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#NIFTY
50 is trading near a key resistance cluster around 24,400–24,550, where daily and weekly resistance levels are aligned with the major EMAs. Price action suggests a potential short-term rejection from this zone after forming a lower high structure on the daily chart.
If the index fails to sustain above 24,550, a pullback toward the 23,300–23,100 support zone remains likely. However, a decisive breakout above 24,550 could trigger bullish momentum toward the 25,500–25,900 supply zone in the coming weeks.
#stockmarketindia #indianstockmarket #technicalanalysis