The NSE Nifty 50 closed 0.27% lower at 25,082.3, with key support seen at 25,000 according to analysts.
Technical analysis indicates that if Nifty breaks below 24,900, it may halt the short-term uptrend; current decline is viewed as a buying opportunity.
Market experts suggest that the 50-day SMA at 25,000 is a crucial support zone with potential for a bounce back to 25,250–25,300, but below 25,000, selling pressure may intensify.
Bank Nifty also finds support levels between 56,000–55,500 and is expected to consolidate within the range 56,400–57,600 based on recent candlestick patterns.