Nifty trade setup: Analysts call 24,500 a make-or-break zone
The Indian markets faced heavy selling pressure on Tuesday, with Nifty 50 closing at 24,683, decisively breaking below its recent consolidation range. This sharp decline positioned the index at a critical technical crossroads. Analysts suggest the move may be part of a healthy correction rather than a trend reversal, but all eyes are now on the 24,500 support level.