The Nifty 50 ended the week at 24,565, slipping below the key support level of 24,600, reflecting a bearish market tone

2025-08-04 09:53:12 am | Source: Religare Broking Ltd

The Nifty 50 ended the week at 24,565, slipping below the key support level of 24,600, reflecting a bearish market tone - Religare Broking Ltd

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Market Outlook

The Nifty 50 ended the week at 24,565, slipping below the key support level of 24,600, reflecting a bearish market tone. Sentiment remains sideways to negative amid sustained selling pressure from the 24,800 zone. India VIX rose over 3% to 11.97, which signals more volatile sessions ahead. For the weekly expiry, significant Call OI build-up at 24,700 and 24,800 marks an immediate hurdle, while Put OI at 24,500 indicates immediate support. The Nifty PCR stands at 0.57, suggesting higher call options trading activity than puts.

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The Nifty 50 ended the week at 24,565, slipping below the key support level of 24,600, reflecting a bearish market tone - Religare Broking Ltd

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