<ul><li>The NSE Nifty 50 closed 1.10% lower at 24,008, struggling against the key resistance zone of 24,590 amid escalating tensions between India and Pakistan.</li><li>The Nifty finds support at 24,000–23,800 levels, with a breach below 23,800 potentially leading to a deeper correction towards the 200-day exponential moving average.</li><li>The Bank Nifty formed a doji candle on the daily chart, displaying uncertainty, with the next strong support expected around the 52,000 level.</li><li>Foreign investors turned net sellers of Indian equities on Friday after 16 sessions of buying, while domestic institutional investors turned net buyers, purchasing equities worth Rs 7,277.7 crore.</li></ul>

Trade Setup For May 12: Nifty Finds Support At 24,000–23,800

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