The Nifty 50 ended the week at 24,741, registering gains of over 300 points - Religare Broking Ltd
Market Outlook
The Nifty 50 ended the week at 24,741, registering gains of over 300 points. Significant Call OI concentration at the 24,800 and 25,000 strikes indicates immediate and strong resistance zones for the upcoming weekly expiry. On the downside, the index witnessed a reversal from 24,400, along with significant Put OI build-up at the 24,500 strike, which highlights the zone as a near-term support. Overall, the index is likely to remain within a broader range of 24,500 –25,000.
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