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Below the Comment on impact of changes in expiry day of derivative contracts by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker While the BSE has proposed to change the expiry of contracts on Tuesday, the NSE has opted for Thursday. This approach should ensure that there are no expiries on week-ends. Some traders preferred to stay out of the market on week-end to avoid unforeseen risks. This should ensure less volatility compared to earlier. This cha...

Comment on impact of changes in expiry day of derivative contracts by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker

Source: PR Agency
2024-11-30 03:15:56 pm

Below the Quote on Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker The market is currently navigating a highly volatile landscape, driven by increased caution due to the ongoing conflict in the Middle East. In the short term, the indices seem to be in oversold territory, indicating a potential pullback that could propel the Nifty 50 toward levels between 25,200 and 25,350. For the Bank Nifty, option data also indicates that t...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-10-08 12:44:42 pm

Below the Quote on Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker The market is facing significant turmoil as sentiment weakens amid unfavorable global cues and rising geopolitical tensions in the Middle East, coupled with SEBI's recent F&O circular and profit booking. Today, the Indian stock market experienced a sharp decline, with the Sensex and Nifty 50 both plummeting over 2%. This marks the worst intraday drop ...

Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-10-03 05:30:48 pm

Below the Quote on Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker Indian benchmark indices experienced a sharp decline today, with the Sensex plunging 900 points and the Nifty falling below 26,000. This downturn is largely attributed to rising geopolitical tensions, particularly the intensification of Israeli strikes in Lebanon, which have introduced significant uncertainty into global markets. Despite this setback, we maint...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-30 01:42:04 pm

Below the Quote on Technical Analysis for forthcoming week starting September 30 by Shrey Jain, Founder & CEO SAS Online - a deep discount broker Nifty holds 26000 and meets the confluence zone of 26200 but after such an extended move what can be the strategy to follow? Can we remain super bullish as reward to risk is now stretched or a sensible dip can flush out weaker money to bring in momentum. Nifty has formed a three white soldiers on the weekly chart which indic...

Technical Analysis for forthcoming week starting September 30 by Shrey Jain, Founder & CEO SAS Online - a deep discount broker

Source: PR Agency
2024-09-30 10:48:31 am

Below the Quote on Technical Analysis dated September 28 for forthcoming week by Shrey Jain, Founder & CEO SAS Online - a deep discount broker Nifty holds 26000 and meets the confluence zone of 26200 but after such an extended move what can be the strategy to follow? Can we remain super bullish as reward to risk is now stretched or a sensible dip can flush out weaker money to bring in momentum. Nifty has formed a three white soldiers on the weekly chart which indicate...

Technical Analysis dated September 28 for forthcoming week by Shrey Jain, Founder & CEO SAS Online - a deep discount broker

Source: PR Agency
2024-09-29 04:32:39 pm

Below The Quote on Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker The Sensex and Nifty traded flat today after reaching record highs yesterday. We expect the Nifty to consolidate around the 26,000 mark, and any corrections toward the 25,800-25,850 range may present opportunities for new long positions. Meanwhile, the Bank Nifty saw profit booking from elevated levels, closing in the red after an eight-session rally yesterday...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-25 02:40:50 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker Despite escalating geopolitical concerns in the Middle East, the Indian stock market remains resilient, with the Sensex and Nifty achieving new record highs for the fourth consecutive session today. The Nifty is expected to trade near the 26,000 level, with potential to reach 26,200. The 26,000 Call strike has significant open interest (OI) of around 67 lakh s...

Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-24 02:07:11 pm

Technical outlook for the week starting 23 September by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker

We have hit a record high given the overall thrust and icing on the cake was BankNifty which witnessed a back-to-back bullish session and closing at record high levels. This is classic confirmation of Dow theory as we see Nifty 50, CNX 500, large cap, and concentrated index such as BankNifty as well closing at ATH. The weakness which is evident is in small cap and Midcap Space. Let’s dive deeper and draw the coming week’s roadmap. The Breadth and Market Internals Nifty manag...

Technical outlook for the week starting 23 September by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker

Source: PR Agency
2024-09-23 02:14:25 pm

Below the Quote on Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker Yesterday, we observed a bout of profit booking at higher levels; however, today the market sentiment has improved significantly, resulting in notable gains for both the Sensex and Nifty. This rally was driven by robust performances in the banking, automotive, and energy sectors. Specifically, the Sensex increased by 1,389 points (1.7%), closing at 84,574, while...

Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-20 05:40:40 pm

Below the Comment on the Fed meeting outcome by Mr Shrey Jain Founder and CEO SAS Online A deeper than expected cut in policy rate and positive commentary by the US Fed indicate soft landing for the US economy. This should nudge central bankers in emerging markets, including the Reserve Bank of India, to cut rates. We expect only 50 BPS cut in repo rate in India by March 2025. We are positive on short- and medium-term bonds. Rate cut augurs well for flows into risky assets inclu...

