The Nifty 50 closed at 24,649, facing selling pressure near the immediate resistance of 24,750

2025-08-06 08:57:03 am | Source: Religare Broking Ltd

The Nifty 50 closed at 24,649, facing selling pressure near the immediate resistance of 24,750 - Religare Broking Ltd

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Market Outlook

The Nifty 50 closed at 24,649, facing selling pressure near the immediate resistance of 24,750. India VIX declined over 2% to 11.71, indicating subdued market volatility. Derivatives data shows notable OI build-up at the 24,700 and 24,800 call strikes, highlighting strong resistance levels. On the daily chart, the index maintains a sideways to negative bias, while trading near its 100-day EMA, which serves as a crucial support zone around the 24,500 level

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The Nifty 50 closed at 24,649, facing selling pressure near the immediate resistance of 24,750 - Religare Broking Ltd

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