2025-10-07 09:36:12 am | Source: Religare Broking Ltd
Nifty 50 extends gains, closes above 25,000 with strong bullish momentum - Religare Broking Ltd
Market Outlook
The Nifty 50 closed at 25,077, extending its winning streak with strong bullish momentum, as the index decisively closed above the key psychological mark of 25,000. On the derivatives front, a significant Put OI build-up was observed at the 25,000 strike, indicating that hold above this level could propel the index towards 25,150 and 25,250, where major Call OI concentrations are placed. However, a failure to manage above the 25,000 mark could trigger a decline towards 24,900, which aligns with the 20-day EMA.
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