05-03-2024 10:38 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
The Indian stock market indices, Sensex and Nifty 50, are poised for a steady opening today, influenced by subdued signals from the global market. Option data suggests a positive bias for Nifty trading. Any potential correction towards the 22300 levels could prompt fresh long positions. Notably, the 22400 Call strike in Nifty holds significant Open Interest approx 62 lakhs shares, while the 22200 Put strike shows substantial Open Interest approx 84 lakhs shares. In the coming days, Nifty is expected to move towards the 22500 zone.
Regarding Bank Nifty, the 47000 Put strike exhibits considerable Open Interest, likely serving as immediate support, while the 48000 level is anticipated to pose as a resistance area. An overall strategy of buying on dips is recommended, with a cautious approach towards mid/small caps.
Regarding Bank Nifty, the 47000 Put strike exhibits considerable Open Interest, likely serving as immediate support, while the 48000 level is anticipated to pose as a resistance area. An overall strategy of buying on dips is recommended, with a cautious approach towards mid/small caps.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Buy Clean Science and Technology Ltd For Target Rs.1...
Buy Somany Ceramics Ltd For Target Rs.950 By JM Fin...
Buy Gold Above 72200 SL BELOW 71900 TGT 72550/72800 ...
Indian startups raised nearly $7 billion in first ha...
Committed to learning from India how to make AI more...
World Bank classifies Mongolia as upper middle incom...
Government`s focus on non-polluting energy sources t...
Madhya Pradesh Finance Minister Jagdish Devda to pre...
Accounting firm RSM's US arm plans to more than doub...
Buy Bharti Airtel Ltd For Target Rs. 1,480 By JM Fin...
Tag News
Sensex touches 80,000 for first time, Nifty at all-time high
Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
Daily Market Analysis : Markets edged higher, gaining over half a percent, driven by favorable cues Says Mr. Ajit Mishra, Religare Broking Ltd
Quote on Kotak Mutual Funds for Sensex at 80000 by Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Co. Ltd