Technical View: Bulls hold the fort despite consolidation; Nifty 50 faces hurdle at 24,700–24,800, while Bank Nifty trend stays positive above 20-DEMA
As long as the Nifty 50 remains below Monday’s high of 24,774, it may continue to consolidate, with immediate support at 24,600, followed by the crucial support level of 24,400. However, according to experts, the next leg of the upmove is possible only if the index registers a sustainable and strong move above 24,700-24,800.
