The Nifty 50 closed at 25,550, firmly sustained above the key resistance level of 25,000 - Religare Broking Ltd
Market Outlook
The Nifty 50 closed at 25,550, firmly sustained above the key resistance level of 25,000. The India VIX ended at 11.78, indicating subdued volatility and a stable market environment. On the derivatives front, significant OI build-up at the 25,000 put strike establishes an immediate support zone, while 25,250 continues to cap the upside. On the daily chart, the index maintains a sideways to positive stance within the current weekly expiry. The 24,950 to 25,150 range remains a crucial zone, as a decisive breakout from this band could set the stage for a directional rally.
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