F&O Talk | Nifty may decline to 23,900; bullish trigger at 24,850, says Rahul Ghose

Indian equity markets closed lower for the sixth straight week amid global uncertainties, foreign fund outflows, and weak Q1 earnings. The Nifty slipped below 24,400, signaling cautious investor sentiment. Analyst Rahul Ghose warns of further downside risks with a key support at 23,900, while a rebound depends on reclaiming 24,850. Defensive sectors like FMCG and energy remain preferred.