The Nifty 50 closed the day at the 24853 mark after a positive opening but later consolidated the session near the day`s low

2025-06-18 08:49:04 am | Source: Religare Broking

The Nifty 50 closed the day at the 24853 mark after a positive opening but later consolidated the session near the day`s low - Religare Broking

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Market Outlook

The Nifty 50 closed the day at the 24853 mark after a positive opening but later consolidated the session near the day's low. The India VIX ended at 14.40. The Advance-Decline Ratio is 0.32, indicating a bearish trend. Derivative data reflects a negative undertone in market sentiment, supported by an increase in OI for Call options at the 24,900 and 25,000 strikes, suggesting strong Call writing and resistance at that level. On the downside, the highest OI build-up is observed at the 24,500 Put strike, followed by the 24,800 Put, indicating potential support zones.

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The Nifty 50 closed the day at the 24853 mark after a positive opening but later consolidated the session near the day`s low - Religare Broking

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