Nifty 50 ended the week at 24,654, extending its losses with an intraday decline of nearly 1% and a weekly drop of 2.65%

2025-09-29 10:32:24 am | Source: Religare Broking Ltd

Nifty 50 ended the week at 24,654, extending its losses with an intraday decline of nearly 1% and a weekly drop of 2.65% - Religare Broking Ltd

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Market Outlook

Nifty 50 ended the week at 24,654, extending its losses with an intraday decline of nearly 1% and a weekly drop of 2.65%. Ahead of the monthly expiry on 30th September, derivatives data shows the highest Call OI build-up at the 24,800 and 25,000 strikes, suggesting strong resistance levels in the event of a reversal. On the downside, significant Put OI at the 24,500 strike highlights immediate support. Nifty has registered a decisive break down below its 100-day EMA on the daily chart, signalling a negative shift in market sentiment.

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Nifty 50 ended the week at 24,654, extending its losses with an intraday decline of nearly 1% and a weekly drop of 2.65% - Religare Broking Ltd

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