Nifty 50 ends at 25,212; buying seen near 25,100, profit booking at 25,250 - Religare Broking Ltd
Market Outlook
Nifty 50 closed at 25,212, witnessing a range-bound trading session with buying from the 25,100 level, while profit booking seen at the 25,250 level. The India VIX ended at 11.24, reflecting low volatility. An Advance-Decline Ratio of 0.69 signals a negative trend. On the derivatives front, significant Put writing witnessed at 25,000 strike, emerges as a strong support level. On the upside, any decisive breakout from 25,300 triggers a rally towards 25400-25,500 levels, where major call writing is placed, indicating an immediate hurdle
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Indian stock market ends lower amid selling in IT, banking shares
