Technical View: Nifty 50 likely to move towards 25,300-25,500 in the near term

Nifty may rebound in the near term after profit booking led to a 2.9% loss. It remains above the 200-day SMA, indicating an uptrend, while key support lies around 24,000. Investors are advised to adopt a buy-on-dips strategy amid short-term corrections.

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