28-05-2024 10:10 AM | Source: PR Agency
Mid Market Comment by Mr Shrey Jain, Founder & CEO SAS Online - India's Deep Discount Broker
Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder & CEO SAS Online - India's Deep Discount Broker
Yesterday, Nifty tested the 23,100 level but failed to maintain its gains and ended flat. Today, we expect Nifty to consolidate around the 23,000 level, as both the 23,000 Call and Put options have substantial open interest. Specifically, the 23,000 Call strike has significant open interest of approximately 64 lakh shares, while the 23,000 Put strike holds around 71 lakh shares in open interest.
For Bank Nifty, the 49,000 Put strike has notable open interest, which is expected to provide support, whereas the 49,500 level is likely to act as a resistance. The volatility index continues to rise ahead of the election results, reaching 23.61. Until June 3rd, we can expect the market to exhibit rollercoaster-like fluctuations.
For Bank Nifty, the 49,000 Put strike has notable open interest, which is expected to provide support, whereas the 49,500 level is likely to act as a resistance. The volatility index continues to rise ahead of the election results, reaching 23.61. Until June 3rd, we can expect the market to exhibit rollercoaster-like fluctuations.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Nail Fashion Trends: The Art of Expressing Style Thr...
Sustainable Living: Tips for a Greener Lifestyle
PM Narendra Modi to attend Christmas celebrations ho...
Government launching 3 apps to protect consumers in ...
Kia to launch compact SUV `Syros` in India next year
GST recommendations to create business-friendly envi...
CII seeks priority sector lending for new and emergi...
The Wealth of Experiences: How Travel and Cultural E...
India`s tax panel rejects airlines` call to add avia...
Rozgar Mela: PM Narendra Modi to distribute 71,000 a...
Tag News
Market Outlook: US bond yields, dollar index, FII data key triggers for next week
Weekly Outlook: Sideways price action strategy remains sell on rise by Lovelesh Sharma, Consultant SAS Online - a deep discount broker
Market Outlook 2025 by Motilal Oswal Wealth Management
Weekly Note : The Markets faced significant pressure this week, losing nearly 5% and wiping out the gains of the past four weeks Says Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
More News
Daily Market Analysis : The broader indices too felt the heat and lost nearly a percent each...
Daily Market Commentary : Nifty opened gap up and saw a one side movement to close with gains of 419 points (+2%) at 20689 leve...
Quote on Nifty : The Nifty continued to exhibit strength as the index reached new highs Says Rupak De, LKP Securities
Pre-Market Comment by Hardik Matalia , Research Analyst, Choice Broking