Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Quote on Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
In a relatively subdued trading session, the Nifty stayed within a narrow range and ended nearly flat, closing up by 11.65 points, or 0.047%, at 24,823.15. Similarly, the Bank Nifty also saw limited movement, finishing slightly lower by 52.25 points, or 0.10%, at 50,933.45.
Overall market sentiment remained cautious, mirroring a global wait-and-see stance ahead of the US Fed Chair's upcoming speech at Jackson Hole. We recommend keeping a positive outlook on the Nifty, as long as it remains above the 24,500 level. For the Bank Nifty, following a phase of consolidation, there is potential for a short-term rise towards the 51,500–51,900 range, with a stop-loss advised at 50,400 for long positions.
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