Nifty 50 closed at 25,145, down as selling emerged near 25,300 level by Religare Broking Ltd
Market Outlook
The Nifty 50 settled at 25,145, ending the session on a negative note as selling pressure emerged near the 25,300 level. Derivatives data reflected fresh Call OI build-up at the 25,200 and 25,300 strikes for the upcoming weekly expiry, suggesting a potential hurdle for any move towards 25,500. On the daily chart, the index maintained a sideways to bullish tone as long as the 25,000 level remains intact. However, a decisive break below this key level could propel a decline towards the 24,800 zone.
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