The Nifty 50 closed the day at 24718 mark, after opening gap down by near 1.5%

2025-06-16 08:49:10 am | Source: Religare Broking

The Nifty 50 closed the day at 24718 mark, after opening gap down by near 1.5% - Religare Broking Ltd

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Market Outlook

The Nifty 50 closed the day at 24718 mark, after opening gap down by near 1.5%. The India VIX ended at 15.08. The Advance-Decline Ratio is 0.16, indicating bearish trend. On Derivatives front 24500 Put strike has witnessed reduction in OI after finding support at this level and 25000 Call strike has added significant OI indicating hurdle for coming sessions. The data hints at a potential consolidation or relief bounce, but sustainable recovery above 25,000 will require strong bullish follow-through and unwinding of call positions.

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The Nifty 50 closed the day at 24718 mark, after opening gap down by near 1.5% - Religare Broking Ltd

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