Nifty stays rangebound ahead of F&O expiry; key support at 24,700

The Nifty 50 remained rangebound for the third straight session on Wednesday, ending below 24,800. Technical indicators flag indecision ahead of the monthly F&O expiry. And options data indicate a sharp move ahead, with key support at 24,700 under threat. 24,500 to 25,000 range remains tense, a breakout or breakdown from this range could set the tone for early June.