The Nifty 50 closed at 24,973, extending its positive streak - Religare Broking Ltd
Market Outlook
The Nifty 50 closed at 24,973, extending its positive streak. On the daily chart, the index briefly surpassed the key resistance level of 25,000 but failed to sustain momentum and closed below this mark. Derivatives data indicate significant OI build-up at the 25,000 strike in both Calls and Puts, suggesting it as a strong price-magnet level for the upcoming sessions. The 24,900–25,100 range remains a critical zone, with a decisive breakout likely to trigger an intraday directional rally.
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