The Nifty 50 settled at 24,500, witnessing a fall of nearly 1%

2025-08-29 09:42:07 am | Source: Religare Broking Ltd

The Nifty 50 settled at 24,500, witnessing a fall of nearly 1% - Religare Broking Ltd

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Market Outlook

The Nifty 50 settled at 24,500, witnessing a fall of nearly 1%. The India VIX remains muted, reflecting consolidation expected in the market after the monthly expiry of August. Derivative data of September’s weekly expiry show major OI build-up at the 24,500 Put strike, which indicates a negative trend and a decisive fall below this level could accelerate the downtrend towards 24,350 and 24,200. On the upside, resistance remains firmly placed at 24,700 and 24,800, limiting any near-term recovery.

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The Nifty 50 settled at 24,500, witnessing a fall of nearly 1% - Religare Broking Ltd

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