Market sentiment weakened as the Nifty 50 fell below the 100-day EMA and dropped beneath 24,200, marking a nearly one percent loss. This move completed the first target of the Head and Shoulders pattern identified on October 25. Experts predict further declines towards the August low of 23,894 and possibly the 200-day EMA at 23,455. Any rebound towards 25,650 (10-day EMA) is expected to face selling pressure. Analysts recommend a “sell on rally” strategy as RSI remains in oversold territory.