The Nifty 50 closed at 25,108, marking a positive session

2025-10-08 09:59:26 am | Source: Religare Broking Ltd

The Nifty 50 closed at 25,108, marking a positive session - Religare Broking Ltd

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Market Outlook

The Nifty 50 closed at 25,108, marking a positive session. On the derivatives front, a significant Put OI build-up was observed at the 25,000 strike for the next weekly expiry, indicating an immediate support level. While on the upside, fresh Call OI build up at the 25,200 and 25,300 strikes suggests a potential hurdle zone for the index. On the daily chart Nifty has formed a shooting star candlestick pattern, reflecting a cautious outlook. A decisive break down below the 25,000 level could trigger a further decline towards 24,950 and 24,900 in the near term

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The Nifty 50 closed at 25,108, marking a positive session - Religare Broking Ltd

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