📊 Nifty 50 – Short Term View (CMP ~24,710, -1.0%)

🔎 Technical Snapshot Nifty slipped below 24,800 and is now trading near support at 24,600–24,650. RSI ~30 (hourly) → oversold zone, suggesting possibility of a short-term bounce. Resistance: 24,870–25,000 (supply zone & call OI buildup). Support: 24,600, extended support at 24,400 (channel base). Options data shows heavy Call OI at 24,800–25,000, while Put writing at 24,600 → range-bound with bearish tilt. 🎯 Short-term Outlook Bias is bearish below 24,800, with downside targets of 24,600 → 24,400. A rebound above 24,870 may shift momentum back toward 25,100. 🌐 Key Fundamental Drivers for Nifty 50 Global Cues – US Fed commentary, US bond yields, and crude oil trends remain critical. Rising yields or crude above $85 may pressure equities. FII/DII Flows – Recent sessions saw FII outflows amid global risk-off, dragging indices lower. DII support is cushioning falls. Rupee Movement – Weak INR vs USD affects imported inflation and FII flows. Corporate Earnings – Mixed Q1 earnings; strong banking/IT offset by weakness in autos & FMCG margins. Macro Data – CPI inflation easing is supportive, but higher food inflation risk remains. Sectoral Rotation – Pharma & IT gaining defensive flows, while financials face selling pressure. ✅ Summary Nifty faces selling pressure near 25k with support at 24,600–24,400. Short-term trend stays bearish to sideways unless index reclaims 24,870+. Fundamentally, flows from FIIs, global yields, crude & earnings will dictate near-term moves Bullish Stocks to focus: