Nifty 50 closed at 25,082, forming a Bearish Engulfing pattern just below the critical resistance zone of 25,500–25,650, indicating potential short-term weakness. The earlier gap has now turned into a resistance zone, limiting upside momentum. RSI has slipped to 46.66, reflecting bearish divergence and waning strength. Important Fibonacci support levels lie at 24,940 and 24,738, which may act as short-term cushions. On the derivative front, the highest Call OI is at 25,500, establishing it as a strong resistance, while the highest Put OI at 25,000 marks it as immediate support. A break below 25,000 could trigger further downside towards 24,850–24,700, unless bulls reclaim control above 25,500.