The Nifty 50 index's recent dip below the 24,000 mark has raised concerns among investors about potential market volatility. As of December 17, 2024, the index closed at 23,933.30, signaling a bearish trend that could lead to further declines if key support levels are not maintained. Key Support and Resistance Levels Support Levels : The immediate support for Nifty is at 24,000, with a more critical level at 23,873, corresponding to the November 28 low. A breach below these levels could invalidate the bullish head-and-shoulders pattern targeting 25,500, making the 23,300 lows vulnerable. Resistance Levels : On the upside, resistance is observed at 24,500. Sustaining above this level could indicate a potential rebound towards 24,700. Trading Strategies for the Upcoming Session Given the current market dynamics, traders should consider the following approaches: For Bullish Positions : Entry Point : Consider initiating long positions if Nifty sustains above 24,004. Target Levels : Pot...