Nifty 50 ends positive, closing at 26,053 above the 26,000 mark - Religare Broking Ltd
Market Outlook
The Nifty 50 closed at 26,053, posting a positive session and settled above the 26,000 mark. On the derivatives front, fresh Put OI buildup at the 26,000 and 25,900 strikes indicates an immediate support zone, while major Call OI concentrations at 26,200 and 26,500 suggest key resistance zones on the upside. On the daily chart, the index has previously encountered selling pressure near the 26,100 level; a decisive breakout above this hurdle could pave the way for an upward move towards 26,300 and 26,500 in the coming sessions.
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