2024-02-22 10:36:22 am | Source: PR Agency
Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Following a positive start, the Nifty experienced a downturn, shedding nearly 200 points from its peak during the day. Looking at today's expiration, the Nifty is expected to encounter selling pressure at higher levels, given the significant Call writing observed at both At-The-Money (ATM) and Out-of-The-Money (OTM) strikes. Notably, the 22200 Call strike in Nifty holds substantial Open Interest (OI) of around 139 lakhs shares, while the 22000 Put strikes also exhibit significant OI, standing at approximately 75 lakhs shares.
In the context of Bank Nifty, we anticipate the possibility of an upward trajectory if it can maintain levels above 47200. However, the current trend appears to be balanced with numerous uncertainties, deviating from the clear direction observed earlier in the week.
In the context of Bank Nifty, we anticipate the possibility of an upward trajectory if it can maintain levels above 47200. However, the current trend appears to be balanced with numerous uncertainties, deviating from the clear direction observed earlier in the week.
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
India, Germany to strengthen cooperation between ind...
NHAI strengthens steps to check air pollution in Del...
Adani Green Energy : BESS-Led recovery amid curtailm...
India's aerospace industry likely to grow twice as f...
Market Commentary (closing) for 22nd October 2026 by...
Quote on Daily Market Commentary for October 22nd 20...
Allu Arjun lauds Rajinikanth's 'Jailer 2'; says film...
Nifty Opens Lower, Tests Key 22,500 Support - GEPL C...
Muhurat trading a time to reflect on trust, knowledg...
Swiggy's Q2 net loss widens sequentially to Rs 922 c...
Tag News
Market Commentary (closing) for 22nd October 2026 by Bajaj Broking
Quote on Daily Market Commentary for October 22nd 2026 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd
Nifty Opens Lower, Tests Key 22,500 Support - GEPL Capital
Quote on Post market comment for Thursday October 22 Hitesh Tailor, Technical Research Analyst at Choice Broking
More News
Quote on Post market comment for Wednesday October 21 Hitesh Tailor, Technical Research Anal...
Pre-Market Commentary on Nifty & Bank Nifty for 21st October 2026 by Pabitro Mukherjee, Deputy Vice President-Research, Bajaj B...
Quote on Pre-market comment for Wednesday October 21 by Sachin Gupta, VP-Technical Research at Choice Broking
Quote on FPI October 2026 from Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India