Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Funding.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Myntra_trent.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FPI_09.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_87.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Krishna Appala.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Alchemy Capital Management.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_88.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/broker_1.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
Weekly Note by Mr. Ajit Mishra, SVP - Research, Religare Broking Ltd
![Market Quote : Global markets are currently resonating with the US Fed`s pledges of a rate cut in September says Vinod Nair, Head of Research, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/Broker_87.jpg)
![Quote on Market by Krishna Appala, Sr. Research Analyst, Capitalmind Research](https://portfolio.investmentguruindia.com/uploads/news/Krishna Appala.jpg)
![Daily Market Commentary : Nifty traded in positive territory throughout the session on the last day of the month and made a fresh high above 25200 levels Says Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/uploads/news/Broker_88.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/broker_1.jpg)
Pre-market comment by Deven Mehata, Choice Broking Ltd
![Market Quote : Elevated long-term interest rate trends and a weakening global economy continue to hurt inflows and market movement Says Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/broker_1.jpg)
![Daily Market Analysis : The broader indices too extended their up move and gained in the range of 0.5%-0.8% Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Pre-Market Comment by Hardik Matalia , Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _12.jpg)