Nifty
Nifty 50 showed weakness near the 25,550–25,600 resistance zone and has slipped below key short-term support, closing at 25,355.25, with RSI cooling to 55.82. Option data reveals the highest Call OI at 26,000, marking it as a strong resistance, while the highest Put OI at 25,350 suggests firm support at current levels. A breakdown below this level may trigger further downside toward 25,150–25,000 due to closing long positions, while holding above may keep the uptrend intact.
Caution advised near resistance; OI levels indicate a narrow expiry range.
TATACONSUM
#TechnicalViews#FundamentalViews

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