Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online

2024-03-20 10:33:35 am | Source: PR Agency

Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

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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

Global signals are mixed, with attention centered on the Fed Meeting. FII selling is intensifying pressure, yet domestic funds are providing support. In today's expiry, the 46500 Call strike stands out with significant Open Interest, likely serving as an immediate resistance level. Conversely, 46000 is anticipated to offer support on the downside.

Nifty retreated below the 22000 mark, driven by selling pressure in the technology sector. Notably, substantial writing was observed at the 22000 Call strike, suggesting it could act as a near-term resistance zone.

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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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