Nifty 50 rebounds to 24,836, strong support at 24,600

2025-10-03 09:48:01 am | Source: Religare Broking Ltd

Nifty 50 rebounds to 24,836, strong support at 24,600 - Religare Broking Ltd

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Market Outlook

The Nifty 50 closed at 24,836, posting a positive session with a strong rebound from its immediate support level of 24,600. However, on the daily chart, the index continues to trade below its key long term moving average, the 50-day EMA at 24,900, indicating potential selling pressure near this level. On the derivatives front, a significant Put OI build-up at 24,700 and 24,600 highlights a strong support zone, while on the upside, notable Call OI concentration at the 25,000 strike suggests a psychological hurdle.

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Nifty 50 rebounds to 24,836, strong support at 24,600 - Religare Broking Ltd

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