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Market Outlook

The Nifty 50 ended the session at 26,178, registering a lacklustre and range-bound performance on the first weekly expiry of the January series. On the upside, profit taking was observed near the 26,300 level, while on the downside, the index found support and rebounded from the 26,100 mark. In the derivatives segment for the upcoming weekly expiry, fresh Call OI buildup at the 26,200 strike indicates that sustaining below this level may continue to cap the upside. On the downside, significant Put OI at the 26,000 strike provides immediate support, while a decisive break below this level could shift focus towards the 25,700 zone, which has previously acted as a strong base.

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