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Nifty stuck at 24500 as traders split on bull trap or reversal signals

Economy
Published on 9 May 2026
Nifty stuck at 24500 as traders split on bull trap or reversal signals

Break 24750 fast or a correction risk rises

With Nifty hovering near 24,500, analysts say the index is testing a heavy resistance zone and could slide into correction if it can’t clear 24,750 soon. Some stocks are holding up, but Bank Nifty momentum is fading. Traders are told to monitor dips in Vedanta and Firstsource for sharper cues on trend direction.

  • Nifty’s 24,500 zone is acting like strong resistance
  • Failure to breach 24,750 quickly may trigger a correction
  • Bank Nifty momentum is losing steam
  • Watch Vedanta and Firstsource on weakness
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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