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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

Although the benchmark domestic indices started the day with positive momentum, still they are facing significant resistance levels that could challenge further gains. The Nifty index is currently stabilizing around its key Call levels of 24,500 and 24,600. If it manages to stay above 24,600, it could trigger short covering and potentially drive the index up to around 24,800. The 24,600 Call strike has significant open interest of about 53 lakh shares, showing strong market activity. On the Put side, the 24,500 strike also has notable open interest with approximately 51 lakh shares.

The Bank Nifty has been somewhat lackluster due to selling pressure on major private sector banks, which has capped its gains. We expect the Bank Nifty to remain within a broader range of 50,300 to 51,000. Overall, market sentiment remains optimistic, making a "buy on dips" strategy still a good approach.

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