Market Alert: Nifty Risks 24500 Sell-off Below 24900; Focus on Stock-Specific Plays

• Market technicals indicate a potential sell-off to 24500 if Nifty falls below the crucial 24900 level.
• Shrikant Chauhan of Kotak Securities highlights 25150 as a key Nifty level; closing below it could lead to 25000-24900.
• Pullbacks are not sustaining, and Nifty IT pressure is outweighing Nifty Bank's support, making upward movement difficult.
• Investors are advised to be highly stock-specific, with buying opportunities identified in Bharat Electronics and Canara Bank.
• Bharat Electronics could reach ₹455-470 (stop-loss ₹430), and Canara Bank targets ₹165 (stop-loss ₹154).

Why It Matters: Nifty faces a significant downside risk below 24900; investors should be stock-specific and cautious.