The Nifty 50 index is showing weakness after failing to sustain above the recent highs, with the current price at 24,587 (-0.50%), slipping below the 9-day TEMA (24,762), which indicates short-term bearish pressure. The chart highlights a key support zone near 23,800–24,000 (blue line), which may act as a cushion if the selling continues. RSI (42.75) is trending downward and below its signal line (46.99), suggesting increasing bearish momentum but not yet oversold, leaving more room for downside. Overall, unless Nifty rebounds quickly above the 24,800–25,000 resistance zone, the bias remains mildly bearish with potential testing of lower supports.