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
Bulls continued to assert their dominance, driving positive momentum throughout the day, resulting in the fourth consecutive day of gains for equity benchmarks Sensex and Nifty, buoyed by favorable global cues.
The Nifty 50 concluded at 22,040.70, marking a rise of 130 points or 0.59%, while the Sensex saw a gain of 376 points or 0.52%, closing at 72,426.64. Outperforming the main indices, the Midcap and Smallcap indices displayed strong performance, with the BSE Midcap index climbing 0.78% and the Smallcap index notching a 0.68% gain.
Looking ahead, any declines in the Nifty are perceived as opportunities for buying, particularly with robust support identified in the 21800 - 21850 zone. Furthermore, for the Bank Nifty, a breakthrough above the 46700 resistance level on a closing basis is expected to pave the way for further upward movement toward the 48000 milestone
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