The Nifty 50 closed the day at 25104 mark after opening gap up but later consolidated the session near day's low - Religare Broking Ltd
Market Outlook
The Nifty 50 closed the day at 25104 mark after opening gap up but later consolidated the session near day's low. The India VIX ended at 14.01. The Advance-Decline Ratio is 1.17, indicating bullish trend. Derivative data reflects a positive undertone in market sentiment, supported by an increase in OI for Put options at the 25,000 strike suggesting strong put writing and support at that level. On the upside, the highest OI build-up is observed at the 25,500 Call strike, followed by the 25,200 Call, indicating potential resistance zones.
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