Sensex, Nifty Plunge 2.5% This Week: Experts Reveal Key Levels and Opportunities

• Indian benchmark indices Sensex and Nifty each declined by approximately 2.5% this week, marking their steepest weekly drop in four months.
• Nifty 50 closed at 25,048.65, slipping below its 200 DMA, indicating a weak short-to-medium term sentiment below 25,500.
• Analysts suggest Nifty could extend its decline towards 24,700 in the short term, with key support levels identified between 24,750-24,900.
• Despite the overall market weakness, some sectors show resilience, offering selective buying opportunities for investors.
• Future market direction will be influenced by global macroeconomic signals, US Federal Reserve guidance, and anticipation of the Union Budget.

Why It Matters: Sensex and Nifty saw a significant weekly drop; experts advise caution but note selective buying opportunities.