The Nifty 50 settled at 24,773, ending the session on a sideways to positive note - Religare Broking Ltd
Market Outlook
The Nifty 50 settled at 24,773, ending the session on a sideways to positive note. On the derivatives front, significant Call OI build-up at the 24,900 and 25,000 strikes highlights strong resistance zones, while notable Put OI concentration at 24,600 and 24,500 indicates immediate support levels. On the daily chart, the index continues to hover around its key 20-day and 50-day EMAs, reflecting consolidation at current levels. A decisive move beyond the 24,600– 24,900 range will be crucial to trigger a directional rally.
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