Nifty is approaching the crucial resistance level of 24,700, which coincides with the previous downside gap from August 5th. Experts predict this gap will likely be filled soon, opening the door for further upside potential. Keep an eye on 24,700 and 25,000 as the next key targets. Meanwhile, immediate support remains at 24,350.
From 29,300 to 24,900: Nomura slashes Nifty target, says another 5% correction possible! Here’s why
Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows.
March 17, 2026