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The 23,800 is likely to be a key hurdle for the NIfty 50 in the upcoming sessions. As long as it stays below the 200-day EMA, a fall toward 23,200 (the 50-week EMA) cannot be ruled out, according to experts.

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If the Nifty 50 sustains below 23,500, given the bearish sentiment and the lower highs-lower lows formation, the decline could extend to 23,200, which coincides with the 50-week EMA. On the upside, the 23,600-23,700 range could act as a resistance zone, according to experts.

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Considering the bearish sentiment, if the Nifty 50 decisively slips below the 200-day EMA, 23,200 (which coincides with the 50-week EMA) is the next level to watch. In case of a rebound, the index may face resistance in the 23,600–23,800 zone, experts said.

Rajkumar Singhal thinks FIIs behaviour is more of a tactical adjustment rather than a structural shift, suggesting that if corporate earnings improve, FPIs may return to the Indian market.

The Nifty 50 formed a long bearish candlestick once again and eventually hit the 200-day EMA support at 23,540. If the index decisively falls below this level, it may reach the second target (around 23,200) of the Head and Shoulders pattern in the upcoming sessions. However, on the upside, the levels to watch are 23,900-24,000, experts said.

The combination of slowing new account openings and a rising stoppage ratio suggests that less domestic capital will flow into the market.

The Nifty 50 is now near the 23,800 support level. If it decisively breaks this level, the likely selling pressure could drive the index down to 23,500. Meanwhile, resistance is placed in the 24,000-24,200 zone, experts said.

The 24,300 is likely to act as immediate resistance for the Nifty 50, followed by 24,500, which is a crucial hurdle, experts said. The index managed to respect 24,000, which is expected to act as support, with 23,800 seen as the next key support level. Therefore, the overall range remains between 23,800 and 24,500.

The immediate support for Nifty 50 is placed at 24,000, followed by 23,800, as below these levels, the selling pressure toward 23,500 can't be ruled out. On the higher side, 24,500 remains the key level to watch, as sustaining above it could drive a sharp rally, experts said.

In the upcoming sessions, the Nifty 50 may take immediate support at 24,000, followed by 23,800, which is critical support in the event of further downside. However, on the upside, 24,500 is expected to remain a key hurdle. This suggests the index may trade in the range of 23,800–24,500, experts said.

The Nifty 50 now needs to sustain above 24,500, as above this level, the 24,800-25,000 zone can't be ruled out, considering the increase in volumes and improved sentiment. On the downside, 24,200-24,000 is likely to act as a support zone, according to experts.