Experts believe the Nifty 50 may easily fall below the 24,000 support and break the August low soon, following the subdued September quarter earnings season with consistent FII selling pressure.
In the barometer index, the S&P BSE Sensex, dropped 662.87 points or 0.83% to 79,402.29. The Nifty 50 index slipped 218.60 points or 0.90% to 24,180.80.
Even if the Nifty 50 manages to rebound towards the 24,500-24,600 hurdles, the sustainability of those levels is doubtful as the market still favours a 'sell on rally' strategy. The Bank Nifty ...