The Nifty 50 closed at 24,619, marking a positive session - Religare Broking Ltd

Market Outlook
The Nifty 50 closed at 24,619, marking a positive session. India VIX closed at 12.14, fell nearly 1%, indicating subdued volatility expectations. Derivatives data showed significant OI build-up at the 24,500 put strikes, establishing an immediate support zone, while resistance persists at 24,700 and 24,800 levels with notable call OI concentration. The index continues to consolidate within the 24,450–24,750 range, and a decisive breakout in either direction will be essential to initiate a sustained trend.
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