The Nifty is holding a bullish structure but moving in a tight range, with resistance building near 24,600. Analysts point to mixed cues as traders wait for a clear move, watching 23,800 for support. Bank Nifty momentum is improving, suggesting participation may broaden once direction emerges. Stock picks are also in focus for active traders.
With Nifty hovering near 24,500, analysts say the index is testing a heavy resistance zone and could slide into correction if it can’t clear 24,750 soon. Some stocks are holding up, but Bank Nifty momentum is fading. Traders are told to monitor dips in Vedanta and Firstsource for sharper cues on trend direction.
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