Stock Market Highlights: ‘Sell on rise’ strategy advised in Nifty with 25,000 as key

The markets experienced their steepest single-day drop in months, as the bears took full command from the opening bell and drove the indices sharply lower throughout the session. This marked the most significant sell-off since mid-July 2024, with bearish momentum showing no signs of relenting and dominating the trading landscape all day long.

A bearish candle has formed, signaling continued weakness. The current trend indicates a “sell on rise” strategy, with fresh buying suggested only if the index moves above the 26,000 zone. Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking.

In the open interest (OI) data, the highest OI on the call side was observed at 25,250 and 25,300 strike prices, while on the put side, the highest OI was at 25,250 strike price followed by 25,200.