The Nifty 50 closed at 25,069, encountering resistance near the 25,150 level

2025-09-16 09:25:17 am | Source: Religare Broking

The Nifty 50 closed at 25,069, encountering resistance near the 25,150 level - Religare Broking

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Market Outlook

The Nifty 50 closed at 25,069, encountering resistance near the 25,150 level. For the 16 September expiry, significant OI build-up at the 25,000 put strike suggests immediate support, while fresh Call OI build-up at the 25,100 strike indicates potential resistance at this level. A decisive breakout above the 25,150 level could open the door for an upside move towards 25,250–25,450. Conversely, a decline below 25,000 may trigger a retracement towards 24,800.

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The Nifty 50 closed at 25,069, encountering resistance near the 25,150 level - Religare Broking

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