On Friday, the Nifty chart showed a potential bottom reversal with a bullish piercing line pattern, hinting at a positive turnaround.
A solid positive candle with a minor lower shadow formed on the daily chart, signaling short-term market recovery after recent declines. If Monday sees a sustained upward move, it could confirm the market’s reversal. Immediate support is at 24,500, while resistance is seen around 24,950-25,000. This could be a key opportunity for Bulls to regain momentum, according to HDFC Securities' Nagaraj Shetti.