Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The Nifty surged past the 22000 mark, rebounding from recent lows around 21700 amid heightened global volatility last week. However, today both the Sensex and Nifty experienced a decline amidst ongoing market turbulence, with expectations of continued consolidation. From a technical standpoint, Nifty faces resistance at 22250, while maintaining support at 21,950. For the Bank Nifty, support lies within the range of 46575-46725, with resistance at 46975-47175.
Traders are likely to adopt a cautious approach, opting to observe market movements closely. We recommend seizing opportunities to buy quality large-cap stocks during dips. With no significant catalysts in sight, it's anticipated that the market will remain range-bound throughout this holiday-shortened week.
Top News
Piyush Goyal expresses concerns over under-invoicing, imposition of non-tariff barriers by c...
Tag News
Weekly Market Analysis : Markets rebounded after two weeks of profit-taking and gained over ...
More News
The India VIX index is at 14.45 vs 13.87, ATM CE IV 14.00 & PE IV 12.83 - Axis Securities
