Technical View: Nifty 50 needs a decisive breakout above 24,400 for further upside; Bank Nifty remains listless below 57,300
Technical indicators suggest that the Nifty 50 is likely to move higher despite near-term volatility. The 24,400 level is expected to act as the immediate resistance, followed by 24,530-24,600 as the next crucial hurdles. On the downside, immediate support is placed in the 24,200-24,100 zone, followed by the key support at 24,000.