The Nifty 50 closed at 25,082, registering a negative session - Religare Broking Ltd
Market Outlook
The Nifty 50 closed at 25,082, registering a negative session. India VIX settled at 11.98, reflecting low volatility expectations. The AdvanceDecline Ratio stood at 0.78, highlighting a bearish undertone in market breadth. On the derivatives front, a notable Call OI build-up was observed at the ATM strikes of 25,100 and 25,200. Despite this, the index displayed resilience at the psychological 25,000 level, as a crucial support. Nifty remains range-bound between 25,000 and 25,200, indicating indecision among participants. A decisive breakout from this zone could potentially trigger an intraday rally of at least 200 points.
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