Nifty update for the week

Nifty update for the week 1) Nifty closed below 24500 on Friday 2) Technically now we are in bearish mode 3) RSI for the daily chart now below 40 4) Sentiments are negative due to FII selling 5) FIIs are selling on regular basis 6) Stock on radar

7) Major support for the index at 24200 now - Supply zone 24550-24600 8) Any uptick will be used for selling - we are not sell on rise for traders 9) All this is for information. This is not a buy/sell recommendation. thank you, technofunda24