Comment on the Fed meeting outcome by Mr Shrey Jain Founder and CEO SAS Online

Source: PR Agency
2024-09-19 02:47:20 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker The long-awaited Fed pivot has finally materialized, resulting in a 50 basis point cut—marking the first reduction of this rate cut cycle. The Nifty 50 index is likely to trade sideways for now. Fresh long positions in the Nifty 50 can be considered only if the index surpasses today’s high of 25,611, with a target set at 25,850. Meanwhile, we anticipa...

Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: SAS Online
2024-09-19 02:01:12 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker Benchmark indices Sensex and Nifty continued their upward trajectory, demonstrating increasing confidence ahead of the upcoming Federal Reserve meeting. The Nifty has been consolidating around the 25,400 level, and if it maintains this position, a rally towards 25,600 could be on the horizon. Analysis of options data suggests that this consolidation may persist, w...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-18 01:43:48 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker On Monday, both the Sensex and Nifty began the week on a positive note as traders looked ahead to the potential impact of the Federal Reserve rate cut. For the Nifty, we anticipate continued strength in the technology sector and a rebound in banking stocks, which could propel the index towards the 25,800 level in the coming weeks. Key support is expected between 2...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-16 03:42:48 pm

Below the Quote on Weekly Technical Report September 14 by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker A Bullish Engulfing, Momentum Thrust and a New All Time high. It’s all happening amid whipsaws and volatility as the Bullish engulfing pattern forms on the weekly chart of Nifty50 marks the 24800 – 24900 levels as the point of polarity for the upward trend. A bullish engulfing pattern and the price level where it forms simply indicate pre...

Weekly Technical Report September 14 by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker.

Source: SAS Online
2024-09-14 04:33:24 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India’s Deep Discount Broker Indian markets are trading within a narrow range. Yesterday, the Nifty managed to close above the 25,000 level, buoyed by continued buying in IT stocks. We expect this trend to continue, with the Nifty potentially advancing towards the 25,200 mark. On the downside, the 25,000 level is anticipated to serve as support. For today’s weekly expiry, we anticipate...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-11 11:45:38 am

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India’s Deep Discount Broker Today, key equity benchmark indices, Sensex and Nifty, are trading higher, buoyed by a rally in global markets and fresh foreign fund inflows. Looking ahead, we anticipate that Nifty will maintain support around the 24,800 level, with resistance likely emerging at 25,100. Bank Nifty has shown notable outperformance compared to Nifty, with private sector b...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-10 12:44:58 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India’s Deep Discount Broker Last week, Nifty ended its four-week winning streak with a reversal. The previous support level of 25,100 has now turned into resistance. As long as this level isn't surpassed, we should be wary of potential weakness in the Nifty, with a drop to 24,500 also possible. Any rallies should be approached with caution until Nifty can break above 25,100. Sim...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-09 12:19:19 pm

Below the Quote on Weekly Technical Write up by Shrey Jain, Founder & CEO, SAS Online – a deep discount broker A Bearish Engulfing forms indicating caution to investors on further upside and keep a tab on the downside risk. A bearish engulfing is a reversal pattern usually forms after an extended up move in the index/market. This candlestick is a reversal pattern indicating weakness and selling pressure at higher levels. A Further follow up is required in this patt...

Weekly Technical Write up by Shrey Jain, Founder & CEO, SAS Online � a deep discount broker

Source: SAS Online
2024-09-08 10:31:01 am

Below the Quote on Post market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker Indian benchmark indices suffered a sharp decline today, ending the week with a notable drop of over 1%. The BSE Sensex-30 plummeted by 1,017 points, or 1.24%, closing at 81,183.93. Similarly, the Nifty-50 ended the day at 24,852.15, down 292.95 points, or 1.17%. The downturn was driven by a combination of weak global signals and regulatory challenges. Invest...

Post market comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-09-06 05:03:40 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India’s Deep Discount Broker Following a decline in global markets, Indian equity indices experienced a downturn today, with the Sensex falling by over 400 points and the Nifty trading below the 25,150 mark. This drop, exacerbated by concerns over a potential slowdown in the U.S. economy, is significantly affecting investor sentiment. As we approach the expiry date, we anti...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: SAS Online
2024-09-04 12:49:34 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India’s Deep Discount Broker The Indian stock market opened on a positive note today but soon reversed direction, slipping into the red. The Nifty is expected to consolidate around current levels, with the potential for limited upside due to aggressive Call writing across multiple strike prices. On the downside, the 25,200 level is anticipated to provide key support. The Bank Nifty r...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: SAS Online
2024-09-03 11:51:40 am

Below the Quote on Post-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs today. This marks Nifty's best week in two months, with the index extending its winning streak to 12 consecutive sessions. The rise comes in the wake of U.S. economic data easing growth concerns, while investors now await the latest domestic quarterly growth figures. At the...

