GIFT Nifty down 85 points; here's the trading setup for today's session

The underlying trend of Nifty remains negative. Having declined below the crucial support of 25,100-25,000 levels recently, Nifty could slide down towards another lower support of around 24,500-24,400 in the near term. Immediate resistance to be watched at 25,000 levels, said Nagaraj Shetti of HDFC Securities.