“The Nifty 50 is trading in a cautious zone, with 24,000 as immediate support and a stronger support at 23,700–23,800. Immediate resistance is at 24,150–24,200, followed by 24,300–24,360. Markets are 'on a knife’s edge,' with the defense of 24,000 being significant. Investors are advised to wait for a confirmed reversal of the downtrend before taking aggressive positions.”