NIFTY TECHNICAL ANALYSIS

NIFTY has corrected by more than 1,500 points over six sessions, while the recent bounce from 24700 has only recouped around 500 points in the same time frame. This indicates that bulls are still facing challenges. Currently, immediate support is identified around 25000, with stronger support in the 24800 - 24700 range. On the upside, the 20 EMA around 25300 serves as immediate resistance