The Nifty 50 closed the day above 25103 mark after opening gap up but later consolidated the session near 25200 - Religare Broking Ltd

Market Outlook
The Nifty 50 closed the day above 25103 mark after opening gap up but later consolidated the session near 25200. The India VIX ended at 14.69. The Advance-Decline Ratio is 4, indicating bullish trend. Derivative data indicates a Positive sentiments as we observed Increase in OI build up for Put options at 25000 strike and on upside 25500 call has highest OI Build up followed by 25200 Strike. For now 24800 will be strong support while, 25200 is key hurdle.
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