Technical View: Failure to hold the 24,500 zone next week could strengthen Nifty bears; Bank Nifty must defend 57,500 support
Going forward, any decisive fall below the 24,500 level next week cannot rule out the possibility of the index declining toward the 24,380-24,300 zone, followed by 24,200. On the higher side, however, the 24,700-24,800 zone is expected to remain a crucial hurdle.