The Nifty 50 settled at 24,868, marking a positive session - Religare Broking Ltd

Market Outlook
The Nifty 50 settled at 24,868, marking a positive session. On the derivatives front, significant Call OI build-up was witnessed at 25,000 strikes, which indicates strong resistance. While on the downside, 24,800 acts as an immediate support level with major Put OI concentration. On the daily chart, the index trades near the falling trendline, aligned with the 24,950-25,000 range, so that a strong bullish sentiment is likely to emerge only if Nifty decisively breaks above the 25,000 mark and sustains above this level.
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