2025-08-18 09:52:16 am | Source: Religare Broking Ltd
Nifty50 ended at 24,631, up 1.1% after six weeks of losses - Religare Broking Ltd
Market Outlook
The Nifty 50 closed the week at 24,631, advancing 1.1% after six consecutive weeks of declines. India VIX edged up nearly 2% to 12.35, indicating heightened volatility expectations. For the upcoming weekly expiry, major put OI at 24,500 marks as immediate support, while call OI at 24,700 and 24,800 highlights resistance zone. Any breakout in this zone could propel the index towards 25,000, where the significant call OI build-up has positioned. The Nifty PCR at 0.88 reflects a balanced stance between calls and puts.
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