Nifty 50 ended at 24,812 after a weak session before weekly expiry - Religare Broking Ltd

Market Outlook
The Nifty 50 closed the day at the 24,812 mark, after trading on a negative note on the day before weekly expiry. The India VIX ended at 14.27 down nearly 1%. The Advance-Decline Ratio is 0.38, indicating bearish trend. On Derivatives front the 24,800 strike witnessed highest call writing followed by 25,000 and 24,900 which indicates pressure from higher levels and reflects a sideways to negative undertone. A decline in PCR and falling spot prices further confirm increased activity by call writers.
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Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities


