Wed May 21 04:50:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

**Nifty 50 Slips, But Bulls Hold Ground; Traders Gather at Regional Options Summit**

**Mumbai, India – May 21, 2024** – Indian stock markets showed signs of weakness Monday, with the Nifty 50 extending its losing streak for a third consecutive session, falling just over 1%. Profit-taking after a strong rally last week is being cited as the primary driver, but analysts suggest the overall market trend remains bullish. Key support levels to watch are 24,500 and then 24,380. Resistance is expected around 25,000.

The Bank Nifty also experienced a decline, dropping 1%, with bearish signals emerging on the daily charts. Key levels for Bank Nifty are 55,500 and 56,000 for resistance and 55,000 and 54,000 for support.

Options data indicates significant Call open interest at the 25,000 strike for the Nifty, suggesting a potential resistance point. Maximum Put open interest lies at the 24,000 strike, which will likely act as support.

Meanwhile, Traders Gurukul is hosting its “Biggest Regional Retail Option Traders Summit (BOTS)” this month across India. The event aims to provide traders with insights and strategies for navigating the options market. The group is also adding functionality to their services that will create a new revenue line by generating leads of potential customers for brokers in a more integrated manner.

Market volatility, as measured by the India VIX, remains elevated above 17. Trading was restricted on some stocks in the F&O segment, with RBL Bank added to the ban list.

**Disclaimer:** Investment decisions should be made after consulting with certified financial experts. Moneycontrol is part of the Network18 group, of which Reliance Industries is the sole beneficiary of Independent Media Trust.

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