Nifty 50 Plunges 1.64%, May Attempt Rebound

The Nifty 50 fell 1.64 percent on September 24, its biggest single-day drop since July 8, as rising US bond yields and oil above $105 a barrel weighed on sentiment. The index stayed below all key moving averages, with the RSI at 31.22. A rebound is possible, but 23,200-23,300 is resistance and a break below 23,000 could trigger selling toward 22,700.