Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
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Despite escalating geopolitical concerns in the Middle East, the Indian stock market remains resilient, with the Sensex and Nifty achieving new record highs for the fourth consecutive session today.
The Nifty is expected to trade near the 26,000 level, with potential to reach 26,200. The 26,000 Call strike has significant open interest (OI) of around 67 lakh shares, while the 25,700 Put strike has an OI of approximately 60 lakh shares. In the Bank Nifty, broad-based buying has been observed, with a projected move toward 54,500 and immediate support at 53,500. Fresh long positions may be considered on any pullback.
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