Nifty 25,327 +1%, VIX low; 25,300 support, 25,400–25,500 resistance - Religare Broking Ltd
Market Outlook
Nifty 50 ended the week at 25,327, extending its winning streak for the third consecutive week with weekly gains of nearly 1%. The India VIX remains muted this week, reflecting low volatility expected in the market. For the weekly expiry of 23 September, derivative data shows the highest Call OI build up at 25400 strikes, followed by 25500, suggesting an immediate resistance zone. While on the downside, major Put OI at 25,300 suggests an immediate support. On the technical front, bullish sentiments remain intact as long as Nifty shows resilience above this level.
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