Nifty at crossroads: 24,500 support key amid rising volatility
The Nifty 50 ended around 24,600, forming a bearish candle after profit booking capped gains. Analysts flagged 24,400-24,500 as make-or-break support, while resistance lies at 24,700-24,800. A close above 24,750 could trigger short covering toward 25,000, but a sustained break below 24,400 risks deeper declines. Elevated volatility keeps traders cautious with a buy-on-dips bias above 24,500.