The Nifty 50 experienced a significant decline of 1.25 percent, closing at 24,472, as it fell below critical support levels of 24,700 and 24,550, marking a 10-week low. Immediate support is now at 24,400, with potential further correction to the 24,000-23,900 range, while resistance is noted at 24,700. Key resistance levels based on pivot points are identified at 24,767, 24,870, and 25,036.