The Nifty 50 index ended the day slightly below 24,400 on October 24, experiencing its fourth consecutive day of losses. The market remained rangebound, with the formation of Inverted Hammer and Doji patterns indicating a potential bounce in the upcoming sessions.
The prevailing trend still favors bearish sentiment, leading experts to suggest a 'sell on rally' strategy. Resistance levels are identified at 24,500-24,600, and a significant break below 24,300 could result in a sharper decline. Traders are advised to closely monitor these key levels as they navigate the current market conditions.