Post-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-30 05:25:41 pm

Below the Quote on Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker The Nifty extended its winning streak to 10th consecutive session, hitting a new high. As we approach the monthly settlement, the index is anticipated to start the day on a subdued note. However, our outlook remains optimistic, with expectations for the Nifty to potentially reach the 25,200 level. Key support is likely to be found in the 25,000 – 24,900 ran...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-29 12:49:19 pm

Nifty hits all-time high as IT stocks lead the rally

Indian frontline line indices extended gains in mid-session on Wednesday due to a rally in the IT stocks. Due to the uptrend, the National Stock Exchange (NSE) benchmark Nifty made a new all-time high of 25,114, previously it was 25,078. At 1.23 p.m., Sensex was up 233 points or 0.28 per cent at 81,943 and Nifty was up 84 points or 0.34 per cent at 25,102. The rally was driven by IT stocks as the Nifty IT index also made a new lifetime high of 42,712. Weakness was seen in th...

Nifty hits all-time high as IT stocks lead the rally

Source: IANS
2024-08-28 02:07:48 pm

Below the Quote on Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker Benchmark indices Sensex and Nifty began today's trading session with a muted tone, opening flat to slightly positive. The Nifty index is expected to remain range-bound between 24,950 and 25,100 for the day. A breakout from this range could pave the way for a new directional trend. For Bank Nifty, in the previous session, NBFC stocks captured market attent...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-28 12:45:33 pm

Below the Quote on Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker The Sensex and Nifty started the day on a subdued note but gradually inched higher as the session unfolded. We expect this positive momentum to persist, potentially guiding the Nifty towards the 25,200 level, while the 24,800 mark is anticipated to act as immediate support. The Bank Nifty also began on a positive trajectory but encountered resistance at a key ...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-27 12:01:37 pm

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 ahe...

Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-23 04:37:24 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker After a four-day surge, we expect investors to take some profits following the recent rally. Despite this, the overall trajectory for the Nifty remains positive. A sustained move above the 24,700 threshold could pave the way for the index to reach the 25,000 to 25,100 range. In the near term, we view the 24,400 to 24,500 zone as a crucial support level, and any r...

Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-21 11:47:23 am

Below the Quote on Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker Although the benchmark domestic indices started the day with positive momentum, still they are facing significant resistance levels that could challenge further gains. The Nifty index is currently stabilizing around its key Call levels of 24,500 and 24,600. If it manages to stay above 24,600, it could trigger short covering and potentially drive the index up to a...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-20 12:23:05 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker Benchmark equity indices are trading higher, buoyed by positive momentum from Wall Street, anticipation of a rate cut by the Federal Reserve in September, and strong US retail sales figures that have alleviated recession fears. However, we believe the upside potential may be limited, with Nifty unlikely to surpass the 24,500 level. On the downside, 24,100 ...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-16 12:17:22 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker The market kicked off the week with volatility, driven by profit-taking across broader indices. For today’s Nifty expiry, we foresee limited upside potential, with a possible decline towards the 24,000 mark. Bank Nifty is expected to show a negative bias today. A rebound near 50,500 could present an opportunity to open new short positions. Nifty is e...

Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-14 12:44:25 pm

Below the Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker Mixed global trends left domestic equities without clear direction, leading to a volatile trading day for Nifty, which struggled to hold above 24,400. At this level, the Call strike shows a notable open interest of approximately 47 lakh shares, while the Put strike at 24,300 has a significant open interest of around 39 lakh shares. Despite this, the near-term uptre...

Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Source: PR Agency
2024-08-13 11:40:19 am

Below the Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker The NIFTY index saw considerable volatility during its expiry session, with significant price swings in both directions. Today, Nifty has shown strength, opening with a gap up near 24,380 levels, buoyed by a global market rally. However, it is crucial for Nifty to maintain these levels, as it may encounter resistance around the 24,400 to 24,500 range, which are key re...

Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Source: SAS Online
2024-08-09 11:48:31 am

Comment on RBI MPC by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Below the Quote on RBI MPC by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker The RBI Governor chose to play safe and maintained a status quo. Though the US Federal Reserve is expected to cut rates in the next policy review and ECB and BOE have started with a rate-reduction cycle, the RBI prioritized inflation management. Overall, the statement can be considered hawkish from the capital market participants point of view. RBI has maintained the grow...

Comment on RBI MPC by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-08 12:39:11 pm

Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker The market managed another gap-up opening, with Nifty opening at 24,300. If Nifty maintains its early gains and breaks through the 24,350 level, short covering could push it towards 24,500. For today’s expiry, Bank Nifty is likely to face selling pressure at higher levels, with 50,500 expected to act as a key resistance point. This Call strike has signifi...

Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-07 11:53:48 am

Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker Today, Indian equity benchmark indices surged in early trading after a significant decline the previous day. For Nifty, the index is currently in a weak position, with the next support level expected to be between 23,700 and 23,800. On the upside, resistance is anticipated in the range of 24,500 to 24,600. In Bank Nifty, significant call writing activity is obs...

Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-06 11:46:59 am

Below the Quote on Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker Indian stock market opened lower on Friday, with the Sensex dropping by 700 points and the Nifty falling below 24,800. The Nifty MidCap index also declined by 1%. This downturn reflects a global sell-off triggered by disappointing U.S. economic data, raising concerns about a potential slowdown in the world’s largest economy. Additionally, uncertainty over th...

Mid Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-08-02 03:13:33 pm

Below the Comment on Nifty @ 25000 by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker The Nifty50 touching the 25,000 mark is yet another proof of strong economic growth, growing corporate earnings and rising investors’ participation. This event should be seen as a founding stone of the next phase of growth over the medium to long term. Expectations of strong growth in the domestic economy, positive news flow on interest rates in the USA and policy t...

Comment on Nifty @ 25000 by Shrey Jain, Founder & CEO, SAS Online - a deep discount broker

Source: PR Agency
2024-08-01 01:53:34 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker The Nifty index has encountered resistance at the 25,000 level for two consecutive days, with recent trading patterns indicating a possible decline to 24,600 or even 24,500. The significant open interest (OI) of around 76 lakh shares at the 25,000 call strike points to robust resistance. In contrast, the 24,600 put strike has an OI of approximately 43 lakh sh...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-07-31 12:22:02 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker Today, the Sensex and Nifty benchmarks are trading higher following a flat start, driven by mixed global trends. The Nifty continues its solid near-term uptrend, facing resistance around the 25,000 level and support expected at 24,700. For the Bank Nifty, we expect selling pressure at higher levels, with 51,850 identified as a key resistance and 51,000 as ...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-07-30 12:53:02 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker The Indian stock market made a strong comeback, with the Sensex soaring 1,000 points to surpass the 81,000 mark, while the Nifty moved closer to 24,800. This upward surge was fueled by impressive Q1 results. All sectoral indices attracted significant buying interest, with the Auto and IT indices hitting record highs. The MidCap index also recorded a notable 2...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-07-26 01:48:59 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker Indian market sentiment initially soured on budget day due to a proposed hike in capital gains tax. Now, sentiments have worsened further following a sharp global market downturn, highlighted by Nasdaq's 3.64% plunge, resulting in a significant gap-down opening today. As of today’s monthly expiry, the Nifty is trading below its monthly Volume Wei...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-07-25 12:37:04 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker Following the budget announcements, both Nifty and Bank Nifty saw significant volatility but managed to recover, ending the yesterday session flat. Looking ahead, Nifty is likely to encounter immediate resistance around 24,500, with 24,300 acting as a key support level. Bank Nifty underperformed Nifty due to selling pressure in the private banking sector. We ...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker

Source: PR Agency
2024-07-24 11:01:47 am

Below the Comments on Economic Survey 2023-2024 by Mr Shrey Jain Founder and CEO SAS Online Government’s estimate of economic growth at 6.5-7% in FY2025 is in line with the growth estimates of 7% put forward by the International Monetary Fund, and tad below 7.2% estimated by The Reserve Bank of India. Though this indicates that the government does not anticipate further acceleration of growth in the Indian economy in near future, it does not anticipate a material...

Comments on Economic Survey 2023-2024 by Mr Shrey Jain Founder and CEO SAS Online

Source: PR Agency
2024-07-22 05:03:52 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker The market experienced increased volatility with the union budget scheduled for tomorrow. After opening in the red, the market is traded on a lackluster note on Monday. Looking ahead, we believe the Nifty may find support near the 24350 levels, a move below these levels, the profit-taking phase could drive it towards the 23800 - 24000 in the eventful week....

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Source: PR Agency
2024-07-22 12:11:32 pm

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker Major indices suggest a flat opening for the day, with attention shifting to stocks ahead of quarterly results announcements. For today's Nifty weekly expiry, we anticipate that Nifty may maintain its positive momentum and aim for 24,700 levels, with immediate support at 24,500. Open interest data indicates substantial call and put OI buildup at the 24,60...

Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Source: PR Agency
2024-07-18 11:00:19 am

Below the Quote on Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker Yesterday, NIFTY opened with a strong gap-up, comfortably trading above the 24,500 mark, where it consolidated its gains and sustained its winning momentum. Looking ahead, we expect NIFTY to maintain a positive bias, aiming for the 24,750 level, with immediate support anticipated at 24,500. Meanwhile, Bank NIFTY had a volatile session but ultimately closed...

Mid-market comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

Source: PR Agency
2024-07-16 01:00:21 pm