Nifty 50 ends week at 25,722 after profit booking from 26,100 level - Religare Broking Ltd
Market Outlook
The Nifty 50 ended the week at 25,722, witnessing profit booking once again from the 26,100 level and closing with marginal losses. On the weekly chart, a Shooting Star candlestick pattern has emerged, indicating waning bullish momentum and hinting at a potential corrective move towards the 25,600–25,500 zone. On the derivatives front, fresh Call OI build-up at the 26,000 strike indicates an immediate resistance area, while Put OI accumulation at the 25,600 and 25,500 strikes suggests strong support levels for the coming sessions.




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