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
Today, the Sensex and Nifty 50 are expected to trade cautiously due to mixed signals from international markets. For today’s expiry, Bank Nifty is likely to experience volatility with a key range expected between 46000-47000 levels. Significant open interest is observed at 47000 Call and 46000 Put strikes, indicating potential price movements. For Nifty, the support level is at 21850 while the resistance level stands at 22125.
Given the shortened trading week, coupled with the monthly derivatives expiry and upcoming global economic data, investors are advised to adopt a cautious wait-and-watch stance.
Above views are of the author and not of the website kindly read disclaimer
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