“Bearish on Nifty 50 in the near term, as follow-through selling reinforces a downtrend with the index trading below key moving averages, reflecting weak sentiment. Nifty faces strong resistance at 24,000-24,200. A decisive break below 23,800 could open the way towards 23,600, though holding above 23,800 might lead to short-term consolidation within the broader downtrend.”