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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

The benchmark equity indices Sensex and Nifty commenced the trading session at unprecedented peaks, driven by significant gains in the heavyweight HDFC Bank. Additionally, the Nifty midcap index reached a milestone, breaching the 50,000 mark for the first time.

As we approach today’s expiry, notable open interest resides at the 22500 Call strike, potentially serving as a resistance level. However, should the Nifty spot price sustain above 22500, it could trigger short covering among Call writers.

It's worth noting that Bank Nifty has demonstrated stronger performance compared to Nifty, largely driven by increased buying activity in HDFC Bank. Looking ahead, we anticipate Bank Nifty to maintain its positive bias, consolidating within the broader range of 47500 to 48000 levels throughout the trading day.

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