The Nifty 50 settled at 25,169, ending a subdued session with a negative bias - Religare Broking Ltd
Market Outlook
The Nifty 50 settled at 25,169, ending a subdued session with a negative bias. On the daily chart, the index faced selling pressure near the 25,250 level, while witnessing a rebound from the 25,150 zone, reaffirming it as an immediate support. From a technical perspective, a decisive move below this support could potentially open the way for a decline towards the 25,000 level in the near term. Derivatives data also reflect fresh Call OI build-up at the 25,200 and 25,300 strikes, indicating limited upside potential and capping of gains at higher levels.
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