"Nifty May See Further 1,000-Point Drop, Technical Charts Indicate Potential Market Decline" "If Nifty Fails to Hold Above 24,500, Charts Signal Potential Drop to 200-DMA at 23,365" Nifty 50 May Drop Another 1,000 Points, Technical Charts Indicate The Nifty 50 index may face further downside of 1,000 points from current levels, potentially hitting 23,300 in the short to medium term, according to technical charts. The recent decline from record highs has shifted market sentiment towards the bears.
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