<ul><li>The Nifty 50 is expected to consolidate in the range of 24,400-25,000 levels in the immediate short term, with key resistance zones at 24,650–24,750.</li><li>Short-term support lies at 24,350-24,400 and a move above 24,737 would signal positive bias for retesting 25,000 levels.</li><li>Bank Nifty has strong support near 54,557 level and short-term resistance near 55,700 levels.</li><li>NSE Nifty 50 closed 203.75 points lower at 24,609.7 while BSE Sensex ended 644.44 points lower at 80,951.99 on Thursday amidst volatility in domestic stock markets.</li></ul>

Trade Setup For May 23: Nifty To Consolidate In Range Of 24,400-25,000

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