The Nifty 50 index is currently experiencing downward pressure, with a decline of over half a percent on October 31. This decline is attributed to weakness in global markets.

Concerns are raised for investors as the index is trading below all short- to medium-term moving averages. A critical support level is identified at 24,100, and if the index breaks decisively below this level, it could drop towards 23,900. On the upside, there is a significant hurdle at 24,500, which experts believe will act as a key resistance point.

Market participants are advised to closely monitor these levels as they plan their trading strategies for the Muhurat day of Samvat 2081.