Nifty 50: Downtrend Continues as Index Trades at 24,152.9

Stocks News

Market Overview
As of 14:30, Nifty 50 is trading at 24,152.9, down 0.8% for the day, within a range of 24,359.95 to 24,116.5. Nifty futures are at 24,160.55, down 0.81%, with a 3.58% increase in open interest, indicating a continuation of the downtrend.

Notable Performers

52-Week Highs: Cipla (₹1600), Oil & Natural Gas Corporation (₹344.7)

Technical Analysis & Strategy
With open interest rising, the downtrend appears strong. Traders should watch for support near 24,116.5. Consider short positions while the trend remains bearish.

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