Technical Summary: Price below 50 EMA (Exponential Moving Average) Current price: ₹24,565.35 50 EMA: ₹24,913.95 Interpretation: Bearish trend as price is trading below its short-to-medium-term average. RSI (Relative Strength Index) Current RSI: 36.01 RSI < 50 confirms weakening momentum. RSI below 40 can be considered deepening bearishness, nearing oversold. Resistance and Support (from Open Interest data) Resistance: ₹25,000 Support: ₹24,500 Implies a narrow consolidation zone, but with downside bias as price is approaching support with weak momentum. 📉 Conclusion: Trend: Bearish Momentum: Weak (RSI < 40) Action Point: Watch the ₹24,500 support zone carefully. A breakdown below this can trigger further downside, possibly toward ₹24,200–₹24,000. Resistance at ₹25,000 must be reclaimed for bulls to regain control.