced a five-day decline due to negative global sentiment and concerns over election results. Today, we anticipate a volatile trading session for Nifty. The 22200 level is expected to serve as major support, while 22700 is likely to act as a resistance area. For Nifty, the 22500 Call strike has significant open interest (OI) of approximately 16 lakh shares, and the 22500 Put strike holds substantial OI of around 20 lakh shares.
Regarding Bank Nifty, the immediate resistance area is expected at 49000. If Bank Nifty manages to sustain above this level, it is likely to move towards the 49700 level.
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