2025-09-02 09:54:47 am | Source: Religare Broking Ltd
The Nifty 50 settled at 24,625, with gains of nearly 1% - Religare Broking Ltd
Market Outlook
The Nifty 50 settled at 24,625, with gains of nearly 1%. The India VIX declined by almost 4%, indicating a cool-down in volatility and suggesting consolidation in the near term. Derivatives data for the weekly expiry highlight significant OI build-up at the 24,500 Put strike, establishing it as an immediate support level. On the upside, resistance remains firm at 24,700 and 24,800. The daily chart reflects a range-bound structure, and decisive break on either side likely to set the stage for a directional rally.
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