13-02-2024 11:44 AM | Source: PR Agency
Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
![](https://portfolio.investmentguruindia.com/uploads/news/shrey jain.jpg)
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
Below the Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Given the mixed signals in global markets, the Indian stock indices, Sensex and Nifty , are expected to begin cautiously today.
For Bank Nifty, resistance is likely near the 45,500 Call strike, which has significant Open Interest of approximately 33 lakhs shares. Additionally, notable Open Interest of around 18 lakh shares is observed at the 44,500 Put strike.
As for Nifty, the short-term trend is negative, indicating a potential "sell on rise" strategy as long as Nifty remains below the 21,850 mark. Support is seen at 21,500 on the downside.
For Bank Nifty, resistance is likely near the 45,500 Call strike, which has significant Open Interest of approximately 33 lakhs shares. Additionally, notable Open Interest of around 18 lakh shares is observed at the 44,500 Put strike.
As for Nifty, the short-term trend is negative, indicating a potential "sell on rise" strategy as long as Nifty remains below the 21,850 mark. Support is seen at 21,500 on the downside.
Above views are of the author and not of the website kindly read disclaimer
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/Ashish Khandelia - Founder at Certus Capital & Earnnest.me.jpg)
Quote on?Budget 2024 by Mr. Ashish Khandelia, Founde...
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
Evening Roundup : A Daily Report on Bullion Energy &...
![](https://portfolio.investmentguruindia.com/uploads/news/soyabean.jpg)
Stable Soyabean Acreage Despite Regional Shifts : SO...
![](https://portfolio.investmentguruindia.com/uploads/news/Gold 1.jpg)
Quote on Gold and Crude by Kaynat Chainwala, AVP-Com...
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_2.jpg)
Daily Market Commentary : Nifty witnessed a post-bud...
![](https://portfolio.investmentguruindia.com/uploads/news/Ravi Kaushik, Flourish venture.jpg)
Quote on Post Budget by Ravi Kaushik, Executive Dire...
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Market Wrap Up by Shrikant Chouhan, Head Equity Rese...
![](https://portfolio.investmentguruindia.com/uploads/news/202407243192420.jpg)
India emerging superpower of 21st century: UK Foreig...
![](https://portfolio.investmentguruindia.com/uploads/news/Nikunj Agarwal.jpg)
Quote on Post Budget by Nikunj Agarwal - Head - Fund...
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
Abolishing angel tax to benefit entire Indian startu...
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_2.jpg)
Daily Market Commentary : Nifty witnessed a post-budget impact and traded in negative territ...
More News
![](https://portfolio.investmentguruindia.com//uploads/news/Ajit Mishra.jpg)
Daily Market Analysis : After the flat start, Nifty oscillated in a narrow range and finally...
![Coming week`s market report from Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd.](https://portfolio.investmentguruindia.com/uploads/news/Arvinder Singh Nanda, Master Capital Services Ltd.jpg)
Coming week`s market report from Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd.
![Quote on Nifty : Nifty has dipped below its previous swing high on the daily chart, indicating a decline in bullish sentiment Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/uploads/news/31f76dc977de6d7ae852e9c51787cbf0.jpg)
Quote on Nifty : Nifty has dipped below its previous swing high on the daily chart, indicating a decline in bullish sentiment S...
![Daily Market Analysis : Markets started the week on a muted note and ended unchanged, taking a breather after the recent slide Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/58536647fa6e0a4192d3c5e6fd0816fa.jpg)
Daily Market Analysis : Markets started the week on a muted note and ended unchanged, taking a breather after the recent slide ...