The Nifty 50 settled at 24,585, marking a positive session

2025-08-12 10:14:50 am | Source: Religare Broking

The Nifty 50 settled at 24,585, marking a positive session - Religare Broking Ltd

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Market Outlook

The Nifty 50 settled at 24,585, marking a positive session. On the daily chart, the Index witnessed resilience near the descending trend line of the falling channel. The India VIX remained firm, suggesting the likelihood of continued market volatility. On the derivatives front, significant OI build-up at the 24,500 and 24,400 put strikes highlights an immediate support zone. However, resistance remains intact at the 24,700 and 24,800 levels, with major call OI build-up.

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The Nifty 50 settled at 24,585, marking a positive session - Religare Broking Ltd

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