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Below the Quote on Post-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Today, the Nifty and Sensex struggled to find their footing as investors closely monitored January's inflation figures. By day's end, the Sensex had retreated by 523 points, marking a 0.73 percent decline to settle at 71,072.49, while the Nifty experienced a 166.50 point drop, equivalent to a 0.76 percent decrease, closing at 21,616. The BSE midcap index experienced a significant decline of 2.6 percent, while the smallcap index saw an even sharper drop, shedding 3 percent.

From a technical standpoint, the Nifty is encountering selling pressure, a trend anticipated to persist in the coming sessions. Monitoring the support zone between 21,500-21,450 is crucial to sustaining positive momentum. Additionally, the Nifty faces resistance at 21,850, potentially signaling a breakout point.

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