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Nifty trend stays bullish; 24,500 key support for further upside
short by / on Friday, 23 May, 2025
According to analysts, Nifty's broader trend remains bullish despite recent choppy price action. Key support is at 24,500, with them viewing recent dips as profit booking rather than trend reversals. They anticipate recovery to 24,800 and potentially 25,000 in the coming months if the support holds. However, a breach below 24,500 could lead to a deeper correction.
read more at Stockwits