The Nifty 50 closed the day at 24542 after facing selling pressure near 24850 - Religare Broking

Market Outlook
The Nifty 50 closed the day at 24542 after facing selling pressure near 24850. The India VIX ended at 16.55. The Advance-Decline Ratio is 0.16, indicating negative trend. Derivative data indicates a sideways to negative sentiments as we observed Increase in OI with fall in price for June fut. ATM Call and Put Options OI decreased over the session for current expiry indicating unwinding of positions.
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