Nifty 50 closed at 24,363, below 24,400 support; selling at 24,600-24,700

2025-08-11 09:26:58 am | Source: Religare Broking Ltd

Nifty 50 closed at 24,363, below 24,400 support; selling at 24,600-24,700 - Religare Broking Ltd

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Market Outlook

The Nifty 50 ended the week at 24,363, close below the immediate support level of 24,400, reflecting a bearish bias and on the upside index faced sustained selling pressure from the 24,600-24,700 level. India VIX rose nearly 3% to 12.03, signaling volatile sessions ahead. On the Derivative front, major Call OI build-up at 24,500 and 24,600 for the upcoming weekly expiry marks an immediate hurdle. However, Put OI at 24,300 indicates immediate support, and any fall below this level could drag the index towards 24,000.

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Nifty 50 closed at 24,363, below 24,400 support; selling at 24,600-24,700 - Religare Broking Ltd

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