“Bearish on Nifty 50 in the near-term, as the index slipped below the crucial 50-DEMA, signaling a shift from buyers to sellers. The 24,050–24,040 zone is a critical support area, but a decisive breakdown below it, especially with a Renko reversal, could accelerate declines towards late-July lows. Immediate support is at 24,100–24,000, with resistance at 24,250–24,300.”