Nifty 50 at 25,330; Put OI shows bullish trend, resistance at 25,400–25,500 - Religare Broking Ltd
Market Outlook
The Nifty 50 closed at 25,330, extending its winning streak with a sustained bullish breakout above the resistance level of 25,200. A significant Put OI build-up at the 25,300 strike signals continued bullish momentum on the derivatives front. However, on the upside, the index may encounter resistance in the 25,400–25,500 zone, where fresh Call OI accumulation has been observed. On the daily chart, a decisive breakout above the 25,350 level could trigger a fresh rally towards 25,450–25,500, while failure to clear this level may lead to consolidation in the coming sessions.
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