Bears have tightened their grip on the Nifty 50, which fell nearly 1% to close at 24,181, marking its lowest level since August 14. The index is expected to breach the August low of 23,894 amid ongoing selling pressure and a weak earnings season, despite potential short-term bounces. Analysts indicate a persistent downtrend, with the index trading below key moving averages and forming lower highs and lows for four consecutive weeks.
