The Nifty 50 closed at 25,891, witnessing profit booking during the second half of the session after a gap-up opening

2025-10-24 10:29:19 am | Source: Religare Broking

The Nifty 50 closed at 25,891, witnessing profit booking during the second half of the session after a gap-up opening - Religare Broking Ltd

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Market Outlook

The Nifty 50 closed at 25,891, witnessing profit booking during the second half of the session after a gap-up opening. The index faced selling pressure near the 26,100 level, dragging it back towards 25,900, indicating a near-term hurdle on the daily chart. On the derivatives front, Nifty’s monthly expiry data reflected fresh Call OI buildup at the 26100 and 26200, zone that coincide with the all-time high levels, suggesting strong resistance. On the downside, major Put OI at the 25,800 strike indicates that sustaining above this level could again trigger a uptrend journey.

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The Nifty 50 closed at 25,891, witnessing profit booking during the second half of the session after a gap-up opening - Religare Broking Ltd

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