Nifty 50 AnalysisNifty 50 IndexNSE:NIFTYvickshikAfter a sharp decline of more than 500 points, Gift Nifty is indicating a positive opening. However, this could simply be a short-covering rally rather than a confirmed trend reversal. Resistance: 24,000 → 24,080 → 24,180 Support: 23,900 → 23,840 → 23,760 Bullish Scenario: A sustained move above 24,000 on the 15-minute chart may trigger a recovery towards 24,080–24,180. Bearish Scenario: If Nifty fails to hold above 24,000 and forms a bearish rejection, sellers may push the index back towards 23,900 and lower. Trading Plan: Wait for the first 15-minute candle before taking a position. Let price action confirm the direction instead of predicting it. Disclaimer: This analysis is for educational purposes only and is not investment advice.