Nifty50 at 25,423; resistance 25,450; support 25,300; OI 25,400P-25,500C; VIX -4% - Religare Broking Ltd
Market Outlook
The Nifty 50 closed at 25,423, posting a positive session. On the daily chart, the index is encountering selling pressure near its immediate resistance at 25,450; however, the bullish bias remains intact as long as it sustains above 25,300. In the derivatives segment, a fresh OI build-up was observed at the 25,400 Put and 25,500 Call strikes, indicating a narrow trading range for the upcoming session. Additionally, India VIX declined by nearly 4%, signalling low volatility expectations in the market
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