*Nifty 50 at Crossroads: Will Bulls Conquer 25,000 or Bears Drag it to 23,200?* * Nifty 50 Index (CMP: 24,578.35) * Current Trend : Nifty shows a short-term overbought condition after a sharp rally, facing resistance near all-time highs. * Trading Zone : Currently stuck between 24,150–24,850, a decisive breakout or breakdown will define the next trend. * Trade Suitability : Sideways to Cautiously Bearish — Not ideal for fresh longs unless a breakout above 24,857 is confirmed. *Chart Outlook & Prediction* * Nifty faced sharp rejection from the upper Bollinger Band and previous resistance at \~24,857. With bearish engulfing near highs and increased volume, short-term correction is likely unless bulls defend the 24,150 level. RSI appears stretched, and candles suggest profit-booking. A pullback towards 23,750–24,000 can’t be ruled out. *Fundamental Catalyst* * US CPI inflation came in softer-than-expected, which is mildly supportive globally. However, local uncertainties including election-related volatility, profit-booking after earnings season, and rising US bond yields may pressure equities. The next domestic trigger would be macroeconomic data and global risk sentiment. Watch out for FII flows and RBI cues. *Support and Resistance Levels* * Resistance: 24,750 / 24,857 / 25,215 | Support: 24,119 / 23,750 / 23,214 * Major Breakdown Zone: Below 23,750 | Major Breakout Zone: Above 24,857 *Breakout Strategy (Bullish)* * Entry: Above 24,860 (Sustained) | Stoploss: 24,500 * Target 1: 25,215 | Target 2: 25,500 | Target 3: 25,750 *Breakdown Strategy (Bearish)* * Entry: Below 24,100 | Stoploss: 24,450 * Target 1: 23,750 | Target 2: 23,214 | Target 3: 22,965 *Caution Note – All Positivity Negates Below* : 24,100 (Break and Close Below) *Caution Note – All Negativity Negates Above* : 24,857 (Break and Close Above) *Overall Conclusion* * Cautious Trading Recommended. Wait for a breakout or breakdown before taking directional bets. Risk-reward favors short trades if resistance holds. *Disclaimer : This analysis is for educational and informational purposes only and should not be considered as investment advice. Always consult with a SEBI-registered financial advisor before making any trading decisions. Markets are subject to risk.*