The Nifty 50 closed at 24,980, registering a positive session

2025-08-20 10:04:26 am | Source: Religare Broking Ltd

The Nifty 50 closed at 24,980, registering a positive session - Religare Broking Ltd

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Market Outlook

The Nifty 50 closed at 24,980, registering a positive session. The India VIX declined by over 4%, reflecting a reduction in market volatility. On the derivatives front, significant OI build-up emerged at 24,900 and 24,800 put strikes highlights an immediate support zone. On the upside immediate hurdle placed at 25,050. On the daily chart, the index displayed resilience near the 24,800 mark following a decisive breakout from the falling wedge pattern, suggesting a sideways to positive bias in the coming sessions.

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The Nifty 50 closed at 24,980, registering a positive session - Religare Broking Ltd

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