The Nifty 50 settled at 24,715, recovering from the intraday lows to end on a positive note - Religare Broking Ltd
Market Outlook
The Nifty 50 settled at 24,715, recovering from the intraday lows to end on a positive note. On the derivatives front, significant Put OI buildup at the 24,600 and 24,500 strikes suggests immediate support levels, while notable Call OI concentration at 24,800 marks a key resistance. On the daily chart, the index is encountering a hurdle in the 24,800–24,850 zone. A decisive breakout above this range could open the door for further upside towards the 25,000 level in the near term, where substantial Call OI is positioned.
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