Nifty closed at 24,680, below key 24,700�24,800 support levels

2025-07-29 09:50:18 am | Source: Religare Broking Ltd

Nifty closed at 24,680, below key 24,700�24,800 support levels - Religare Broking Ltd

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Market Outlook

Nifty 50 closed at 24,680, decisively fell below 24,700-24,800 levels, which previously acted as an immediate support level. India VIX settled at 12.06, surge nearly 7% indicating volatility in market. On the derivative front 25,000 Call option of monthly expiry saw significant OI buildup followed by 24,800 suggesting strong resistance zones. Nifty looks sideways to negative in near term with immediate downside levels of 24,600 and 24,500, aligned with 100-Day EMA.

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Nifty closed at 24,680, below key 24,700�24,800 support levels - Religare Broking Ltd

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