Nifty 50:Global Weakness May Pressure Bulls Watch 24,220 & 24280Nifty 50 IndexNSE:NIFTYvickshikNifty ended yesterday's session on a positive note but lost momentum in the final hour. Overnight, U.S. markets witnessed a sharp sell-off following the Fed's hawkish commentary, which could keep sentiment cautious at the opening. The immediate support lies at 24,220. A sustained move below this level may drag the index towards 24,170 and 24,110. On the upside, bulls need to reclaim 24,280 to resume the momentum towards 24,340 and 24,390. Trade the confirmation, not the prediction. Let the first 15 minutes establish the day's direction before taking an options position. My view If the market opens with a gap-down but holds above 24,220 and starts making higher lows, I'd prefer a CE trade. If 24,220 breaks decisively, then a PE trade offers the better probability. Given the overnight global weakness, avoid aggressive buying in the first few minutes and let the price action confirm the trend. Education purpose only and not financial advice.