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Below the Quote on Pre-Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India’s Deep Discount Broker

On Wednesday, the Indian stock market extended its upward movement for the third consecutive session. After being range-bound until mid-month, the Nifty is now experiencing a decisive upside breakout. For today’s monthly expiry, we expect the Nifty to encounter resistance around 24,000 due to the maximum Call OI at that level. On the downside, the 23,650-23,700 zone is considered a buying area, with fresh long positions recommended around these levels.

We anticipate the Bank Nifty to consolidate around the 53,000 level. The overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data have contributed to the market's positive movement. We expect the ongoing uptrend to continue.

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