<ul><li>Nifty has an important intraday support at 24,500, which is expected to hold, leading to a potential bounce back towards 24,700 and higher if sustained above 24,500.</li><li>Selling pressure may increase if Nifty falls below 24,500, possibly resulting in a further decline to 24,400-24,300, requiring close monitoring of price action around 24,500.</li><li>The Nifty 50 May futures contract (24,660) is down 0.7 percent with intraday resistances at 24,680 and 24,720, while support lies at 24,580, with a break below potentially dragging the contract down to 24,350-24,300.</li><li>Given the weaker outlook of Nifty 50 May futures contract compared to its underlying index, the support at 24,500 on the Nifty 50 index may not hold, suggesting a potential short opportunity below 24,580 with various stop-loss levels and exit strategy outlined.</li></ul>

Nifty prediction today – May 22, 2025: Further fall possible. Go short on a break below immediate support

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