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Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
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Below the Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
For the day, we expect Nifty to maintain a positive bias, providing an opportunity for fresh long positions around the 22000 level. The short-term outlook for Nifty remains optimistic. However, further consolidation or a minor dip in the upcoming sessions cannot be ruled out. Today, the immediate support level for Nifty is positioned at 21,950 levels.
Similarly, Bank Nifty has sustained its bullish momentum and closed near a one-month high. According to option data analysis, the 46000 Put strike holds significant open interest, likely serving as immediate support. Conversely, the 47000 level is expected to present an immediate hurdle.
Above views are of the author and not of the website kindly read disclaimer
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