Nifty50 ends at 25,114, holding above 25,000 now key support - Religare Broking Ltd
Market Outlook
Nifty 50 ended the week at 25,114, sustaining above the 25,000 mark, which has now turned from a key resistance into a psychological support level. On the weekly chart, Nifty registered the gains of 1.5%, and drifted the market with a positive bias. On the derivative front, the highest Put OI build-up witnessed at 25100 and 25000, suggesting an immediate and strong support zone. While on the upside, 25,200-25,250 may act as an immediate hurdle and a break above this level will trigger a rally towards 25500, where the major Call OI is placed.
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