The market closed at 24,436 on October 23, experiencing a downturn for the third consecutive day. It is currently below critical resistance levels, with the 20-week EMA at 24,550 and the 20-week SMA at 24,700, indicating the potential for continued consolidation.
Immediate support is found in the 24,400-24,350 range, and breaching this zone could result in further declines. Market experts suggest that levels may drop to 24,200-24,000 in the near term. Traders are advised to closely monitor these key levels in the current market conditions.