Tech View: Nifty’s drop below 24,350 could trigger a slide to 24K in near term. How to trade tomorrow

October 23, 2024

Nifty’s trend remains weak, currently positioned near a critical support level on the weekly charts, suggesting a potential for an upside bounce from current or lower levels. A sustained close above 24,650-24,700 would confirm this upward move. However, if the index slides below 24,350, it could drop further to the 24,000 mark in the near term, according to Nagaraj Shetti of HDFC Securities.

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