Tech View: Nifty finds support around 50-EMA. Here’s how to trade Nifty on Wednesday

The short-term outlook for Nifty remains weak, with a decisive drop below 24,000-23,900 potentially pushing Nifty down to the next support level of 23,625. Immediate resistance is at 24,190, according to Nagaraj Shetti of HDFC Securities. Open Interest (OI) data indicates the highest OI on the call side is at the 24,300 and 24,500 strike prices, while on the put side, it is concentrated at the 23,500 strike price.