The Nifty 50 continued its downtrend for the third session, closing at 24,436 after hitting a low of 24,378. It must hold the 24,350-24,400 range to potentially bounce back towards 24,600-24,700; otherwise, it risks falling to the 24,000 support level. A move above 24,605 could signal a short-term positive shift, despite the prevailing negative chart pattern.