Nifty 50 closed at 24,821, rebounding from 24,600 near 100-day EMA

2025-07-30 10:16:30 am | Source: Religare Broking Ltd

Nifty 50 closed at 24,821, rebounding from 24,600 near 100-day EMA - Religare Broking Ltd

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Market Outlook

The Nifty 50 closed at 24,821, rebounding from the immediate support level of 24,600, which is aligned with the 100-day EMA. The India VIX settled at 11.53, fell more than 4% and indicating low volatility in the market. On the derivatives front, the 24,600 Put & 25000 Call strike for the next weekly expiry has added significant OI. On the daily chart, Nifty has formed piercing line candlestick which can trigger reversal for upside. Overall, the Nifty appears sideways in the near term, within the price range of 24,700 to 24,900.

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Nifty 50 closed at 24,821, rebounding from 24,600 near 100-day EMA - Religare Broking Ltd

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