The Nifty 50 settled at 25005, extending its uptrend with a positive close above the key psychological mark of 25,000

2025-09-12 10:37:21 am | Source: Religare Broking

The Nifty 50 settled at 25005, extending its uptrend with a positive close above the key psychological mark of 25,000 - Religare Broking

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Market Outlook

The Nifty 50 settled at 25005, extending its uptrend with a positive close above the key psychological mark of 25,000. On the derivatives front, a significant build-up of Put OI at the 25,000 strike indicates sustained traction in the prevailing trend, reflecting a sideways-to-bullish bias. However, on the upside, the index continues to face a hurdle near the 25050 level on the daily chart. A decisive breakout above this level could potentially trigger a rally towards 25200–25250, which has previously acted as a strong resistance zone.

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The Nifty 50 settled at 25005, extending its uptrend with a positive close above the key psychological mark of 25,000 - Religare Broking

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