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Mayank Kumar

20th Jul 2025 · SEBI-Registered Analyst

Nifty 50 slipped further to close at 24,968, losing 143 points amid consistent selling pressure. The index is hovering around the 24,932 (50 EMA), which is acting as an immediate support, while the RSI has dropped to 43, indicating continued weakness. If Nifty breaks and sustains below 24,900, the next crucial support lies near 24,500 and 24,100 (200 EMA). On the derivatives front, highest Call OI is at 25,500, suggesting strong resistance ahead, while maximum Put OI is seen at 25,000, now being tested. A decisive move below this level could invite further correction.

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