Nifty 50 slips as selling near 25200 forms resistance at key levels - Religare Broking Ltd

Market Outlook
The Nifty 50 closed at 25,046, registering a negative session after facing selling pressure near the 25,200 level. On the derivatives front, a fresh Call OI build-up was observed at the 25,100 and 25,200 strikes, indicating an immediate resistance zone. On the downside, the index continues to show resilience around the 25,000 mark, suggesting a potential support level. However, a decisive breakdown below this level could trigger further downside towards 24,950 and 24,900 levels.
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